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What Happens If There Is No Debt Ceiling Deal On August 2?

July 22, 2011

Watch the latest video at video.foxbusiness.com Comment Jim Bianco was on Fox Business yesterday discussing the U.S. debt ceiling debate.  Much of what was discussed was detailed in our conference call yesterday (handout audio). To view the interview click on the picture above. To view any of our recent interviews click here. The stories below… Continue reading What Happens If There Is No Debt Ceiling Deal On August 2?

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A Deal For Greece

July 22, 2011

<Click on chart for larger image> The New York Times – Heads of Europe Back Broad Plan to Rescue Greece After years of resistance, European leaders agreed Thursday to reduce Greece’s debt burden in a last-ditch effort to preserve the euro and stem a broader financial panic.  The pact, negotiated in Brussels, is part of… Continue reading A Deal For Greece

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Jobs

July 22, 2011

Bloomberg.com – Caroline Baum: Ailing U.S. Economy Seeks Jobs Doc Looking beyond the debt-limit shenanigans preoccupying Washington, the big issue for the U.S. economy is long-term unemployment and what to do about it. President Barack Obama is always hawking some kind of jobs plan, whether it’s training more engineers, enticing businesses with short-term hiring incentives… Continue reading Jobs

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Switzerland

July 22, 2011

The Economist – Buttonwood: Swiss gold The paper currency that everyone seems to like PAPER currencies have not been very popular of late—witness gold’s surge to a record high against the dollar, sterling, the euro and the yen on July 18th. Near-zero interest rates and debt crises on both sides of the Atlantic make investors… Continue reading Switzerland

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Japan

July 22, 2011

The Economist – Japan’s debt: The domino that never falls The long-term prognosis for the debt-ridden economy is not good WHAT do bond investors do when debt crises threaten the euro zone and America? Head for safety in a far more indebted country. Yields on Japanese government bonds (JGBs) fell to an eight-month low on… Continue reading Japan

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Federal Reserve Ethics

July 22, 2011

The Wall Street Journal – Questions on Holdings at the Fed The Federal Reserve Bank of New York again is facing scrutiny over stockholdings held by a senior official during the 2008 financial crisis. Then-New York Fed President Timothy Geithner issued a waiver that allowed William Dudley—executive vice president of the regional Fed bank’s markets… Continue reading Federal Reserve Ethics

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Newsclips

All Good Humor Contains An Element Of Truth

July 22, 2011

The Onion – Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined Members of the U.S. Congress reported Wednesday they were continuing to carefully debate the issue of whether or not they should allow the country to descend into a roiling economic meltdown of historically dire proportions. “It is a question that,… Continue reading All Good Humor Contains An Element Of Truth

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Cartoons

July 22, 2011

None Today

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Newsclips

The Earnings Game

July 21, 2011

MarketBeat (WSJ Blog) – Earnings Season Off to Strong Start (And It’s Not Just Apple) So, how’s earnings season shaping up so far? Not too bad. Impressive reports by Apple and IBM have gotten plenty of attention this week, but there’s more than those two tech titans. Earnings season is so far topping views at… Continue reading The Earnings Game

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The Federal Reserve Continues Searching For A Way To Drain Reserves

July 21, 2011

<Click on chart for larger image> Real Time Economics (WSJ Blog) – Fed to Test Facility for Draining Excess Reserves The Federal Reserve says it will hold a term-deposit facility auction next week as part of an effort to test ways to drain excess reserves from the financial system. The Fed says that on Monday… Continue reading The Federal Reserve Continues Searching For A Way To Drain Reserves

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Washington Doesn’t Get it

July 21, 2011

Reuters – Exclusive: U.S. backup debt plan doesn’t support rating: Moody’s The back-up plan offered by Senator Mitch McConnell would avoid any immediate downgrade of the coveted U.S. triple-A rating, Moody’s analyst Steven Hess told Reuters in an interview, bringing relief to investors who fear an imminent downgrade of the coveted U.S. triple-A rating. …… Continue reading Washington Doesn’t Get it

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The Gang Of Six And Inflation Expectations

July 21, 2011

<Click on chart for larger image> The Wall Street Journal – For Outlook Cues, Look to the ‘Gang of Six’ The “Gang of Six” should take up residence at the Federal Reserve. The latest plan put forth by these half-dozen senators to rein in the U.S. deficit is helping to squelch any fears around long-term… Continue reading The Gang Of Six And Inflation Expectations