This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. Investors are fleeing dollar-based money market funds. After the spike in cash holdings from taxable income “harvesting” at the end of 2012 (see discussion), the assets in money funds have declined sharply. Source: ICI What’s causing this decline?…
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Factory Orders Fell in April Says Census Bureau, But Did They Really?
by Newswires • • 0 Comments
New orders for manufactured goods in April, down three of the last four months, decreased $2.9 billion or 0.6 percent to $466.0 billion, the U.S. Census Bureau reported today. This followed a 2.1 percent March decrease. Excluding transportation, new orders decreased 1.1 percent. http://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf OK, let’s get all excited, before we remember that this is seasonally adjusted nonsense that makes…
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Misunderstanding QE
by Bears Chat at The Wall Street Examiner • • 0 Comments
el dude has been trying to get this point across for awhile…..its all about expectations and mind games. QE did not bring yields lower, quite the opposite, in fact. Now that the Bernank is “only” gonna give us ZIRP4EVA and do a bunch of swaps with …
