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What Hurricane Sandy Means For The US Economy
Estimates of economic damage from Hurricane Sandy are now ranging between $30 - $50bn. This is clearly a large number.LA Times: - Estimates of the economic losses caused by Hurricane Sandy earlier this...
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China's Non-Manufacturing Industry Rebounded Sharply Last Month
Nov. 4 (Bloomberg) -- China’s non-manufacturing industries rebounded from the slowest expansion in at least 19 months, adding to signs the world’s second-biggest economy is recovering after a...
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Here Comes Another Huge Week — And There's So Much That Could Go Wrong
Given Hurricane Sandy and all of the economic data and earnings releases that were compressed into a shortened week this week, markets didn't move much.With presidential elections in the U.S. and a...
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A Critical And Close Vote Is Happening In Greece This Week — Here's What You...
ATHENS (Reuters) - Talk of Greece exiting the euro will end after critical votes in parliament this week on new austerity measures, labor reforms and the 2013 budget, Greek Prime Minister Antonis...
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NATE SILVER: Obama's Odds Of Winning Have Now Hit 85%
With two days to go, Obama's odds of winning re-election have reached their highest level ever, according to New York Times polling guru Nate Silver.Betting markets Intrade and Betfair also show the...
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While Nobody Was Paying Attention, The Bank Of Japan Took A Surprise Step...
Over the past few weeks, there's been a growing buzz about central banks playing a greater role in explicitly serving as funders of government.The idea that people (journalists and Wall Streeters,...
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A Quick Reminder About Which Industry Is Really Creating The Jobs Of The Future
As we've pointed out in the past, the industry of the future is healthcare.The following chart is based on Friday's jobs report, and it shows two things. The blue line is the total number of healthcare...
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The Difference Between Bush's First Term Vs. Obama's First Term In One...
With the release of Friday's jobs report -- the last one before the election -- we thought it made sense to update one of our favorite charts comparing Obama's first term vs. George W. Bush's first...
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The Final NBC Poll Shows An Insanely Tight National Race
WSJ/NBC has released its final poll, and they're showing it incredibly close.A new Wall Street Journal/NBC News poll of likely voters finds Mr. Obama leading his rival by a nose, 48% to 47%, as the two...
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Jim Cramer's Brilliant Explanation Of Why He's Predicting A Gigantic Obama...
Jim Cramer raised some eyebrows this weekend, with a prediction that Obama will win the electoral college 440-98, a scenario that seems virtually impossible.So why is Cramer so far outside of...
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Obama's Approval Rating Is Soaring At Exactly The Right Time
President Barack Obama has seen his approval ratings rise in multiple polls over the past week, putting him in a good position with Election Day right around the corner. Typically, Gallup has found,...
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The ECB Is Investigating An Accusation That It Broke Its Own Rules When...
BERLIN (Reuters) - The European Central Bank (ECB) is checking whether it may have contravened its own strict rules by lending to Spanish banks on overly generous terms, an ECB spokeswoman said on...
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Brilliant Gas Station In New Jersey Now Using Generator To Pump Gasoline
UPDATE: Nov. 4 - One gas station in Little Ferry, NJ still without power is now using a gasoline powered generator to pump gasoline in small quantities. Gas lines in the area continue to stretch for...
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GALLUP: Consumer Confidence Is Surging, And Unemployment Keeps Going Lower
Consumer confidence is straight up surging according to Gallup.And the firm's unemployment tracking is at post-crisis lows.Please follow Money Game on Twitter and Facebook.Join the conversation about...
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REUTERS POLL: The Race Is Dead Even, But Obama Is Crushing Mitt Romney In The...
With three days to go until Election Day, a new Reuters/Ipsos poll released today shows President Barack Obama maintaining his advantage over Mitt Romney when it comes to the electoral college...
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MELTDOWN COMING: Canada Is Bleeding Private Sector Jobs, And Its Housing...
The Financial Post has an interesting story on the state of the Canadian jobs market. It seem over 100% of job growth is from government jobs. Please consider Employment numbers hide the fact Canada is...
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US Gas Prices Are Falling At Their Fastest Rate In 4 Years
NEW YORK, Nov 4 (Reuters) - The average U.S. price for a gallon of regular gasoline took its biggest drop since 2008 in the past two weeks, due to lower crude oil prices, a big price drop in pump...
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Obama Is Crushing Mitt Romney In A Key Polling Indicator
With less than 48 hours to go until voters cast their ballots, the presidential race is still in a dead heat, with national polls showing President Barack Obama and Mitt Romney virtually tied for the...
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Trillions Of Dollars Worth Of Stocks May Have Been Damaged By Hurricane Sandy
First of all: the answer to the title question is, as far as I can see: no. But it's almost certainly a whole lot more than the $50 billion reported today, and that $36.5 trillion amount doesn’t come...
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CHANOS: China Has Just Entered The Credit Python's Deleveraging Digestive Tract
Recent economic data out of China suggest the country's slowdown may be ending. This has caused China's stock market to rebound in recent periods. And many economists warning of a hard economic...
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