Newsclips
Discussing Regulatory Relief And Economic Growth
September 26, 2017
Comment Jim Bianco was on Bloomberg TV with David Rosenberg this morning discussing regulatory relief. To view the interview, click on the image above.
Comment Jim Bianco was on Bloomberg TV with David Rosenberg this morning discussing regulatory relief. To view the interview, click on the image above.
MarketWatch.com – Get ready for the stock market’s October surprise You might think that October is an outlier because of the 1987 Crash; on Oct. 19 of that year the Dow fell 22%. But that year accounts for only a small portion of October’s above-average volatility; October tops the monthly volatility rankings even if we exclude… Continue reading Volatility In October
Bloomberg View – Noah Smith: Sizing Up QE Now That It’s Ended Did quantitative easing do any good? It probably helped end the Great Recession, though we’ll never know for sure. What have we learned from that experiment? The answer will be important for future policy makers. Put simply, did QE work? Like all macroeconomic questions, this… Continue reading Judging QE’s Effectiveness
MarketWatch.com – Fed’s Evans won’t support another rate hike until there are ‘clear signs’ of higher inflation Moving without evidence of price pressure could make it harder to reach 2% inflation target, Chicago Fed president says The U.S. central bank should hold monetary policy steady until there are “clear signs” of building wage and price pressures,… Continue reading Fed’s Evans And Kashkari Want To See Higher Inflation Before Another Fed Hike
Project Syndicate – Stephen Roach: The Courage to Normalize Monetary Policy Normalization should not be viewed as an inflation-dependent operation. Below-target inflation is not an excuse for a long and drawn-out normalization. In order to rebuild the policy arsenal for the inevitable next crisis or recession, a prompt and methodical restoration of monetary policy to… Continue reading Why The Fed Should Raise Rates Despite Low Inflation
The Financial Times – The resilience of the Fed’s separation principle The Fed estimates that its asset holdings are currently depressing the premium on a generic 10-year equivalent Treasury by about 100 basis points, which will be down to 85bps by the end of the year the asset runoff begins. The implicit hope is that allowing term premia… Continue reading The Fed’s Separation Principle
Bloomberg Business – Bond Market Carves Path Back to Familiar Territory All this foreign money is helping to suppress long-term U.S. rates, causing the yield curve to hold at some of its narrowest levels in a decade while inflation remains dormant. This is a stark reminder that although the Fed can keep raising short-term rates, until… Continue reading The Bond Market vs Central Banks
The Wall Street Journal – Real Wages Keep Powering Ahead, but Can the Trend Last? You probably can’t tell from looking at your paycheck, but hourly wages in the U.S. are racking up solid gains. That is, if you take very low inflation into account. Average wage growth has been steady, unspectacular and below historic norms… Continue reading Wages Continue To Move Higher
The Financial Times – Brent crude oil hits highest level since July 2015 Brent crude oil rose above $58 a barrel on Monday to its highest in more than two years, lifted by fast-growing demand and a threat to Iraqi Kurdistan’s crude exports as the autonomous region holds a referendum on independence. BP’s top oil trader… Continue reading Crude Oil Rises As Citibank Warns Of An Oil Squeeze
MarketWatch – Passive investing is changing the stock market in ways investors don’t realize Only 77% of the average S&P 500 component’s shares trade on fundamentals now, compared with 95% a decade ago As buying and selling index-funds essentially means buying and selling every component of the underlying index, “less trading is stemming from views on… Continue reading How Passive Investing Is Changing The Stock Market
Bloomberg View – Nicholas Colas: The Real Threats to the Equity Bull Market To continue, high valuations and low volatility require stable economic growth and predictable earnings. The current spate of low volatility is explainable as a function of expected corporate earnings and interest rates. After more than five years of economic recovery, the market… Continue reading Will Poor Earnings And Low Economic Growth End The Bull Market?
Bloomberg Business – Banks Lobbying to Stem MiFID’s Spread Spark a U.S. Client Revolt The new research requirements in Europe are part of a sweeping regulatory overhaul known as the revised Markets in Financial Instruments Directive, or MiFID II. The rules were imposed to give investors more transparency into what they are being charged by brokers,… Continue reading Why Wall Street Is Urging The SEC To Keep MiFID Regulations Confined To Europe