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Friday, June 1, 2012 9:30 am
Source: Bianco Research The table above was constructed right before the payroll report. It shows a snapshot of the lowest 10-year yields on the planet. The US has the 11th lowest 10-year yield. The Swiss yield of 0.48% is the lowest 10-year ever recorded anywhere. As much as the US 10 year is [...]
Full ArticleFriday, June 1, 2012 9:00 am
Source: Facebook: Fatal Blow to Retail Investors or Were Equities Already ‘Dead’?
Full ArticleFriday, June 1, 2012 7:50 am
I did a rather lengthy interview with the delightful Wally Forbes last week. It went up on the Forbes site yesterday afternoon, and is worth a read: Here’s an excerpt “I may have mentioned this last time we spoke. In a secular bear market, like 1966-1982 bear or the secular bear market that began in [...]
Full ArticleFriday, June 1, 2012 7:36 am
4/12/2012 5:03:22 PM The IMF is raising its forecasts for global growth from levels it expected in January, but there is still a “high degree of instability” in the world economy, Managing Director Christine Lagarde says in an interview with the WSJ’s David Wessel.
Full ArticleFriday, June 1, 2012 6:41 am
My morning mostly NFP-free reads: • Dan Gross: May’s Jobs Report Disappoints Across the Board (Contrary Indicator) • The New Fear Gauge: Treasury Yield (WSJ) • Gold Poised For Worst Monthly Run In 11 Years On Europe (Bloomberg) • On Facebook, ‘Likes’ Become Ads (NYT) see also Some teens aren’t liking Facebook as much as [...]
Full ArticleFriday, June 1, 2012 5:30 am
Japanese capital spending (ex software) rose by +3.5% YoY in the 1st Q, slightly lower than the increase of +4.9% in the previous Q. Post tsunami spending is helping, but the economy will face headwinds in the 2nd half of the year; The official Chinese PMI fell to 50.4, from 53.3 in May, lower than [...]
Full ArticleFriday, June 1, 2012 5:24 am
Payroll gains totaled a gain of just 69k, well below expectations of 150k and the two prior months were revised lower by 49k. The private sector added only 82k, half of what was expected. The unemployment rate ticked up to 8.2% from 8.1% as the gain of 422k in the household survey (a bright spot [...]
Full ArticleFriday, June 1, 2012 5:00 am
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Full ArticleFriday, June 1, 2012 4:15 am
Is this the big one? That is the question that a few smart observers have raised, wondering if this NFP report might be the one that convinces folks that the overall direction of the economy has changed. Have a look at this chart from David Leonhardt at Economix: Net new jobs has clearly been [...]
Full ArticleFriday, June 1, 2012 3:49 am
Capital Standards and Gold Bob Eisenbeis May 31, 2012 Rumors have begun to circulate that the Basel Committee on Supervision is considering modifications to the draft proposals for Basel III standards by changing the risk weights for capital standards by moving gold asset holdings from Tier 3, which has a 50% risk [...]
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