Newsclips
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February 25, 2011
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Comment Jim Bianco was on CNBC discussing market correlations this morning. To view the interview click on the picture above. To view any of our recent interviews click here. We also discussed this topic in our most recent conference call ( handout, transcript, audio, webcast).
The Wall Street Journal – Hedge Funds Prop Up Muni Market—for Now The good news for the municipal-bond market in recent weeks is that some of the world’s biggest hedge funds have been buying billions of dollars in munis. That may also be the bad news…Some high-net-worth investors and mutual funds have been heavy muni… Continue reading 15 Consecutive Weekly Outflows From Muni Funds
Real Time Economics (WSJ Blog) – Fed’s Hoenig: Easy Money And Too-Big-To-Fail Must End Federal Reserve Bank of Kansas City President Thomas Hoenig on Wednesday said the U.S. central bank was risking a new financial crisis with its easy-money policies and urged regulators to break up the biggest banks. Hoenig, one of the Fed’s most… Continue reading Federal Reserve Hawks Continue To Fight The Good Fight
The Wall Street Journal – U.S. Pushes Mortgage Deal The Obama administration is trying to push through a settlement over mortgage-servicing breakdowns that could force America’s largest banks to pay for reductions in loan principal worth billions of dollars. Terms of the administration’s proposal include a commitment from mortgage servicers to reduce the loan balances… Continue reading Mortgage Mods
The Financial Times – How big is the 2011 oil price shock? Each of the last five major downturns in global economic activity has been immediately preceded by a major spike in oil prices. Sometimes (e.g. in the 1970s and in 1990), the surge in oil prices has been due to supply restrictions, triggered by… Continue reading Crude Oil Continues Its Rise
The Wall Street Journal – Distressed-Debt Holders Fare Better Investors holding debt of troubled firms faced big losses during a wave of company defaults that came after the 2008 financial crisis. But they actually fared better than in past recessions. Creditors of troubled firms recovered nearly 55 cents on the dollar on average during a… Continue reading Distressed Bonds
<Click on chart for larger image> The Wall Street Journal – Illinois Bond Sale Gets Done at a Cost Illinois enticed hedge funds, mutual funds and non-U.S. buyers to purchase $3.7 billion in new pension bonds, but the cash-strapped state had to pay dearly to get the deal done. Illinois officials were forced to promise… Continue reading State Budgets
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Charts of the Week Topics Covered This Week Include: Rising Crude Oil Prices Retail Gas Prices Home Prices Fall Again Food Prices Food Prices – 2 The Mysterious ECB Borrower Is Revealed The PIIGS Precious Metal ETF Assets Cash On The Sidelines POMO And The Stock Market How Have Bank Stocks Been Performing? Emerging Market… Continue reading Untitled
MarketWatch.com – Paul B. Farrell: Market Crash 2011: It will hit by Christmas Commentary: The S&P 500 is worth only 910. Get out or lose big Your brain needs to believe lies; Wall Street loves telling lies: “Average Bull is 3.8 years: We’re not at 2 yet.” More upside. Wall Street loves it. The Wall… Continue reading A Historical Perspective On The S&P 500′s Performance Since The March 2009 Low
<Click on chart for larger image> 24/7 Wall Street (Blog) – In Housing Trouble, The Seeds For Recovery There was not a bit of good news in the S&P/Case-Shiller data about the housing market for the last quarter of 2010. The National Index was down 4.1% from the same period last year. Many markets reached… Continue reading Will Housing Ever Recover?