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ECRI's Embarrassing Recession Call
The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) rose for the fourth consecutive week, now at 123.6 from last week's 123.3. See the WLI chart below. The WLI growth...
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If Morgan Stanley Is Right, Europe Should Be Incredibly Nervous About That...
September 12 is going to be a huge day. For one thing it's the day the next iPhone will probably get revealed. And there's an election in the Netherlands that day. And most importantly, a German court...
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Facebook Crashes Even Lower (FB)
Facebook's stock has crashed to a new all-time low. It's at $18.12, a 5.08 percent crash, as of this writing. The reason for the stock slump appears to be a negative analyst report from BMO. We don't...
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We're Coming Up On The Worst Month For The Market, And It Could All Be Due To...
Bank of America Merrill Lynch recently averaged the monthly returns of the S&P 500 over the past 83 years. And September is clearly the worst by a mile. Check it out: Last week, we noted Citi's...
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NASSIM TALEB: The Fed Is Looking At The Banking System All Wrong
No one is ever happy with the results of the stress tests that the Federal Reserve and the European Union conduct periodically to evaluate the health of big banks and what could happen to them in the...
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The Drought Is Becoming A Costly Problem For American Homeowners
ST. LOUIS (AP) — Carol DeVaughan assumed her suburban St. Louis home was simply settling when cracks appeared in the walls. When she noticed huge gaps between her fireplace and ceiling, and that her...
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STOCKS RALLY: Here's What You Need To Know (DIA, SPY, QQQ)
Ben Bernanke's hyped Jackson Hole speech finally happened. First the scoreboard: Dow: 13,090, +90.1, +0.6%S&P 500: 1,406, +7.1, +0.5%NASDAQ: 3,066, +18.2, +0.6% And now the top stories: Earlier...
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Goodbye August 2012, The Most Boring Month In The History Of The World
Normally we'd be sad to see August (and therefore summer) come to an end. But really, we're relieved to see this month go by. At least from a market standpoint it was perhaps the most boring (or at...
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Now Apple's Trying To Prevent Samsung From Selling The Awesome Galaxy S III...
* Samsung Galaxy S III is claimed to infringe Apple patents * Apple first filed patent lawsuit in February * Follows Apple victory over Samsung in same court NEW YORK, Aug 31 (Reuters) - Seeking to...
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Chinese Manufacturing Drops To A Nine Month Low
The official reading of manufacturing output in China unexpectedly contracted for the first time in nine months, new data from the National Bureau of Statistics and China Federation of Logistics and...
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Merger Talks Heat Up Between American Airlines And US Airways (AAMRQ, LCC)
NEW YORK (AP) — American Airlines and US Airways are one step closer to a potential merger. The companies said Friday they have started confidential merger talks. But a deal is still far from reality....
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ART CASHIN: The Most Disastrous Moment In US Economic History Occured In...
Art Cashin believes it was a mistake for the U.S. dollar to come off of the gold standard. That's why Cashin describes the event as the most disastrous moment economically in U.S. history. This came up...
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The 10 Hottest Economic And Financial Insights Of The Week
Ben Bernanke's speech at the Kansas City Fed was the highlight in an otherwise quiet week. However, some of the sharpest minds in finance offered insights into the the global economy and financial...
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September Is Here And Market Volatility Has Been Waiting For Us
NEW YORK (AP) — The dull days are almost over. For the last couple of weeks, markets slipped into a late summer lull, with investors seemingly nodding off in their beach chairs. The only thing to get...
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JIM O'NEILL: I Have Been Pondering About The Worst-Case Scenario For China
Jim O'Neill, the chairman of Goldman Sachs Asset Management, has been pondering China a lot recently. In a note to clients on Thursday, he laid out three scenarios for Chinese growth going forward:...
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Weakness In Chinese Employment And Domestic Demand Suggests Policy Easing...
China's official manufacturing PMI contracted to 49.2 in August, below economist's expectations of a decline to 50. This puts China's manufacturing at a nine-month low. But a look at the sub-indices...
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Struggling Spanish Consumers Now Face A Crippling Tax Hike
Cash-strapped Spanish shoppers and small businesses were resigned to more pain on Saturday, as everyday living costs like heating, phone bills, clothes and haircuts all become more expensive following...
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The Consequences Of Easy Monetary Policy
Got LSAP? Quantitative Easing as Trickle-Down Economics That Which Is Seen and That Which Is Not Seen "Ultra Easy Monetary Policy and the Law of Unintended Consequences" California, Chicago, New...
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There May Be Too Little Gold To Restore The Gold Standard
The debate around a return to a gold standard is being revisited after the US Republican Party called for a commission to look at such a system. Under a gold standard, the authorities commit to...
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Big Investors Are Scooping Up Residential Land Across The Country
NEW YORK (Reuters) - From the outskirts of Las Vegas to the coast of California, stretches of undeveloped land in some of the most depressed housing markets in the U.S. are in high demand. Money...
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