Charts of the Week Topics Covered This Week Include: Dividend Stocks Dividend Stocks – 2 The Stock Market’s Range Market Correlation An Updated Look At Credit Are We About To Have Too Much Inflation? Euro-LIE-bor European Banks French 10 Year Yields vs. German 10-Year Yields Italy China The Yuan Case Shiller Home Prices Update Refis… Continue reading Charts of the Week
Comment Jim Bianco was on Bloomberg TV yesterday discussing a variety of topics including Europe, the economy and earnings. To view the interview click on the picture above. Many of the topics included in the interview above were also discussed in our conference call last week (handout, audio,webcast, transcript). To view any of our recent… Continue reading Discussing The Markets, Europe, The Economy And Earnings
The Wall Street Journal – Europe at Odds Over Crisis Package Prospects for a long-awaited breakthrough deal to stem the worsening euro-zone debt crisis were up in the air on Tuesday, as governments and banks remained at loggerheads over how much pain to inflict on holders of government bonds issued by Greece, the country at… Continue reading All Eyes On Europe
The Financial Times – Bankers fear political moves will kill off CDS On the Greek credit event, it is still unclear what will happen. The International Swaps and Derivatives Association, the derivatives trade body, is likely to rule that there is no credit event, regardless of the size of haircuts, so long as it is… Continue reading Credit Default Swaps
<Click on chart for larger image> The Financial Times – Italy’s coalition government in fight for life Italy’s prime minister was fighting on Tuesday night to stave off a collapse of his centre-right coalition government over European Union demands for more concrete economic reform measures in time for Wednesday’s highly anticipated summit of eurozone leaders.… Continue reading Italy
TheStreet.com – Obama Sows Seeds of a New Credit Crisis In parallel, the president initiated programs through Fannie Mae and Freddie Mac to help homeowners refinance up to 125% of their home’s value. Homeowners are permitted to refinance even if they owe up to 25% more than their homes are worth, and up to a… Continue reading Underwater Homeowners
The Financial Times – Incentive structures still favour risk-taking In the welter of regulatory reforms that has followed the financial crisis, one area has received far too little attention. It concerns the role of incentives in prompting excessive risk taking. So much the better, then, that Andrew Haldane, executive director for financial stability at the… Continue reading The Problem With Too Big To Fail
<Click on chart for larger image> The Wall Street Journal – China Offers Case Against Rapid Yuan Rise China’s currency, the yuan, is now close to the equilibrium level, and pushing for rapid appreciation in the near term will only be counterproductive, Chinese Foreign Ministry spokeswoman Jiang Yu said Wednesday. Ms. Jiang, speaking at a… Continue reading The Yuan
<Click on chart for larger image> MarketWatch.com – U.S. home prices up 0.2% in August: Case-Shiller U.S. home prices edged higher in August for the fifth straight monthly gain, according to a key index released Tuesday that continues to show a market bouncing along the bottom. The S&P/Case-Shiller 20-city composite rose 0.2% on the month… Continue reading Home Prices
Comment Jim Bianco was on Reuters TV yesterday discussing market correlation. To view the interview click on the picture above. To view any of our recent interviews click here. We also discussed market correlation in depth in our September 29, 2011 conference call (handout, audio, webcast, transcript). Below are updated charts that were used in… Continue reading Market Correlations Are At An All-Time High
TheStreet.com – Caterpillar’s Earnings Show No Recession Is on the Way Caterpillar’s third-quarter earnings report is a sign the global economy won’t suffer a double-dip recession. Caterpillar, the world’s largest construction- and mining-equipment maker, reported a third-quarter profit of $1.71 a share, an increase of 40% from a year earlier. Revenue jumped 41% to $15.7… Continue reading Is Caterpillar A Good Measure Of The Larger Economy?