How Jos. A Bank Makes Money By Selling One Suit And Giving Seven Away For...
Jos. A Bank is the menswear retailer that offers the most ridiculous discounts you've ever heard of.You may have heard of their newest promotion: Buy 1, Get 7 Free. You buy 1 suit at regular price,...
View ArticleCHINA MANUFACTURING ACTIVITY PICKS UP, EMPLOYMENT FALLS
China's official November manufacturing PMI just came out.The good news is that the measure climbed to 50.6 from 50.2 a month agoHowever, it was a tad below economists' expectation of 50.8.Any reading...
View ArticleTonight's Chinese Manufacturing Report Was A Big Green Shoot
China's official manufacturing PMI report climbed to 50.6 from 50.2 a month ago. However, the number was shy of the 50.8 forecast by economists.So was this a disappointing report?Not when you look at...
View ArticleIT'S OVER: Why Everyone Is Losing Hope For Green Energy
On the surface, green energy sounds like a great idea.Unfortunately, it is extremely costly and requires heavy government subsidies.Last year, the epic downfall of Solyndra— the former solar cell...
View ArticleQ4 GDP Is Tracking Very Weak...
Early estimates for Q4 GDP are now ranging between 1-2%. ”Muddle through” might be an overstatement….Here’s more details via the WSJ:Macroeconomic Advisers chopped three-tenths of a percentage point...
View ArticleAnalyst Makes Bombshell Prediction Of $50 Oil, And More Production Than We...
For the US economy, this would be a 'Black Swan' of a totally different variety.In Bank of America/Merrill Lynch's 2013 Energy Outlook, analyst Sabine Schels and colleagues make a shocking prediction...
View ArticleThe Only Analysis You Need To Read On The Latest Deal To Save Greece
It seems like ages ago now, but on Monday of this past week, Eurozone leaders in Brussels came up with a deal to give Greece another big aid tranche, while also taking concrete steps to lower its...
View ArticleIt's Going To Be An Enormous Week For The US Economy
The first week of every month is always a busy one for economic data. You have Global PMI day (which is at the start of every month) and you get key data like construction spending, non-farm payrolls,...
View ArticleWALL STREET: Here's What The Stock Market Will Do In 2013
At the beginning of the year, 16 U.S. equity strategists we followed said they were looking for the S&P to end the year at 1,363.The S&P closed at 1,416 on Friday.As the year enters its final...
View ArticleThe Fiscal Cliff Chart That's Making The Media Look Ridiculous
The coverage of the Fiscal Cliff has been breathless (countdown clocks, zany graphics) and uninformative.There's plenty of time to reach a deal, and yet every utterance is being treated as though it's...
View ArticleHEDGE FUNDS: The Japanese 'Widowmaker' Trade Is Finally Going To Work
In finance, the "Widowmaker" trade basically means one thing: Shorting Japanese Government Bonds (JGB) and inevitably losing money.Because of Japan's gigantic national debt, and because the Japanese...
View ArticleThe Drop In Unemployment Won't Change The Labor Market
An influential Federal Reserve official on Thursday signaled some support for further asset purchases in the new year, arguing that recent improvement in U.S. jobs growth is still not enough to...
View ArticleThere's Been A Staggering Collapse In Small Business Optimism Since The Election
Pretty intense Gallup poll showing massive collapse in small-business owner attitudes since the election. Note that small business owners tend to be pretty conservative, and were very anti Obama (HT:...
View ArticleGOLDMAN: Here's How To Kill It In The Stock Market In 2013
Goldman came out with its 2013 equity outlook this week, and it's very bullish.The call made by David Kostin is for the S&P to gain 12% from here, anding 2013 at 1575. If you add in dividends, the...
View ArticleHow Hurricane Sandy Could Wreak Havoc With The Coming Jobs Report
The Non-Farm Payrolls report is coming out Friday, and there's an added air of tension.For one thing, it's always a blue-chip report. For another thing, there's been some weakish data lately. And...
View ArticleThis Goofy Diagram Does A Remarkably Good Job Explaining What's Happening In...
In a note authored Astrid Schilo of Exane BNP Paribas on the politics and disfunction of the Eurozone, this drawing is shown to describe the current situation.This is really the story of the year in a...
View ArticleInfamous Macau Gangster 'Broken Tooth' Has Been Released From Prison
Dec. 1 (Bloomberg) -- The Macau gangster known as “Broken Tooth,” once accused of planning to kill the police chief of the city that turned into the world’s biggest casino hub, was released after more...
View ArticleSkepticism About Low Interest Rates Is Holding Up The Recovery
The complex effects of low interest rates on consumption and investment.When interest rates hit double digits in the late 1970s, house-builders sent planks of wood to the Federal Reserve in...
View Article9 Charts That Show Why People Have Begun To Whisper About 'Saudi America'
Earlier today we reported on the BofA/ML analyst who thinks it's possible that in the next 24 months, prices of West Texas Intermediate crude (the benchmark for US-borne oil) could fall to...
View ArticleMary Schapiro's Resignation From The SEC Was Totally Unsurprising
The unsurprising resignation of Mary Schapiro, head of the Securities and Exchange Commission (SEC), announced on November 26th, was followed by an unsurprising flurry of statements dripping with faint...
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