<Click on chart for larger image> CNBC.com – Nearly Half of US Think New Recession is Coming: Poll The nation’s gloom over economic conditions poses a serious threat to President Obama’s re-election chances, according to a new NBC News/Wall Street Journal poll. The survey shows that nearly half of all Americans, and two-thirds of Republicans,… Continue reading Recession Talk And Obama’s Approval Rating
MSN Money – Fed’s next move: Stealth stimulus There’s a sense of impending doom in the market as the end of the Fed’s QE2 money-printing program nears. But we don’t need QE3 — help is on the way. Businesses are flush with cash. Financial conditions are calm, with interbank lending rates hitting fresh lows. Inventories… Continue reading What Will The Federal Reserve Do Next?
The Financial Times – Global economy menaced by return of living dead The global economy is being hobbled by a new generation of zombies – the economic walking dead. American consumers are in the early stages of an unprecedented retrenchment. In the 13 quarters since the beginning of 2008, inflation-adjusted annualised growth in consumption has… Continue reading The Global Economy
The Wall Street Journal – Lenders Dig In on Rules Financial firms are making an aggressive, last-ditch push to ward off stricter capital requirements ahead of an international agreement that could come later this month. Global regulators are close to a deal on how much additional capital large, complex firms that pose risk to the… Continue reading Capital Requirements
Bloomberg.com – Home Prices Exploding in Silicon Valley Amid More Millionaires A surge in wealth from technology stock sales and initial public offerings is spilling into the Silicon Valley real estate market as newly rich workers bid up home values in suburban cities south of San Francisco.The median price of single-family houses sold in Palo… Continue reading Home Prices In Silicon Valley Are Rising!
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Charts of the Week Topics Covered This Week Include: The Real Economy Struggles – QE3 Coming? Economic Surprises Worldwide: Real Growth Measuring Inflation Via Market Expectations – US Measuring Inflation Via Economist Opinions – 1 Measuring Inflation Via Economist Opinions – 2 Munis Continue To Outperform Brent vs. WTI Retail Gas Prices Fall What Deleveraging?… Continue reading Untitled
The Wall Street Journal – Jon Hilsenrath and Luca Di Leo: No Fed Shift Seen at June Gathering When Federal Reserve officials met in April, they spent a long time strategizing how to exit from the central bank’s easy-money policies. As they prepare for their next gathering, amid a pronounced economic slowdown, the exit looks… Continue reading What Is The Federal Reserve Trying To Tell Us?
<Click on chart for larger image> Bloomberg.com – Fed Officials Discuss Explicit Inflation Target Federal Reserve officials are discussing whether to adopt an explicit target for inflation, a strategy long advocated by Chairman Ben S. Bernanke and practiced by central banks from New Zealand to Canada, according to people familiar with the discussions. The talks… Continue reading Inflation Targeting
<Click on chart for larger image> The Wall Street Journal – Inflation Outlook Has Treasury Bulls Snorting Bond investors are supposed to be hypersensitive to inflation. Lately, though, they seem to be playing Joe Cool…There is good reason for this. Investors sense that inflation gauges look set to peak and start rolling over by early… Continue reading Inflation Expectations
The Financial Times – A tale of two easings On July 11 the New York Federal Reserve will spend up to $3.5bn buying Treasury bonds, marking the end of the second round of quantitative easing. It looks like investors have been saying farewell to their loved ones. Equity and commodity prices have fallen, along with… Continue reading Preparing For The End Of QE2
The Financial Times – Bernanke hits out at debt ceiling impasse Ben Bernanke has lashed out at Washington’s pitched battle over an increase in the federal debt limit, calling it the “wrong tool” to force changes in fiscal policy. “Failing to raise the debt ceiling in a timely way would be self-defeating if the objective… Continue reading Bernanke Speaks Out On The Debt Ceiling