Clik here to view.
This Swedish Inflation Chart Will Make Your Jaw Drop
From Jefferies' Sean Darby, a chart of Swedish inflation going back to 1290. We have no comment on it, it's just really, really, long. Please follow Money Game on Twitter and Facebook.Join the...
View ArticleClik here to view.
Home Depot Earnings Solid... But Helped By Mild Winter (HD)
Home improvement retailer Home Depot reported Q4 net income of $0.50 per diluted share, on revenue of $16.01 billion. Sales were up 5.9 percent from a year ago. Full year 2011 revenue totaled $70.4...
View ArticleClik here to view.
Credit Suisse: 4 Big Problems Still Exist In Europe
Here's a nice, tidy roundup of some medium-term challenges facing Europe courtesy of Credit Suisse's Andrew Garthwaite: The key problems are: (a) without a weaker euro, we estimate a 5% to 13% wage...
View ArticleClik here to view.
Our Favorite Parallel In The World Just Got Freaky
We're really beating a dead horse on this one, but bear with us. One of our big observations for the year has been the tight relationship between the Egyptian and Greek stock markets. You can see a...
View ArticleClik here to view.
ART CASHIN: Oops! Forget All That Stuff I Said About CDS
So, many of you will remember last week's Cashin's Comments, in which UBS's Art Cashin communicated a gloomy tone from the NYSE trading floor. Specifically, he commented on how the traders were less...
View ArticleClik here to view.
DENNIS GARTMAN: The Greek Deal Only Delays A Default By A Few Months At The Most
European finance ministers agreed on a €130 billion bailout deal for Greece, with the aim of bringing its debt-to-GDP ratio down to 120 percent of GDP by 2020. But the deal still needs to be signed by...
View ArticleClik here to view.
Jeff Saut On The Market's Incredible Streak Of Losing 1% In A Day
Here's a chart we've run several times this year. We have yet to have a single down where the S&P was down even 1%. The last time was in late December. This is wildly different than last year,...
View ArticleClik here to view.
China's Great Rail Leap Forward Is Looking More And More Like A Disaster
In 2003, Chinese rail minister Liu Zhijun proposed to "realize railway development via leaps and bounds." In 2010, the government called its Great Rail Leap Forward a success: "China has achieved more...
View ArticleClik here to view.
DAVID ROSENBERG: How To Invest In This Sea Of Uncertainty
David Rosenberg is known for his bearish outlook, and he has not yet seen anything in recent economic news that persuades him to change his tune. Contrary to prevailing “bullish complacency” and the...
View ArticleClik here to view.
BREAKING: Dow Hits 13,000
We did it! For the first time since May 2008, the Dow has broken 13,000. Obviously it means nothing, but whatever. If you're too good for big, round psychological numbers just move along. Please...
View ArticleClik here to view.
Another Awesome Fact From Iceland's Economic Recovery
Iceland's journey from teetering on the edge of disaster in 2008 to a relative stability — and above average growth — has a lot of lessons, which we've covered before. However, a recent report by...
View ArticleClik here to view.
Why The Decline In Gasoline Demand Doesn't Mean A Recession - Yet
We're not seeing a decline in gasoline demand because of a recession, we're seeing a decline in gasoline demand instead of a recession. I. The simplistic argument that lower gasoline usage means a...
View ArticleClik here to view.
Why The Dow Jones Industrial Average Is An Amazing Index
With the Dow crossing 13,000 for like the third time, the usual parade of haters is coming out. The haters can be divided into two camps: 13,000 is an arbitrary level that only gets noticed because...
View ArticleClik here to view.
BAILOUTS, BRIBES AND INSIDER TRADING: Here's What The World's Leading...
Government bailouts. Rogue traders. Bought-off politicians. These are not only the headlines that have dominated since the Great Recession. They were also major developments in the history of what...
View ArticleClik here to view.
Fedex.com Traffic Shows The Economy Is Getting Better
A reader sent us these charts from website traffic monitoring site Alexa. They show the percentage of web users accessing Fedex.com and UPS.com at any given point. Clearly both are higher than they...
View ArticleClik here to view.
Watch Dennis Gartman Get Really Defensive About His Position On Equities
As the DOW crossed the 13,000 mark, beating its 2011 high, CNBC reporter Scott Wapner asked investor and publisher of The Gartman Letter, Dennis Gartman, if he was becoming less bullish on equities....
View ArticleClik here to view.
Vehicle Miles Driven And the Ongoing Economic Contraction
The Depart of Transportation's Federal Highway Commission has released the latest report on Traffic Volume Trends, data through December. Travel on all roads and streets changed by 1.3% (3.2 billion...
View ArticleClik here to view.
8 Reasons Gas Will Hit $5 A Gallon This Year
This post originally appeared at 24/7 Wall St. The price of gas is a widely covered news item these days. Oil prices have moved up from $75 a barrel in October of last year to more than $100 a barrel...
View ArticleClik here to view.
Consumer Confidence SURGES To The Highest Level In A Year
U.S. Consumer Confidence surged higher in February, with the index measuring the key indicator up 280 basis points to 75.3, data from the University of Michigan and Thomson Reuters shows. The reading...
View ArticleClik here to view.
January New Home Sales Beat Expectations At 321k, But Decline From Revised...
January new home sales came in at an annualized rate of 321k. Economists were expecting 315k. December's new home sales were revised up substantially to 324k from a previous reading of 307k. So, while...
View Article