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Markets Are Going Nowhere After Ugly Day In Japan
It's going to be pretty quiet today market-wise, as the US has off for the MLK day holiday, and will be consumed with the inauguration.In the meantime, European markets are basically flat. Nothing's...
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The Most Likely Cause Of The Next Recession...
Bill McBride at Calculated Risk has a great post up about the difficulty of recession forecasting.One difficulty is incentives. Many on Wall Street have a persistent incentive towards optimism. On the...
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The 17 Equations That Changed The Course Of Humanity
Mathematician Ian Stewart's recent book "In Pursuit of the Unknown: 17 Equations That Changed the World" takes a close look at some of the most important equations of all time.A great example of the...
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We're Less Than A Day Away From One Of The Most Anticipated Central Bank...
The world of central banking has gotten a little dull, lately, after a historic 2012.The ECB seems to be in neutral. The Fed's policy seems fairly clear cut.The center of action is Japan, where...
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CONFIRMED: A Major New Source Of Global Demand Is Starting To Boom
Cool chart here from Nomura, which examines export from Asia's "Big 4" (China, Korea, Taiwan, Singapore).It shows the year-over-year change by end export destination.The real story, they note, is how...
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The Most Positive Thing We've Read About Greece In Years
Morgan Stanley's Daniele Antonucci has a new note on Greece titled Greece: From Shake-Up to Shape-Up?It's the first note we recall seeing in ages that wasn't an analysis of the country's sovereign debt...
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US Futures Are Rising Slightly
As you know, it's going to be a quiet day.But in the meantime, US futures are on the rise a little bit. Barely.Here's a look at the scoreboard from Bloomberg:Please follow Money Game on Twitter and...
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3 Pros And 3 Cons For Gold In 2013
SocGen has a note out asking whether 2013 will be the first year since 2000 that gold ends the year down.In it, they present the bullish and bearish argument in the simplest manner possible:There are...
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Angela Merkel Meets With Party After It Suffers 'Nightmare' Loss In Regional...
German Chancellor Angela Merkel was forced to size up her election-year strategy Monday after a bitter defeat to the centre-left opposition in a cliffhanger state poll.In one of the tightest state...
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Japanese Finance Minister: Government Should Let Old People 'Hurry Up And Die'
Japan's finance minister Taro Aso said Monday the elderly should be allowed to "hurry up and die" instead of costing the government money for end-of-life medical care.Aso, who also doubles as deputy...
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Obama And The Last Congress Have Left Us With A Major Tax Increase That Will...
“Taxation without representation” says the text under the Washington, DC license plate of President Obama’s inaugural limo. Citizens of DC argue they are not represented when the Congress decides on...
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Here's What Happened To Markets In 1994, When A Surprise Fed Move Caused...
We've been seeing analysts increasingly talk about a "1994"-style situation playing out in the market.What does that mean?Basically, the market was caught off guard that year by a surprise Fed...
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Here's The Full Text Of The Bill That Republicans Are Introducing To...
Just released now (via Jamie Dupree) the full text of the bill the GOP has introduced to temporarily raise the debt ceiling, provided the Democrats agree to either pass a budget or forgo pay.Debt...
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KKR's Outlook For The Stock Market And The Global Economy In 2013
Private equity behemoth Kohlberg Kravis Roberts & Co. (KKR) recently published its outlook for 2013."[W]e are somewhat pessimistic relative to the consensus on earnings growth in early 2013,"...
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$7.66 Trillion Of Stimulus In America From 2008 To 2012, Itemized
The U.S. Government took some enormous steps and continues to take enormous steps to right the economy.In his 2013 outlook, KKR's Henry McVey points to the $7.66 trillion worth of stimulus as a reason...
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Here Are The Big Risks That Lie Ahead For The World In 2013
NEW YORK – The global economy this year will exhibit some similarities with the conditions that prevailed in 2012. No surprise there: we face another year in which global growth will average about 3%,...
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The 'Best' Countries In The World Have Changed A Lot Since 1988
The Economist Intelligence Unit recently published its "Where To Be Born in 2013" list, a measure of which countries provide the best opportunities for a healthy, safe and prosperous life in the years...
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Obama Devotes Paragraph In Speech To Green Energy And Climate Change
Environmentalists will be happy with this paragraph in Obama's speech:We, the people, still believe that our obligations as Americans are not just to ourselves, but to all posterity. We will respond to...
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Obama Has Delivered His Inauguration Speech, And Everyone's Talking About How...
Obama just wrapped up his inauguration speech.The #1 reaction? It was liberal.He hit on climate change, saving entitlements, and gay rights in solid ways.There was no faux centrism.For example, on...
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INAUGURATION LIVE: President Barack Obama Lays Out His Second Term Agenda
President Barack Obama kicks off his second term today with the traditional Inauguration Day festivities on Capitol Hill. The celebration begins at 11:30 a.m., and will include a ceremonial swearing in...
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