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SUMMERS: The World Is Stuck In A Vicious Cycle
Former Harvard president and former Obama economic advisor Larry Summers writes in the FT today that the debate between fiscal hawks and doves has paralyzed the global economy. He refers to it as a...
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Inflation In China Cools Again
BEIJING (AP) — China's inflation eased further in September, giving the government more room to stimulate the country's slowing economy. Consumer inflation fell to 1.9 percent from August's 2 percent...
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iPhone Sales Are Messing Up Economic Data All Over The World ... In A Good...
Monday morning, the U.S. Census Bureau will publish the September retail sales statistics. Economists expect a gain of 0.7 percent. Among other things, economists have to consider the impact of Apple's...
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Big Rally Happening In The US And Europe
Risk appetite is seeing an impressive turnaround this morning. Things had gotten off to a negative start when Asia opened, as investors reacted badly to Chinese trade figures which were controversial....
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If You Haven't Looked At European Bond Yields Lately...
There hasn't been much reason to talk about peripheral bond yields in Europe lately, and for good reason. Things have been very quiet. Just a sample, here's a look at the Spanish 10-year yield, via...
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REPORT: Amazon In Talks To Buy Texas Instruments' Mobile Chip Business
Amazon in talks to buy Texas Instruments' mobile chip arm:TEL AVIV (Reuters) - Amazon.com Inc, the world's largest Internet retailer, is in advanced talks to buy the mobile chip business of Texas...
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Obama Had A Really Good Day On InTrade
Bleeding stopped for now? Hope that he'll turn it around at tomorrow's debate? After being below 60 this weekend, Obama has rallied back up to 62.5 on InTrade. There are two polls which might be...
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3 Big Areas That David Rosenberg Gets Right
I liked this presentation by David Rosenberg which comes courtesy of one of the hardest working guys in journalism, Joe Weisenthal. I’ve disagreed with Rosenberg on the recession call in the USA for a...
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One Of The Biggest Housing Bears Around Explains Why The Recent Bump Is Going...
I attended the Zillow housing forum in San Francisco on Friday. The first panel discussed "Is it a Good Time to Buy in California?: The Housing Market's New Normal". The participants were John Burns,...
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Greek Debt Is On Fire
This is getting a lot of buzz today. Yield on the Greek 10-year bond has hit its lowest level since the last restructuring in March. You can see it's been a wild chart (via Bloomberg) but it seems...
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Billionaire CEO Of Japan's Softbank Describes Huge Stake In Sprint In One...
The big news in the telecom world is that Japanese firm Softbank is buying 70% of US wireless operator Sprint in a $20 billion deal. From Softbank's perspective, the deal can probably be captured in...
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Alvin Roth And Lloyd Shapley Win The Nobel Prize For Economics
The Nobel Prize for Economics has been awarded to American game theorists Alvin Roth and Lloyd Shapley. From the press release: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred...
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10 Things You Need To Know Before The Opening Bell
Good morning. Here's what you need to know. Asian markets were mixed in overnight trading with the Nikkei up 0.5 percent and the Shanghai composite down 0.3 percent. European markets are higher across...
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Citi Beats Earnings Estimates (C)
We're into earnings season again and Citi reported its third-quarter results beating consensus Wall Street analyst estimates. Citigroup reported adjusted EPS of $1.06 excluding CVA/DVA and the loss on...
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Here's What Nobel Prize Winning Economist Al Roth Said About Dwarf Tossing
Al Roth, the Harvard game theorist who won a Nobel Prize for economics this morning with Lloyd Shapley, studies lots of fun things. Like repugnance. A 2007 paper by Roth looked at the role of moral...
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WOW: BIG JUMP IN RETAIL SALES
Retail sales jumped 1.1 percent in September, which was well ahead of the 0.9 percent expected by economists. Excluding autos and gas, sales jumped 0.9 percent versus expectations for a 0.4 percent...
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Empire State Manufacturing Data Misses At -6.16
Empire State Manufacturing data improved to -6.16. But it was behind economists' expectations of -4.00 Still, it's better than the prior reading of -10.41. Employment conditions weakened, with the...
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On Wall Street Trading Desks, Here's What They're Chatting About Right Now (S)
Michael Block of Phoenix Partners sends along the big stories he's chatting about with clients this morning. Everyone focused on November handle for Greek restructuring, Spain bailout request. Spain...
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Analyst: 'Windows 8 Expectations Plummet' (MSFT)
Topeka Capital analyst Brian White was traveling in Asia, meeting with supply chain sources, and he has bad news for Microsoft investors: Windows 8 Expectations Plummet and PC Trends to Remain...
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Today We Got A PERFECT Snapshot Of What's Happening To The US Economy
At 8:30 AM ET today, we got a perfect snapshot of what's happening in the US economy. Retail sales for September were very strong. Here's a look at the data. We've highlighted several cells to show...
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