Newsclips
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May 16, 2011
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Bloomberg.com – Jim Bianco Interview on China’s Economy Jim Bianco, president of Bianco Research LLC, talks about the outlook for China’s banking rules, inflation and economy. China’s central bank yesterday raised banks’ reserve requirements for the fifth time this year. Bianco speaks with Carol Massar and Matt Miller on Bloomberg Television’s “Street Smart.” Comment China… Continue reading China
Bloomberg BusinessWeek – While Muni Fund Investors Flee, Others Pounce Fiscal crises in states and cities have prompted big withdrawals from muni-bond funds. Investors with more risk tolerance are being lured by yields near 4 percent The fiscal crisis in states and cities is a buying opportunity for John Hirsch. He’s been snapping up municipal… Continue reading Munis
Reuters.com – Commodities margins: art, science or politics? Recent nerve-shattering hikes in the amount of money exchanges require to trade commodities have stoked concerns over an often overlooked cornerstone of managing risk in futures markets: setting effective margins. The CME, which operates the world’s leading energy, grain and precious metal markets, portrayed a series of… Continue reading Futures Margins
<Click on chart for larger image> Bloomberg.com – Goldman’s O’Neill Says ‘Black Swan’ Concern Overblown, Stocks Set to Rally Jim O’Neill, chairman of Goldman Sachs Asset Management, said investors should shed their pessimism and stop hoarding cash amid prospects for a global stock rally that could start in China. The view that “the West is… Continue reading The Cash Myth
Calculated Risk (blog) – Reis on Apartment, Office and Mall Trends Apartments: Vacancy rates are falling and rents rising (see: Reis: Apartment Vacancy Rates fell sharply in Q1, Lowest in almost three years). Calanog expects rents to increase 4%+ in 2011 and 2012, and for the apartment vacancy rate to fall to 5.5% this year… Continue reading More On Rising Rents
The Economist – Greece’s debt crisis: Trichet the intransigent The European Central Bank’s refusal to consider a restructuring of Greek debt could wreck the euro zone IF THE stakes were not so high, Europeans’ incompetence in the euro-zone debt crisis would be comic. One year after the Greek rescue was launched, it is manifestly failing… Continue reading Greece
Zero Hedge (Blog) – Alan Blinder Fires First Shot Across QE3 Bow: Says We Need More Stimulus To Boost Employment Well, in an interview with Tom Keene earlier, Blinder fired the first shot across the QE3 bow, telling his Bloomberg host that the US needs “somewhat more” fiscal stimulus once again in order to boost… Continue reading QE3?
The Economist – Commodities markets: A rocky patch Despite a setback the raw-materials boom is not over yet Speculators also came under scrutiny. Most of the trouble began after the Chicago Mercantile Exchange, suspecting a bubble, had raised margin requirements for silver-futures traders three times in a week. “Poor man’s gold”, which was trading at… Continue reading Commodities
<Click on chart for larger image> The Economist – The politics of the pump: A rhetorical blowout America’s politicians cannot control the price of petrol—but they still try THE last time the price of petrol (gasoline) was at its current level, Barack Obama observed in March, “you had all kinds of slogans and gimmicks and… Continue reading Gas Prices
The Wall Street Journal – Stakes Rise on Debt Vote House Republicans Increasingly Question Urgency of August Deadline growing number of House Republicans are expressing doubt about the need to raise the federal debt ceiling by Aug. 2, as the Treasury Department insists is necessary, sharply raising the political and economic stakes as congressional leaders… Continue reading The Debt Ceiling
<Click on graphic for larger image> The Economist – Cover: Silicon Valley and the technology industry Irrational exuberance has returned to the internet world. Investors should beware SOME time after the dotcom boom turned into a spectacular bust in 2000, bumper stickers began appearing in Silicon Valley imploring: “Please God, just one more bubble.” That… Continue reading A New Tech Bubble?