Charts of the Week Topics Covered This Week Include: The Debt Ceiling No Year-End Bounce In The Stock Market This Year Will The ECB Print Money Euro Yields Italy Corporate Bond Issuance Company Guidance Update A Look At Credit A Look At M&A CFNAI v ECRI Housing Housing – 2 Gas Prices Eurodollar Futures: Commercials… Continue reading Charts of the Week
<Click on chart for larger image> The Financial Times – Martin Wolf: To the eurozone: advance or risk ruin What is worrying is that stresses in eurozone public debt markets are rising: Ireland is the only member to have had a significant decline in spreads, though to what is still a penal level. The first… Continue reading Europe
The Wall Street Journal – Higher ‘Stress’ for Big Banks Regulators said they will publish full results next year of a bruising “stress test” of the biggest U.S. banks, in a bid to reassure investors about the health of the financial system at a time of intense market uncertainty. The six largest banks in the… Continue reading U.S. Banks To Receive Stress Tests
The Wall Street Journal – Fed Debate Over Guidance Complicates Policy Moves Some Federal Reserve officials wanted to take new steps to bolster the U.S. economy at their meeting three weeks ago, but the central bank held off as it tries to resolve a related internal debate on how it communicates its policies to the… Continue reading The Federal Reserve Cannot Agree
<Click on chart for larger image> The LA Times – Year-end bounce shaping up like a bust The Dow is down 3.4% in what is usually the stock market’s best two-month period of the year. As the ‘super committee’ fails, many investors are merely seeking a place to preserve capital. Wall Street seems to be… Continue reading No Year-End Bounce In The Stock Market This Year
The Wall Street Journal – Jeb Hensarling: Why the Super Committee Failed Democrats were unwilling to agree to anything less than $1 trillion in tax hikes, and unwilling to offer meaningful reforms for health-care entitlement spending. All now know that the Joint Select Committee on Deficit Reduction has failed to reach an agreement. While there… Continue reading Why Did The Super Committee Fail?
The Wall Street Journal – Investors Bullish on Fed Tips After the financial crisis, Mr. Dudley, who followed Mr. Geithner as New York Fed president in January 2009, went further. Concerned about the growing role of hedge funds and investment banks in a so-called shadow banking system, he established the Investor Advisory Committee on Financial… Continue reading Betting On The Federal Reserve
The Financial Times – Obama reopens debate on US stimulus Barack Obama sought to reignite the debate over an economic stimulus package on Tuesday, demanding that a bitterly divided Congress pass an extension of payroll tax cuts before the end of the year. “We still have to give the economy the jolt that it needs,”… Continue reading More Stimulus!
The Financial Times – US growth revised down to 2% The US economy grew more slowly than originally thought in the third quarter as businesses drew down their inventories faster than expected. Gross domestic product growth was revised down to an annual rate of 2 per cent in the third quarter from an earlier estimate… Continue reading 3rd Quarter US GDP Revised Down
None Today
Comment Jim Bianco was on Bloomberg TV yesterday afternoon discussing Europe. To view the interview click on the image above. To view any of our recent interviews click here. Bloomberg.com – Germany Has No Alternative to Current Debt-Crisis Policy, Merkel Ally Says Germany is standing pat in Europe’s debt crisis, rejecting calls from allies and… Continue reading The Odds Of A Euro Breakup
Comment Jim Bianco was on CNN on Friday evening discussing the super committee. To view the interview click on the image above. To view any of our recent interviews click here. The Wall Street Journal – Deficit Panel Folds Its Tent Congress’s special deficit-cutting committee bowed to reality Monday and called it quits, with both… Continue reading The Debt Ceiling