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Newsclips

The Government Needs To Stop Telling Taxpayers TARP Will Be Profitable

March 17, 2011

The Wall Street Journal – TARP Was No Win for the Taxpayers Today the Senate Banking Committee will explore the Troubled Asset Relief Program (TARP). Almost 30 months after its birth, TARP is far from dead. More than 550 banks, AIG, GM, Chrysler and others still have approximately $160 billion of taxpayer money outstanding. Even… Continue reading The Government Needs To Stop Telling Taxpayers TARP Will Be Profitable

Newsclips

The LIE-BOR Drama Moves Forward

March 17, 2011

The Financial Times – Banks served Libor subpoenas Regulators probing alleged manipulation of a key interbank lending rate have focused their demands for information and interviews on five global banks, according to people familiar with the investigation. UBS, Bank of America, Citigroup and Barclays have received subpoenas from US regulators probing the setting of the… Continue reading The LIE-BOR Drama Moves Forward

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Newsclips

Is Gold A Safe Haven?

March 17, 2011

<Click on chart for larger image> The Financial Times – Gold goes missing when times get hard Sure, gold might receive some haven flows at times of political and geological upheaval or dollar weakness, but when the market itself is really thrown into a funk – like that witnessed this week – the metal is… Continue reading Is Gold A Safe Haven?

Market Talk

The Purpose Of POMO, To Make The Dealers Money

March 17, 2011

Zero Hedge (Blog) – POMO Extended Until 12:05 PM, Monetization Market Conditions, And Primary Dealers Permitting More color from Jim Bianco: At a few minutes before 11AM ET as the Fed was collecting bids for yesterday’s POMO (5 year sector today), old recycled headlines hit the wires that the Japanese have “lost control” of the… Continue reading The Purpose Of POMO, To Make The Dealers Money

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Newsclips

Move Over Zimbabwe, There’s A New Hyper-inflationary Sheriff In Town

March 17, 2011

BBC News – UK inflation rate rises to 4% in January The UK Consumer Prices Index (CPI) annual inflation rate rose to 4% in January, up from 3.7% in December, as the effects of the VAT rise were felt. Higher oil prices also meant inflation remained well above the 2% target. Retail Prices Index (RPI)… Continue reading Move Over Zimbabwe, There’s A New Hyper-inflationary Sheriff In Town

Newsclips

Cartoons

March 17, 2011

None Today

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Charts of the Week

Untitled

March 16, 2011

Charts of the Week Topics Covered This Week Include: The Myth Of Cash On The Sidelines Revisited The Myth Of Cash On The Sidelines Revisited -2 How Much Have The Credit Markets Really Shrunk? Will Anything Be Sold To Pay For Japanese Reconstruction? Will Anything Be Sold To Pay For Japan Reconstruction? – 2 What… Continue reading Untitled

Market Talk

Will Anything Be Sold To Pay For Japanese Reconstruction?

March 16, 2011

The Financial Times – Lex:  Reinsurers and Japan Investors are right in one sense: the money needed for re-building Japan must come from somewhere. But they are wrong to assume that catastrophes are necessarily bad for reinsurers. For a start, insurance cover varies greatly. In Japan, the government, not private companies, will provide most of… Continue reading Will Anything Be Sold To Pay For Japanese Reconstruction?

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Newsclips

Japan And The Markets

March 16, 2011

<Click on chart for larger image> Comment Jim Bianco was on Bloomberg TV (video above) and CNBC (video below) discussing Japan and the markets yesterday. To view the interviews click on the pictures. To view any of our recent interviews click here. The Wall Street Journal – Central Bank Is Likely to Take More Emergency… Continue reading Japan And The Markets

Newsclips

The Federal Reserve

March 16, 2011

fomc0315 The Wall Street Journal – Fed Leaves Policy Unchanged Amid Global Shocks The Federal Reserve kept its easy-money policies intact as markets reeled from a series of global shocks that could upset a firming U.S. recovery, which Fed officials indicated was just starting to take hold. Fed officials also said the strong rise in… Continue reading The Federal Reserve

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Newsclips

LIE-BOR

March 16, 2011

Bloomberg Businessweek – UBS Says U.S. Is Probing Possible Libor Rate Manipulation UBS AG, Switzerland’s biggest bank, said it received subpoenas from U.S. authorities investigating possible attempts to manipulate the setting of the London interbank offered rate. The company received subpoenas from the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission and… Continue reading LIE-BOR

Newsclips

Rebuilding Japan

March 16, 2011

Bloomberg.com – Caroline Baum: Earthquakes Don’t Add Up to Wealth of Nations It takes another kind of crisis, specifically the earthquake and tsunami that devastated the northeastern coast of Japan last week, to expose the Keynesian fallacy that the government can spend its way to prosperity. For that reason, Acts of God provide a teaching… Continue reading Rebuilding Japan