The Wall Street Journal – Top Fed Official Sees No Need for Fiscal Stimulus at Time of Solid Growth A top Federal Reserve official said that he sees a “reasonable case” to raise short-term interest rates next month and that any new fiscal stimulus approved by lawmakers in Washington could shape the central bank’s expectations for… Continue reading All Eyes On The Fed As The Year Comes To A Close
The Economist – How to spot the next crisis The credit markets are riskier and less liquid than they used to be. This is where trouble may show up first Where might trouble first emerge? The most likely venue is the corporate bond market. This has changed a lot over the past ten years. As late… Continue reading Credit Markets And Spotting The Next Crisis
Comment Today at 9 AM CT (10 AM ET, 7 AM PT and 15:00 GMT), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webinar/teleconference moderated by Jim Bianco. The ability to process large amounts of data efficiently and rapidly through artificial intelligence and machine learning is changing the way we… Continue reading Conference Call Today: Is This The World We Now Live In?
Barron’s – No, Junk Bonds Aren’t Trying to Tell You the Market Will Crash In a note released yesterday, Marty Fridson, Chief Investment Officer at Lehmann Livian Fridson Advisors, asked if high-yield investors had spotted something that stock investors had missed. His answer: No. Instead, he argues that junk bonds and stocks follow each other, and… Continue reading High Yield Rebound Leaves Health Care Behind
Bloomberg – Global Trade Boom Steams Into 2018 as Trump Threatens Barriers Flash PMIs for China’s trade partners show strong momentum It was meant to be the year of the trade war. Instead, it was the year of the trade boom. As 2017 draws to a close, the International Monetary Fund is projecting the volume of trade… Continue reading Business Confidence Reaches All-time High Across Developed Economies
CNBC – Fed Chair Janet Yellen: Rates have to rise to prevent ‘boom-bust’ economy Federal Reserve Chair Janet Yellen said the central bank is concerned with growth get out of hand and thus is committed to continuing to raise rates in a gradual manner. “We don’t want to cause a boom-bust condition in the economy,”… Continue reading Yellen Speaks
#AskNeel You have admitted the Fed has a “third mandate” and are worried about financial instability. What do you look at to gauge “instability” and what is the biggest S&P drop the Fed will accept before intervening — zerohedge (@zerohedge) November 29, 2017 Our job is not to protect investors. Tech bubble bursting didn’t cause… Continue reading The Fed And The Stock Market
Bloomberg – Fed Leak Probe That Toppled Lacker Fizzles With No Leaker Named The Federal Reserve’s Inspector General said nothing about its investigation into a 2012 leak of confidential central bank information in its latest report to Congress, quietly ending a probe that troubled two Fed chairs and toppled a key policy maker. The IG on… Continue reading Fed Declines To Name Medley Leaker
The Wall Street Journal – The Return of the Repo: A Market’s Postcrisis Comeback Repos are one of several markets that played a role in the financial crisis that are now making a comeback a decade on. Volumes in synthetic collateralized debt obligations are edging up, while the leveraged loan market has boomed. In the… Continue reading The Return Of The Repo Market
The Financial Times – Trump nominates economics professor to US Federal Reserve board Donald Trump has nominated Marvin Goodfriend to join the Federal Reserve’s board of governors, as the US president moves to fill a series of vacancies on the powerful body…Mr Goodfriend would bring further expertise in monetary economics to a board that is… Continue reading Filling Fed Vacancies
Bloomberg Business – Bitcoin Just Plunged 20% in a Matter of Hours Hours after surging past $11,000, bitcoin tumbled almost 20 percent from the high, wiping more than $2,000 from its price in five hours. It traded at $9,340 as of 2:52 p.m. in New York. The heaviest selling came amid reports of service outages and delays on… Continue reading Bitcoin’s Wild Day