<Click on chart for larger image> Reuters – Obama jobs package won’t bust debt ceiling A package of job-creation and economic growth proposals that President Barack Obama will put before Congress will be paid for and will not breach the legal U.S. borrowing limit, the White House said on Wednesday. “We’re not going to bust… Continue reading Obama’s Stimulus & The Debt Ceiling
The Wall Street Journal – Jon Hilsenrath: Fed Prepares to Act Federal Reserve officials are considering three unconventional steps to revive the economic recovery and seem increasingly inclined to take at least one as they prepare to meet this month…Though officials aren’t certain to take new steps this month, they are looking at alternatives to… Continue reading The Federal Reserve Considers Three Different Ideas
<Click on graphic for larger image> CBS New York – Groups Plan To ‘Occupy Wall Street,’ But Their Goal Is Not Yet Set A coalition of groups who say they’ve been inspired by the Arab Spring protests against despots abroad is calling for a large, Tahrir Square-like protest right here in New York City. But… Continue reading September 17 – Occupy Wall Street
<Click on chart for larger image> The Financial Times – The SNB’s measures will work for now The Swiss National Bank’s decision to target the Swiss franc against the euro will have far reaching consequences for global currency markets… This dramatic action is likely to result in three big changes in the foreign exchange markets.… Continue reading Targeting The Swiss Franc
The Financial Times – Libor inquiry looks at criminal angle The US investigation into alleged manipulation of interbank lending rates is focusing on possible violations of a commodities law that has previously been used to send financial executives to prison. According to people familiar with the probe into the setting of London and Tokyo interbank… Continue reading Jail Time For Those Involved In LIBOR Manipulation?
MarketWatch – Things are bad, but analysts can’t say ‘sell’ Sometimes you just gotta love Wall Street for calling a spade anything but a spade. Consider, at a place and time such as this, with the economy teetering on the verge of another recession, none of the 1,485 stocks that make up the S&P 1,500… Continue reading When ‘Buy’ And ‘Hold’ Are Your Only Two Options
The Wall Street Journal – Why the Stimulus Failed Even zero jobs growth in August doesn’t seem to have disrupted President Obama’s faith in the economic policies of his first three years, so one theme we’ll be listening for in tonight’s speech is how he explains the current moment. Why did his first jobs plan—the… Continue reading Keynesian Theory
<Click on graphic for larger image> MarketBeat (WSJ Blog) – ETFs Continued World Takeover in August Exchange traded funds — you can’t live with them, you can’t cook them in a wok. But you can’t avoid them either. They’re taking over everything, and last month made up the biggest share of stock-market volume on record.… Continue reading ETF Volume
<Click on graphic for larger image> MarketBeat (WSJ Blog) – Quants Doing Just Fine, You Can All Stop Worrying Now August was an awful month in several ways, for investors and human beings generally, but you’ll be overwhelmingly relieved to know that quant investors did just fine. Quantitative investing strategies, the fancy name for those… Continue reading Quant Funds
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Charts of the Week Topics Covered This Week Include: Credit Still Underperforming Equities Operation Twist The Swiss Ceiling Are We About To Have Another Debt Ceiling crisis? European Banks vs. U.S. Banks Sovereign Debt Flight To Safety Eurozone Disappoints Economists Is The Great Recession Really Over? Leverage Mutual Fund Flows Homeownership Rate Continues To Decline… Continue reading Untitled
Bloomberg.com – European Banks Under Assault in Markets That Remind Ackermann of Late 2008 Three years after the collapse of Lehman Brothers Holdings Inc., financial shares in Europe are under assault, the cost of insuring bank debt is at records, and bankers see worrying parallels to that time. A Bloomberg index of European financial stocks… Continue reading European Banks vs. U.S. Banks