As Congress’ debate over President Obama’s trade agenda heats up, yesterday’s revised government figures on the gross domestic product (GDP)
Dick Bove appeared on CNBC and warned that a mortgage meltdown is brewing. He has a related interview as well. The Treasury Department is looking to wind down Fannie Mae and Freddie Mac, but without these organizations, there would be few buyers for 30-year fixed rate mortgages, bank analyst Dick Bove told CNBC on Tuesday. Banks […]
The most important number in today’s Q4 GDP update was 2.3%. That’s the year/year change in real final sales from Q4 2013. As an analytical matter it means that the Great Slog continues with no sign of acceleration whatsoever. Indeed, the statistical truth of the matter is that this year’s result amounted to a slight deceleration—–since the Y/Y gain…
There used to be an interesting warning etched into the side mirrors on cars. It read: “CAUTION — OBJECTS IN MIRROR ARE CLOSER THAN THEY APPEAR.” It always struck me
High-risk junk bonds finance large portions of the energy markets. According to the latest estimates, energy-related issuances now account for almost 15% of the total $1.4 trillion junk-bond market.
The Chicago Business Barometer has collapsed below 50 to its lowest point since 2009. And I thought that the German Bundestag backing the Greek bailout extension would be cause for celebration! Or are we just watching the net installment of the horror series “Saw”? Another tip of the hat to Jesse’s Cafe Americain! Speaking of SAW […]
In which points did Greek delegation change its position?
Over the next four months, Greece is facing significant debt redemption pressures.