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POSTCARD FROM GREECE: A Shepherd Owes The Government $10.8 Million
If there was anyone left who thought Greece was not in terrible shape, he obviously hasn't heard of the shepherd who the government claims owes them 10.8 million euros ($14.2 million). In an attempt...
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UGH: This Is Happening Again In Washington
From MNI: Senate Majority Leader Harry Reid blasted Republicans Monday for delaying progress during negotiations on a payroll tax cut extension package and said he will offer an alternative package if...
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Pressures Mount On Greece: Here's What's Ahead Tomorrow
Headlines from Greece appear to have died down today, as Greek politicians, banking representatives, and troika officials continue to hold simultaneous negotiations on proposals that are necessary to...
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Tinkerbell Economics – The Confidence Fairy, Pixie Dust and a Sleeping Dragon
While we may be hours away from a partial (and certainly a stopgap) agreement in the talks among the Greek government, the troika and private sector creditors, it is doubtful that a deal will emerge...
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CHART OF THE DAY: A Major Shift In The Stock Market That Everyone Is Cheering...
One of the big issues with investing in 2011 was elevated correlations across risky financial assets. In other words, asset classes like stocks, corporate bonds, and commodities were moving up and...
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STOCKS SLIP AND GREECE GETS NOWHERE: Here's What You Need To Know (DIA, SPY,...
So, not much happened today. No major headlines out of the U.S. Even worse, no news of progress out of Greece. First, the scoreboard: Dow: 12,845.1, -17.1, -0.1%S&P 500: 1,344.3, -0.6,...
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It Looks Like Job Growth Is Getting Ready To Accelerate
Just about the only drawback in Friday's employment report is that at the rate employment has been growing since it bottomed 2 years ago, it will take possibly a decade to make up all of the jobs lost...
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30 Jobs That Are Vanishing In America
We've received a lot of job news lately. Friday's job report massively beat expectations, and on that note, we gave you the 30 fastest-growing jobs in America. The Bureau of Labor Statistics...
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Yum Brands Earnings Beat Expectations, As Growth In China Continues to...
Yum Brands, the owner of fast food chains including Taco Bell and KFC, reported fourth quarter results of $0.75 per share, topping analyst estimates by a penny. Revenues surged 20 percent year-on-year...
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STIGLITZ: The ECB Needs To Revise Its 'Peculiar' Stance On Greek Default
The European Central Bank is taking a "peculiar" stance on the prospect of a Greek default and it needs to change its mind, argues Economist and Columbia Professor Joseph Stiglitz in an editorial...
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Paul Krugman Makes The Bull Case For The Economy In One Simple Paragraph
Paul Krugman has a new column up with the dreary title: Things Are Not OK. The gist is simple enough: Despite the good employment report, things are still pretty horrible (in that we're very far from...
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The Stunning Collapse Of Iran's Currency
In a recent two-part series on the tensions between the United States and Iran, my colleague David Lee Smith provided readers with a broad and insightful overview of the unfolding crisis. He discussed...
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AFTER FACEBOOK: 11 More Tech IPOs We're Looking Forward To
Facebook finally filed to go public last week. It took the company 8 years, 850 million users, and $1 billion in annual profits before it was finally ready to pull the trigger. With such a long...
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ANDREW LO: I Read 21 Books About The Financial Crisis And They Explained Nothing
Ever thought you would have to read 21 books to get to the bottom of what caused the financial crisis? Andrew Lo, an economist at MIT, has some bad news: it's going to take at least 22. Lo, a leading...
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America's Shrinking Corporate Giants
This post originally appeared at 24/7 Wall St. It is rare for one of America’s largest companies to lose a third or more of its sales in a brief time. When it happens, it is usually either because of...
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CITI'S BUITER: There's A 50% Chance Of A Greek Exit From The Eurozone And...
Citigroup economists Willem Buiter and Ebrahim Rabhari revised their predictions of a Greek exit from the eurozone—or "Grexit"—in the next 18 months up to 50 percent from 25-30 percent in November....
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Here Are The Key Market Moving Events For Tuesday, February 7, 2012 (KO,...
Tuesday continues a busy earnings week, while data streams out of Asia and Europe. Nonetheless it will be a relatively quiet day, as Coca-Cola and Walt Disney report. There are no major economic...
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A Huge New Call On Housing That You Must Pay Attention To
Pundits and bloggers are making predictions all the time, and usually they should just be ignored. Today though, the popular economics blog Calculated Risk published a post called The Housing Bottom...
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Asian Stocks Are Mixed As Greek Debt Talks Continue
Asian stocks markets are mixed as uncertainty over Greece's debt swap talks continues. A mixed bag of earnings didn't help Japan, where the Nikkei fell eased from its three-month high. Here's how the...
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BlackRock's Larry Fink: BE 100% IN STOCKS
BlackRock CEO Larry Fink is bullish on stocks. Really bullish on stocks. And he's been bullish on stocks for a while. Fink was on Bloomberg's First Up with Susan Li as Asian markets opened for...
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