MarketWatch – The Fed should twist again If the Fed were to engage in a new round of bond buying — call it QE3 — it could push long rates lower as it did under QE2 and provide needed assistance. Besides the immediate past, there is ample precedent for such a gambit. Back in the… Continue reading Operation Twist
The Financial Times – Alan Greenspan: Regulators must risk more, and intervene less How much of its ongoing output should a society wish to devote to fending off once-in-50 or 100-year crises? How is such a decision reached, and by whom? In the 19th century, when caveat emptor ruled, such risk judgments were not separable… Continue reading Alan Greenspan
Bloomberg.com – Roubini Sees Reduced Threat of Euro Breakup, Deflation in Advanced Nations The risk of a breakup in the euro area is lower than a year ago, Nouriel Roubini, the economist who predicted the global financial crisis, said. The risk of deflation in advanced economies has also fallen, Roubini, the co-founder and chairman of… Continue reading Roubini Comments On Europe
Beyond August 2 Audio Link of Conference Call Handout A transcript of the July 21, 2011 conference call.
Comment Jim Bianco was on Reuters TV last Friday discussing the U.S. debt ceiling. Much of what was discussed was detailed in our conference call (handout, audio). To view the interview click on the picture above. To view any of our recent interviews click here. Let us repeat what we wrote on Friday: In the… Continue reading The Debt Ceiling Debate – Why AAA Matters
CNBC.com – Caterpillar Profit Falls Short of Views, Shares Fall Heavy machinery maker Caterpillar disappointed Wall Street with a second-quarter earnings miss on Friday and said economic growth in the U.S. and other developed economies was weaker than expected, sending its shares lower. Although Caterpillar said demand was improving around the world and its outlook… Continue reading Can CEOs Tell Us Where The Economy Is Going?
CNBC – Greek Bailout May Not Be Cure-All That Europe Hopes A second international bailout is likely to stop a sharp rise of Greece’s public debt and prevent any disorderly default in the near term. But it may not be enough to avoid a painful debt restructuring sometime in coming years. Economists said the steps… Continue reading Not Everyone Is Praising The EU Deal For Greece
Zero Hedge (blog) – Worst Start To The European Earnings Season In A Decade From Bank of America: The Q2 Reporting Season well under way with 49 companies reporting Q2 earnings so far. (approx 300 will report quarterly results in total) Data so far suggests that we’re off to a very poor start with 36.7%… Continue reading Earnings: Europe vs. the U.S.
The Wall Street Journal – Best Barometer for Further Oil Release? Brent Futures Brent is widely considered to be a better indicator of global oil prices than New York Mercantile Exchange crude futures. Fuel prices in many parts of the U.S., and in the Northeast in particular, track changes in Brent. Brent for September delivery… Continue reading Brent Is The New Benchmark
The Wall Street Journal – James Grant: For Love of Laissez-Faire Because nobody else can understand them, modern economists speak to one another. They gossip in algebra and remonstrate in differential calculus. And when the pungently correct mathematical equation doesn’t occur to them, they awkwardly fall back on the English language, like a middle-aged American… Continue reading Frédéric Bastiat