BlackRock lists Ukraine among the biggest threats facing the markets
Breakfast with Benjamin: BlackRock calls Ukraine a market threat. Plus: JPMorgan gets a slap on the wrist from Finra, Yellen ponders fuzzy unemployment data, where the gold rally is headed from here, and the emergence of subprime business loans.
- Ukraine tops the list of four things BlackRock says we should be worried about this summer. The risk is not going away. See also, Europe, China, and the U.S. bond market
- JPMorgan settles with Finra for improperly reporting bond trades. The $95k fine amounts to about three minutes worth of the bank’s annual profit. Upholding the integrity of the bond-price reporting system
- Five years after the financial crisis, the employment recovery is nowhere to be found in those states worst hit by the housing bubble. For Janet Yellen, it translates into another reason to be cautious about raising interest rates. Employment data can’t be relied on as a sole measure of progress
- The price of gold is up about 8% this year, but this might be just the beginning of the rally. Institutional investors are buying in
- Subprime business lending creeps up as the latest get-rich-quick scheme. The mortgage brokers prefer the term “alternative”
Learn more about reprints and licensing for this article.