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Conference Call Thursday – Five Themes To Watch In 2018
December 19, 2017
On Thursday, December 21, 2017 at 9:30 AM CT (10:30 AM ET, 7:30 AM PT and 15:30 GMT) Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webinar/teleconference moderated by Jim Bianco. Please join us Thursday as we discuss things to watch in 2018. 1. When will the record risk-on period end?… Continue reading Conference Call Thursday – Five Themes To Watch In 2018
Newsclips
Well-being’s Impact on Productivity
December 19, 2017
Summary We aim to explain relative productivity by each state using the biases and sentiment derived from Google search trends. The increasing rate of mental illness and addiction along with higher use of social media appears to correlate with weaker productivity. Comment The chart below shows one-year trading ranges (max-min) for U.S. 10-year note yields… Continue reading Well-being’s Impact on Productivity
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Rural America Left Behind in Retail Rebound
December 19, 2017
Indeed.com – Retail Jobs Decline Hits Rural America Hardest Amazon and other e-commerce companies are thriving while brick-and-mortar retail stores are struggling. This nationwide trend affects every part of America, but, according to Indeed research, small metropolitan and rural areas are getting hit hardest. As far as retail jobs are concerned, the rural/urban split is stark. Retail… Continue reading Rural America Left Behind in Retail Rebound
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Munis Looking Forward to Favorable Economic Conditions and Seasonals
December 19, 2017
Summary Municipal bonds have stumbled into year-end, but the tax plan and ensuing supply shock will likely be overshadowed by a favorable economic and interest rate environment. Seasonals and a reluctance by bond investors to drive long-end U.S. Treasury interest rates higher produce a positive return estimate for Q1 2018. Comment The chart below shows… Continue reading Munis Looking Forward to Favorable Economic Conditions and Seasonals
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The Yield Curve As An Indicator Of Recession
December 19, 2017
Reuters – Jamie McGreever: Yellen’s yield curve musings a worrying echo of Greenspan & Bernanke Janet Yellen used her last press conference as Fed Chair to muse that a flat yield curve should not be interpreted as a sign that the economy is heading for a slowdown. In other words, “This time it’s different”. Seasoned… Continue reading The Yield Curve As An Indicator Of Recession
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The Fed And Inflation
December 19, 2017
Bloomberg.com – Goldman Says Growth Is Bigger Fed-Hike Factor Than Market Thinks “While we believe the heightened market focus on price and wage data is indeed warranted, we think the market may be under-appreciating the importance of growth indicators for the monetary policy outlook,” the Goldman analysts wrote. “The Fed does not require rising or… Continue reading The Fed And Inflation
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Central Banks And Big Data
December 19, 2017
Bloomberg.com – How Central Banks Are Using Big Data to Help Shape Policy ‘I do not fear computers. I fear the lack of them’: MAS exec Asia getting big data seers, ECB creating alternate indicators Earlier this year, Federal Reserve Chair Janet Yellen professed that officials at the U.S. central bank are “excited about and… Continue reading Central Banks And Big Data
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Money Markets
December 19, 2017
The Wall Street Journal – Money Markets Are Going Haywire, Blame the Government Rules on bank capital were supposed to make markets safer and more transparent; that is not what has happened Forget the Santa Rally and the last-minute shopping for bitcoin. The real year-end action is in the money markets, and it’s thanks to banks manipulating… Continue reading Money Markets
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Are Things Getting Better?
December 19, 2017
CNBC – Economic optimism soars, boosting Trump’s approval rating: CNBC survey The CNBC All-America Economic Survey polled 800 adults across the nation. For the first time in at least 11 years, more than half of the respondents to the survey rated the economy as good or excellent. Forty-one percent expect the economy to improve in… Continue reading Are Things Getting Better?
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Cryptocurrencies Not Named Bitcoin
December 19, 2017
The Wall Street Journal – Which Digital Currency Will be the Next Bitcoin? Litecoin is benefiting from bitcoin’s surging popularity Litecoin, launched in 2011 and the first major alternative version of bitcoin, is especially benefiting from bitcoin’s surging popularity. For one thing, several industry insiders have noted, Coinbase’s online exchange GDAX supports trading of the… Continue reading Cryptocurrencies Not Named Bitcoin
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Record Corporate Borrowing In 2017
December 19, 2017
The Financial Times – Companies drive borrowing binge to record $6.8tn in 2017 Low interest era sees companies and sovereigns tap debt market via syndicated sales The tally for this year, which includes sales by government agencies such as Fannie Mae and Freddie Mac, surpassed 2016’s record late on Monday. The $6.8tn figure includes the… Continue reading Record Corporate Borrowing In 2017