HOISINGTON: The Fed Has Failed And Will Continue To Fail To Grow The Economy
The Hoisington Quarterly Review and Outlook is one of the cornerstones of my reading on where the economy is headed. Van Hoisington and Lacy Hunt do a masterful job of turning data points into cogent,...
View ArticleRomney Holds Onto Huge Lead In Gallup
Still Romney +6 in Gallup, now with two days of post-debate polling. The worse news is actually on the Registered Voter front, where Obama dropped another point, and now lags by 2. Please follow...
View ArticleIf Japan's Lost Decade Is Any Lesson, America's Youth Are Completely Screwed
In the mid and late 90s, Japan experienced a deep recession that was mainly rooted in a collapse of land and property prices and the aftermath of sovereign debt crises in other East Asian countries....
View ArticleAha! Here's The REAL Reason Corporate Executives Are Freaking Out About The...
Panic over the fiscal cliff is so widespread, one might forget why people are panicking about it. After all, the fiscal cliff is a major deficit reduction event, and reducing the deficit is a very...
View ArticleHyperinflation Can't Happen Because Deleveraging Has Only Begun
It's time we do away with the notion behind the incessant flow of stories and warnings about upcoming hyperinflation in the US. It can't and therefore won't happen, at least not for years into the...
View ArticleHow I Caused The 1987 Crash
I got a chuckle from the biz blogs and TV yesterday with the rehash of the 1987 stock crash. Twenty-five years is a very long time. I’d forgotten most of the events of that day. I was at Drexel, and at...
View ArticleAnother Supermarket Chain Will Permanently Stop Selling Sprouts Due To...
Elizabeth Weise, USA TODAY Kroger , the nation's largest supermarket chain, has announced it will stop selling sprouts on Monday because of their "potential food safety risk." It joins retail behemoth...
View ArticleSo Far, This Has Been One Of The Most Unimpressive Bull Markets Ever
The S&P 500 is up 116 percent since it hit its low on March 9, 2009. Many market skeptics point to this huge run-up as a reason to be worried. However, it's worth noting that this isn't the fastest...
View ArticleDER SPIEGEL: Germany Is Considering A Buy-Back Plan To Slash Greece's Huge...
BERLIN (Reuters) - Germany's Finance Ministry is considering a debt buy-back as a possible way of reducing Greece's huge debt pile which threatens to rise well above a target level of 120 percent of...
View ArticleObama's Dropping On Intrade Again, But Nate Silver Says His Lead Is Increasing
Obama's odds of winning re-election are now between 60%-70%, according to the three sources we're tracking: Nate Silver's aggregate poll forecast Intrade's prediction market Betfair's prediction market...
View ArticleWSJ POLL: IT'S A DEAD HEAT
New poll out from WSJ saying it's an absolute dead heat tie: 47%-47% in the Presidential race. Among likely voters, the candidates are now tied, 47% to 47%, in a race that appears on track to be one of...
View ArticleEvery Investor And CEO Needs To See This Chart Before The Fiscal Cliff Is Hit
Yesterday we wrote about Jonathan Chait's assertion that the Fiscal Cliff is an event that moves policy far to the left, and that that explains why conservatives and corporations are freaking out so...
View ArticleGALLUP: Mitt Romney Expands His Lead To An Enormous 7 Points
Republican Mitt Romney has expanded his lead in Gallup's daily tracking poll to 7 points among likely voters, an increase of a point from Saturday. The 52 percent to 45 percent lead matches Romney's...
View ArticleAND NOW: Americans Are Finally Going To See An Increase In Wage Growth
With leading indicators like per-capita initial claims edging into the top 30% of all desirable readings (figure 1), the unemployment rate at a post-recession low of 7.8%, and the S&P 500 now less...
View ArticleFollow Here For Updates From The Crucial Election In Spain
From El Pais is this handy widget on the regional elections in Spain. The big one to watch? The regional election in Galicia. It would be good news for the government if the party of Mariano Rajoy (the...
View ArticleSuddenly, Everyone On Wall Street Is Taking The 'Red Pill' Of Economics
On Saturday, we wrote that more and more people are starting to wonder if central banks like the Bank of England and The Fed can just "rip up" the debt that they've bought via Quantitative Easing, and...
View ArticleThe Only Sentence You Need To Read On This Weekend's Spanish Elections
There were regional elections in Spain. The party of Prime Minister Mariano Rajoy took the majority of seats in the Galicia region, and got trounced (as expected) in the Basque region. But really, the...
View ArticleThe Weekend Is Over, And Japan Is Down 1.5%
Markets are deep in the red early in the Asian trading session. Japan's Nikkei is down 1.2 %. Australia's S&P/ASX is down 0.9%. Moments ago, Japan reported that its exports plunged 10.3 percent in...
View ArticleCaterpillar Announces Earnings On Monday — Here Are The 4 Questions We Want...
Global machinery giant Caterpillar reports third quarter earnings at 7:30 AM ET. A survey of analysts polled by Bloomberg revealed consensus estimates for earnings per share of $2.23. As the world's...
View ArticleCHART: 30 Years Of Global Economic Synchronization
It's no secret that the world's economies are increasingly tied together. "Globalization and increasingly coordinated and forceful (monetary) policy efforts have raised the correlation of economic...
View Article