An Introduction To The Fed's Brand New Way Of Announcing Policy
Tomorrow the FOMC will embark upon its new communications strategy, by which it will release information on the interest-rate path, consistent with achieving its dual mandate of low inflation and low...
View ArticleIran Threatens To Cut Off Oil Shipments To All Of Middle East
NEW YORK (AP) — The U.S. and Europe are trying to stop Iran, the world's third-biggest oil exporter, from selling crude. Iran's response is to threaten to disrupt shipments from the entire Middle...
View ArticleVINCENT REINHART: The Fed's New Communication Policy Will Weaken Its Ability...
The more experts think about the Fed's new more transparent communication policy, the more they seem to hate it. As we recently reported, the Fed will starting including FOMC voting members' views on...
View ArticleJapan Announces Its First Trade Deficit Since 1980
TOKYO (AP) — Japan marked its first trade deficit since 1980, a 2.49 trillion yen ($32 billion) shortfall for 2011 caused in part by last year's tsunami and the rising value of the yen, the Finance...
View ArticleAll Of Last Year's FOMC Dissenters Lost Their Voting Rights
NEW YORK (AP) — If Chairman Ben Bernanke decides the economy needs more help from the Federal Reserve this year, he probably won't face as much resistance as he did last year. Call it the changing of...
View ArticlePresident Obama: We Must Support Domestic Manufacturing And Innovation With...
In tonight's State of the Union, President Obama came out strongly in favor offering tax advantages to companies that create and keep manufacturing jobs domestically. Paired with this proposal was a...
View ArticleLegendary Credit Guru Edward Altman Unveils His 2012 Outlook For Corporate...
Edward Altman, the leading authority on bankruptcy theory and the creator of the widely-used Altman Z-Score, was the keynote speaker at today's Turnaround Management Association luncheon in New York...
View ArticlePresident Endorses The Buffett Rule And Calls For New Penalties For Insider...
After spending a large portion of his State of the Union address offering his prescription for rebuilding the American economy, President Obama squarely addressed tax treatment across income brackets...
View ArticleMarkets In Asia Rally Higher As Apple's Blockbuster Earnings News Circulates...
Asian markets started the day sharply higher, after Apple posted one of the most impressive earnings beats in recent history. The company reported revenue of $46.3 billion, topping estimates by $7.57...
View ArticleHere Are The Key Market Moving Events For Wednesday, January 25 (ABT, MWV,...
Markets will have plenty to digest on Wednesday as a flurry of earnings and data releases hit the street. Already, President Obama has promised in the State of the Union a new group that will...
View ArticleSwiss Drug Maker Roche Is About To Announce One Of The Largest Deals Of The...
AP — Swiss drug maker Roche says it plans to offer shareholders $5.7 billion for DNA diagnostics company Illumina. Roche Holding AG said in a statement early Wednesday that the deal would accelerate...
View ArticleObama Pulls The Trigger On The January Surprise
I told you so. This was the housing policy bombshell from President Barack Obama’s State of the Union address: And while Government can’t fix the problem on its own, responsible homeowners shouldn’t...
View ArticleWell, It's Obvious Whose Economy Is The Strongest Right Now...
Today Japan reported trade figures, clocking in its first trade deficit in 30+ years. In a note analyzing the country's trade data, Goldman observe the following breakdown. A regional breakdown shows...
View ArticleWAKE UP: Markets Are Heading South After Bad Data In The UK And Italy
An early rally in Europe has reversed, lead by Spain down 0.8%. At 4 EST Italy reported a 0.3% decline in November retail sales versus expectations for a 0.1% decline. At the same time Germany...
View ArticleCalPERS Earned 1.1% On Investments In 2011, Nowhere Near Assumptions Of 7.75%
Pension plans rebounded sharply in 2009 and 2010 from the devastating losses in 2008. However they never got back to even. 2011 was another poor year, and in spite of the start to 2012 I expect this...
View ArticleUS Truck Tonnage Posts The Largest Annual Gain In 13 Years`
This week’s data on truck tonnage makes the benign increases in rail data look underwhelming. The 2010 annual gain was the largest in 13 years! More via the ATA: “The American Trucking Associations’...
View ArticleDAVID ROSENBERG: The Bull Case For Equities Depends On Three Big Ifs
A little salt from David Rosenberg on this winter's rally (via Pragmatic Capitalism): “Is there a bull case for equities? Well, after a 20% pop off last October’s lows, that would seem like a pretty...
View ArticleRoubini Is Scaring Everyone At Davos With Talk Of Global Recession
The issue of whether or not to raise taxes in the US will be an important one in the presidential election campaign as the American economy is threatened by slowing world growth and recession in...
View ArticleINFOGRAPHIC: Where Gold Comes From And Where Is Goes
Here's a neat infographic on gold from Trustable Gold (via Zen Trader). Gold comes from the ground -- the largest share from South Africa. Gold goes to the people -- primarily in the form of jewelry....
View ArticleGOLDMAN: The 5 Most Important Points From Today's FOMC Statement
By now you've all read the latest FOMC statement. Goldman Sachs' U.S. economics team led by Jan Hatzius thinks these were the five important takeaways: 1. The FOMC signaled that monetary policy is...
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