Comment Jim Bianco was on Consuelo Mack’s Wealthtrack on Friday with Thyra Zerhusen of Aston/Fairpointe. Jim discussed QE, inflation and gold/silver. To view the interview click on the image above. To view any of our recent interviews click here.
Zero Hedge (blog) – Shanghai To Lower Silver Margins For Second Time In Two Days If No Wild Swings In Price Today More from Dow Jones: The bourse has been adjusting trading margins and both upper and lower limits in recent days as part of its normal operations in monitoring and curbing price volatility. On… Continue reading Commodities Margins
Comment This is an update from last month: The table below shows the results of Bloomberg’s survey of economists. It details economists’ expectations for 10-year Treasury yields over the next six months. For those familiar with this survey, we use the quarter-end results closest to six months into the future. See the bottom of the… Continue reading Can We Have A Bond Debacle When Everyone Is Forecasting It? – 99% Bearish Edition
The Wall Street Journal – As Debt Limit Reached, Agreement Still Far Off The U.S. government is expected to hit the $14.294 trillion debt ceiling Monday, setting in motion an uncertain, 11-week political scramble to avoid a default. The Treasury Department plans to announce Monday it will stop issuing and reinvesting government securities in certain… Continue reading Two Views On The Debt Ceiling
The Wall Street Journal – Economists in Survey Discount Inflation Most economists in the latest Wall Street Journal forecasting survey agree with the Federal Reserve that severe inflation pressures are “transitory” and price increases will be more moderate through next year. “The recent pace [of inflation] can’t be sustained, but food and energy will continue… Continue reading Two Views On Inflation
<Click on chart for larger image> The Independent (UK) – Stephen Foley: Money market funds are still an accident waiting to happen US Outlook: So farewell then Sheila Bair. America’s most ferocious regulator says she will step down when her term as chairman of the Federal Deposit Insurance Corporation (FDIC) ends in July, robbing government… Continue reading Two Views On Money Market Funds
<Click on chart for larger image> The Wall Street Journal – Edward P. Lazear: Why the Job Market Feels So Dismal The number of hires is the same today as it was when we were shedding jobs at record rates Why don’t American workers feel that the labor market is on the mend? After all,… Continue reading Employment
Bloomberg BusinessWeek – The Destruction of Economic Facts Renowned Peruvian economist Hernando de Soto argues that the financial crisis wasn’t just about finance—it was about a staggering lack of knowledge During the second half of the 19th century, the world’s biggest economies endured a series of brutal recessions. At the time, most forms of reliable… Continue reading Do Economist Know Anything?
The New York Times Magazine – Gold Mania in the Yukon Behind this stampede is the rising price of gold, and behind this price is fear. As the Federal Reserve keeps interest rates very low to stimulate the economy, gold bugs make nightmarish predictions that loose money and a huge federal deficit will crush the… Continue reading Gold
Reuters – Israel-Palestinian violence erupts on three borders Violence erupted on Israel’s borders with Syria, Lebanon and Gaza on Sunday, leaving at least eight dead and dozens wounded, as Palestinians marked what they term “the catastrophe” of Israel’s founding in 1948. Israeli troops shot at protesters in three separate locations to prevent crowds from crossing… Continue reading An Unstable World
The Wall Street Journal – UPDATE: Charles Schwab Posts April Asset Outflows Charles Schwab Corp. (SCHW) said its clients withdrew $500 million in assets in April as the online brokerage reported what analysts say is its first month of client asset outflows in ten years, absent special circumstances. Schwab, the largest discount brokerage by client… Continue reading Client Outflows At Schwab
MarketWatch – IMF’s Strauss-Kahn in custody over sexual assault Dominique Strauss-Kahn, the head of the International Monetary Fund, was reportedly in custody late Saturday in connection with an alleged sexual assault at the Sofitel hotel in Manhattan. A cleaning woman at the hotel was reported to have said Stauss-Kahn forced her onto a bed and… Continue reading DSK