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We're About To Have One Of The Biggest Weeks That Anyone Can Remember
We hope all of our readers have a very restful, relaxing weekend, because you need to be prepared: This next week is going to be one of the busiest weeks in memory. Now of course, the really busy weeks...
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Look Which Part Of The Economy Is Showing Signs Of Life Again...
We're not even a third of the way through the year, and already the story with housing has changed at least a couple of times. In the early part of the year, there was a lot of enthusiasm about a...
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One Of Our Favorite Market Indicators Is Plunging, And Just Went Negative
HEADS UP: The Citigroup Economic Surprise Index went negative this week (via @ivanthek). Here's a 3-year look at the index, which tries to capture how well economic data is coming in compared to...
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Obama, The Austerity President
One of the things that comes up every time we get a GDP report is that government, far from being the main driver of the economy, is actually a big drag on the economy. Yesterday's initial Q1 report...
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The Fed Is Making A Huge Mistake By Being More Transparent
The most highly anticipated segment of the Federal Reserve's big policy day on Wednesday ended up being the release of Fed members' future policy projections. The second such release in what is a new...
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12 Big European Issues That Should Keep You Up At Night
The markets face a landmark week ahead, and much of that excitement comes from Europe. A meeting of the European Central Bank on Thursday, we'll have elections in Greece and France that could decide...
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5 Key Points On Yesterday's Weak GDP Report
By now I'm sure you've read several analyses elsewhere of this morning's GDP report. I have no desire to duplicate those analyses, but wanted to add a few points relevant to what this means to...
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The Greek Socialist PM Candidate Has Virtually Ruled Out More Austerity
ATHENS, Greece (AP) — Greece's socialist party leader Evangelos Venizelos has promised no new taxes, or across-the-board wage and pension cuts, if his party participates in a coalition government after...
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HOUSE PRICES HAVE HIT THE BOTTOM! (For The Fourth Year In A Row)
House prices are on the rise. This happens every year. Sometimes this age-old phenom starts a month or two earlier or later than the year before depending on the timing and size of the stimulus aimed...
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CHARTS: If Romney Wins, Will The Republicans Once Again Say "Deficits Don't...
All through the Bush years, the refrain from the party in power was "deficits don't matter." Then the economy collapsed. Then the other party came to power. And suddenly the vanquished party became...
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Recap After The Bell With "Money Game Chart Of The Day"
After the market closes, get caught up on the hottest economic news of the day by signing up for Money Game Chart of the Day, a daily chart newsletter. Money Game Chart of the Day delivers an important...
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The Economic Data This Week Was A Sea Of Green
In the rear view mirror, first quarter GDP was reported preliminarily at +2.2% on an annualized basis. This was below expectations. The biggest negative was government spending on all levels...
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We Had No Idea That Making iPads Was Such A Horrible Business
Shares of Chinese electronics manufacturing giant Foxconn plunged 16% on Friday after the company's parent Hon Hai Precision Industry reported lower profits thanks to higher labor costs. This is not...
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The Fed Has Gone Nuts -- We Need To Return To The Gold Standard
There are times, my friends Michael Lewitt and Dr. Lacy Hunt agreed today at lunch, when the study of economics is best informed by a sound knowledge of history. Indeed, Michael's son wants to follow...
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HUGH HENDRY IS BACK: Here's What's In His Monster New Letter To Shareholders
Rejoice! Hedge fund manager Hugh Hendry of The Eclectica Fund is finally back with a monster new letter to shareholders. In it, he says, is his most lengthy writing since the winter of 2010. We've read...
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THE NO RETIREMENT PLAN: More And More Americans Plan To Work Forever
Given major delays in retirement plans, 80 is the new 65 says CNN Money. A quarter of middle-class Americans are now so pessimistic about their savings that they are planning to delay retirement until...
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'Sell In May' Is Great For Wall Street, The IRS And Journalists, But Bad For...
NEW YORK (AP) — It's simple to understand, and has a nice ring to it. It's made some investors look like geniuses recently. Say it enough and you might even believe it. Too bad "Sell in May and go...
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How Apple Dodges Billions In Taxes
Charles Duhigg of the New York Times has written another amazing article about Apple, this time focused on the heroic lengths Apple has gone to to avoid paying taxes to governments around the world....
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New Poll Says Homeownership May No Longer Be Part Of The American Dream As...
U.S. Homeownership has fallen to a 10-year low, with just 62 percent of Americans saying they own their home, according to a new Gallup poll. Another record low, 53 percent, said their home was worth...
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'Rabidly Partisan Politics' Could Leave Mongolia Struggling With The Resource...
POLITICS in Mongolia has been rough-and-tumble since 1990, when the country escaped Soviet domination to become a vibrant if imperfect democracy. But when scores of security forces raided the home of a...
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