The headline, fictional, seasonally adjusted number for initial unemployment claims of 280,000 left the consensus estimate of Wall Street economists in the dust this morning at 305,000. They had…
Will the ECB’s new lending program really make a difference? Lee Adler gives a definitive answer, tells why, and tells you what to look for to take advantage or protect your portfolio. Subscribers may click here to open or right…
Lee Adler tells CNBC Africa that the Fed may be tapering, but the key to the US market will now be in the actions of the BoJ and ECB. Subscribe to the Professional Edition for my proprietary research.
That surge in the economy that has been falsely promised for five years in a row and that was supposed to solve all problems and rationalize the sky-high stock prices? The Fed has wiped it from its vision of the future.
Softer than expected economic growth in China (see discussion) has finally spurred the PBoC into action. However, rather than undertaking asset purchases that would inject reserves into the overall banking system, the PBoC forced liquidity directly into state-owned banks.
A tincture of green for the early openers: Kiwis +0.4%, Aussies +0.1%, Nikkei +0.7% and Sth Korea -0.2%.
In Aussie sectors, Gold -2.3% is the big loser with REITS/Energy doing a bounce, +0.7%.
A good deal of attention has already been paid to the growing divergence between small cap and large cap stocks so far this year. The former have seen a small decline while the latter have risen about 8%. But I’ve seen very little commentary regarding WHY this might be happening. Of the many divergences the […]
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting today went according to plan, as the Fed will continue to taper bond purchases and is maintaining hushed tones on interest rate increases after the third round of quantitative easing (QE3) ends.
As far as monetary policy is concerned, nothing changed.
While many economists and market watchers have failed to notice, we have entered a new chapter in the short and checkered history of central banking. This paradigm shift, as yet unaddressed in the textbooks, changes the basic policy tools that have traditionally defined the sphere of macroeconomic decision-making.