CNBC.com – Dow Could Reach 100,000 in 20 Years But Kidman cautioned that the current bear market may “last longer” and “be more brutal than previous ones,” because they aren’t trading on fundamentals due to the many external risk factors, including the current debt tangle in Europe. “History is a lot more prescriptive than the… Continue reading DOW 100,000
Comment Jim Bianco was on CNBC Tuesday discussing the high degree of correlation in the markets. To view the interview click on the image above. To view any of our recent interviews click here. Jim also recently gave a speech titled “Crisis Correlation, Why It Happens And What It Means”, which can be found here.… Continue reading Market Correlations
Zero Hedge (Blog) – The Italian Bond Maginot Line Has Just Been Pushed Back By 100bps We commented earlier on the precipice of LCH.Clearnet’s margin rules for Italian debt and the 450bps spread Maginot Line. Well, as always, there is some wiggle room in here and instead of using what seems ‘obvious’ as a benchmark… Continue reading Is LCH Clearnet Already Changing The Rules For Margin Requirements?
[pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=51″] The Wall Street Journal – Fed Expresses Modest Optimism Despite some improvement over the past month, growth remains slow more than two years after the recession ended and is threatened by ongoing financial troubles in Europe. The rapid downfall this week of securities firm MF Global Holdings Ltd., which made bad bets… Continue reading The Federal Reserve Meeting
The Wall Street Journal – Italy Skips Key Fiscal Moves Italian Prime Minister Silvio Berlusconi on Wednesday failed to issue growth-boosting measures demanded by European Union authorities ahead of the Group of 20 summit, raising further doubts about the government’s willingness to pass economic reforms aimed at restoring investor confidence in the country. Mr. Berlusconi’s… Continue reading Italy
The Wall Street Journal – Greek Prime Minister Loses Majority Greek Prime Minister George Papandreou called an emergency cabinet meeting Thursday after more defections by his socialist party’s lawmakers over his surprise plan for a euro referendum erased his majority in Parliament. Also coming out against the plan was Finance Minister Evangelos Venizelos, who like… Continue reading Papandreou’s Referendum
Bloomberg.com – Selling More CDS on Europe Debt Raises Risk for U.S. Banks U.S. banks increased sales of insurance against credit losses to holders of Greek, Portuguese, Irish, Spanish and Italian debt in the first half of 2011, boosting the risk of payouts in the event of defaults. Guarantees provided by U.S. lenders on government,… Continue reading European CDS
Zero Hedge (Blog) – Some Words Of Advice From Kyle Bass Michael Lewis’ latest compilation of Vanity Fair articles into book format, Boomerang, is the usual entertaining romp around those back and front waters of the world that are currently on the verge of bankruptcy: from Greece, to Ireland, to Germany and, of course, to… Continue reading Kyle Bass Likes Nickels
Bloomberg.com – Amity Shlaes: Goldman Idea Could Let Inflation Out of the Bottle There are bad ideas, and there’s the proposal that economists from Goldman Sachs Group Inc. (GS) released Oct. 14. They suggested that the Federal Reserve Board target a nominal gross-domestic-product growth rate of 4.5 percent to decide how much money to inject… Continue reading Targeting Nominal GDP
The Wall Street Journal – Overheard: The Fed’s Printing Problem Further evidence you can’t always print your way out of a problem? A Xerox WorkCentre 5150 photocopier is causing angst among Washington’s economics press corps—and some Fed officials. The copier in the Treasury Department room where reporters huddle for Fed releases keeps jamming. That delays… Continue reading Even The Copy Machine Is Protesting FOMC Policy
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