The Traderszone Network

White House chief economist Jason Furman noted one positive from the March job report is that real weekly earnings are speeding up but a former aide to Vice President Joe Biden thinks he is being overly optimistic.
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Can you say “precedent-setter”? In a move presaged by objections from politicians and some smaller EU financial institutions, Landeskreditbank Baden-Württemberg (or “L-Bank”, as its friends affectionately call it) is suing the ECB in a bid to avoid falling under the central bank’s direct supervision. L-Bank, a German development bank with some €71 billion in assets, argues that ECB supervision will subject it to onerous bureaucratic procedures and fees (imagine that), which it contends will prevent it from extending credit to local borrowers.

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Global investors who were lining up at the gates are getting ready to move in.

Submitted by Lance Roberts via STA Wealth Management,

Byron Wien, Vice Chairman of Blackstone Advisory Partners, LP and senior advisor to the firm, recently penned an interesting article entitled “Exploring 4 Myths.“

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The weak March job report is likely to delay the Fed’s first rate hike from June until later this year, economists said.
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The recent wage hikes and other employee-friendly moves from Wal-Mart Stores and McDonald’s sent their stocks lower, but some studies suggest these short-term cost could pay off for shareholders in the long run.
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Former head of Lehman will make his first major public address since his firm went bankrupt in 2008.
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