Here’s a brief review of the charts from a few of last week’s economic data releases. JOLTS The Labor Department’s Job Openings and Labor Turnover…
It seems like only yesterday I was lamenting the arrival of housing bubble 2.0 and the Fed’s nefarious policy of distributing ZERO-COGS (i.e. nearly zero short-term borrowing costs) to Wall Street speculators— which had then swooped into busted housing markets from Phoenix to Florida looking for the next big carry trade. This stampede of $5,000 suits riding John Deere lawnmowers…
David Stockman, former Reagan Administration Budget Director and best selling author of The Great Deformation: The Corruption of Capitalism in America, has started a new website,…
Yesterday the media got all bulled up over the Fed’s new data on household wealth showing that it hit a record in the fourth quarter…
Russ Winter asks Lee Adler what he thinks the next Fed taper means for the market. Lee describes the 700 Pound Gorrillas Market Theory.
…there are instances where the denial of any linkage between correlation and causation proves only that the deniers have their heads in the sand. That’s particularly true in the case of central banks and financial market direction.
The Treasury has now pounded the market with $231 billion in net new supply on the market over the past three weeks and the markets haven’t even flinched.
For the first time in 2014, initial unemployment claims were higher than the same week a year ago. The difference was slight, but just the…
The HSBC/Markit Purchasing Managers’ Index (PMI) of economic demand in China reported that demand in China’s factories fell for a second month in a row and hit a seven month low.
When it comes to big banks’ bad behavior and the fines they pay to settle “allegations” – which are actually civil charges and which would be criminal charges if applied to any other business or in any parallel universe – things aren’t even close to what they seem.
