Bernanke Is Ignoring Unemployment Because It's Harder To Tackle Than Inflation
Low inflation and full employment have been statutory goals of the Federal Reserve since 1977, but its officials always felt more comfortable with the first than the second.After all, in theory...
View ArticleThe Worst Chinese Stimulus Projects Of 2012
While economists began the year feeling bearish about China’s slowing growth, they have perked up about the nation’s prospects since the government confirmed it would continue with stimulus policies it...
View ArticleBILL GROSS: We Need A Fiscal Cliff Deal Or Else We'll Go Into Recession And...
With the fiscal cliff looming closer, Democrats and Republicans still haven't arrived at a compromise. Markets jumped on news that president Obama would meet with Speaker John Boehner at the White...
View ArticleA Critical Chinese Economic Report Is Coming Out Tonight
At 8:45 PM EST tonight, we'll get the HSBCFlash manufacturing PMI report.Economists expect the number to rise to 50.8 from 50.5 a month ago.Overall, the recent data out of the world's second largest...
View ArticleJapan's Big Manufacturers Haven't Been This Pessimistic In 3 Years
Japan's large manufacturer Tankan survey fell to -12 from a previous reading of -3.Economists were looking for the metric to fall to -10.Negative number means that the pessimists outnumber the...
View ArticleThe Rise Of Shale Gas Production Is Breathtaking [Chart]
Amazing chart from Credit Suisse, which is out with a big report on "The Shale Revolution":The first line of the report is modest: "The global unconventional shale boom is arguably one of the biggest...
View ArticleThe Moment That Mario Draghi Clinched His Victory As 2012's Person Of The...
ECB chief Mario Draghi was awarded Person Of The Year for 2012 by the FT today.The exact moment he really did so was on July 26, when he said: "Within our mandate, the ECB is ready to do whatever it...
View ArticleBoehner And Obama Had Another Fiscal Cliff Meeting Tonight, And It Sounds...
Republican House Speaker John Boehner and President Barack Obama met again at the White House Thursday evening to take another stab at reaching a deal to avoid the fiscal cliff. Neither party has...
View ArticleCHINESE FLASH PMI HITS 14-MONTH HIGH OF 50.9
It appears the green shoots continue to grew in China, as the "flash" PMI report has hit a 14-month high of 50.9.That's above last month's 50.5, and the 50.8 that people expected.Here's the key...
View ArticleWe're Experiencing Truly Historic Times For Monetary Policy
This past summer Ramesh Ponnuru and I wrotethat it is time for monetary regime change:Twice in the last century, economic turmoil revealed the failure of a monetary regime and forced the West to...
View ArticleAfter His Business Collapsed In 2008, TV Star Todd Hoffman Saved His Family's...
Todd Hoffman was in the wrong business when the markets crashed in fall of 2008.He leased hangar space at an airstrip outside Portland, Oregon, mostly to corporations.But travel was one of the first...
View ArticleThe Shanghai Market Is On A Huge Tear
Big way to start Friday in Shanghai.With some economic momentum, and a strong FlashPMI report, the index is up about 1.7%. It briefly touched 2100.Please follow Money Game on Twitter and Facebook.Join...
View ArticleMarkets Are Rising After GIGANTIC Day In Shanghai
Markets are rising after a GIGANTIC session for the Shanghai Composite, which rose more than 4%.HSBC's Chinese Flash PMI hit a 14-month high, so that may be one factor in the rally.Germany is up...
View ArticleFlash German PMI Hits 8-Month High; France Hits 4-Month High
Eurozone FlashPMI numbers are out.Germany (here) has hit an 8-month high. France (here) has hit a 4-month high.In Germany's case the country is showing expansion, as the number rose to 50.5 to...
View ArticleSolving The Mystery Of Why There Hasn't Been A Rise In Housing Construction Jobs
The story of continuing weakness in US construction labor markets seems puzzling. Construction payrolls hit a new multi-year low (discussed here), yet both housing starts and construction spending have...
View ArticleJOB OF THE WEEK: Director of Financial Planning, TOMS Shoes
Check out the Business Insider Jobs section >>As part of our new partnership with CareerBuilder.com, each week we'll feature one of the awesome jobs advertised on the Business Insider jobs...
View ArticleThe Entire Apple Ecosystem Is Cratering
It's not just Apple that's down hard today.Any tech/chip stocks associated with Apple are getting slammed.Via Dave Lutz at Stifel, Nicolaus, here's a quick look at how some companies are doing:Cirrus...
View ArticleRaising The Medicare Availability Age Will Cost Lives, But...
Naked Capitalism featured a piece today by Matt Stoller (Link). The not so surprising conclusion by Matt was that moving the age for Medicare availability from 65 to 67 will actually cost some lives....
View ArticleBusiness Insider Is Hiring Editorial And Strategy/Marketing Interns For Our...
BI Intelligence is looking for paid interns to join the growing Business Insider Intelligence team.What is BI Intelligence?BI Intelligence is a new subscription research service from Business Insider...
View ArticleThe Euro Is Going Bananas... And Nobody Is Quite Sure What's Going On
Not sure what's up, but the Euro is spiking! Analysts are scratching their heads as to why. There's no big headline or anything.Meanwhile, the Dow has gone back positive, though the other indices are...
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