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Profit By Betting Against The Crowd
There's a traders saying that warns against trying to "catch a falling knife". That is, you shouldn't buy assets which have sharply declined as they're likely to go down further before there's any...
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Okun's Brokun... Or Why Someone Is Lying
For those who wish to get straight to the punchline, and why we ask if someone is openly lying, here it is:For those who want some background color, read on.A year and a half ago, we asked a simple...
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Guest Post: Has Brad DeLong Admitted To Being Unfair and Imbalanced?
Submitted by F.F.Wiley via Cyniconomics blog,In May, I learned about this thing called the Wayback Machine from the Reinhart-Rogoff-Krugman tiff. (I know, I can be pretty clueless about Internet...
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Presenting Inflation...
In the last two years, according to Intuit, Americans are reaching deeper into their pockets to cover family-related expenses. Given the current concerns over dis-inflationary pressures, we thought the...
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Obama Goes To South Africa, Protests Ensue
If Obama was hoping for a warm reception upon his arrival in the second leg of his 3 nation African tour, in Johannesburg, to celebrate the life of South Africa's critically ill, 94 year old leader...
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How Many Calories Does A Dollar Buy?
Whether you like it or not, America, the number of calories packed into fast-food eats are getting harder to ignore. McDonald’s, Subway and Panera Bread - and as of this week, Starbucks - have already...
View ArticleBreaking Bad (Habits)
Authored by Stephen Roach, originally posted at Project Syndicate,It was never going to be easy, but central banks in the world’s two largest economies – the United States and China – finally appear to...
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Which Households Have Incomes Below $30,000?
Looking at the demographics of households with less than $30,000 a year in income, it appears they are mostly headed by retired people. As Visualizing Economics notes, households with incomes below...
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Global Macro In 12 Simple Charts - Find The Clean Shirt
Day after day we are bombarded by the sound and fury of each and every macro-economic data point that is then extrapolated as meaning either a) it's bad enough that the Fed will be behind us forever...
View ArticleEU Parliament "Shocked" At NSA "Bugging" Diplomatic Offices; Threatens Trade...
The president of the European Parliament, Martin Schulz, said he was "deeply worried and shocked about the allegations of U.S. authorities spying on EU offices" made in a report published Sunday by Der...
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Ten Things to Watch in the Week Ahead
The third quarter begins with a bang this week. The main highlights include four major central bank meetings, Japan's quarterly Tankan survey, monthly purchasing managers' surveys and the US employment...
View ArticleGuest Post: Is The Economic Crisis An Indictment Of Capitalism?
Submitted by Shawn Ritenour via the Foundations of Economics blog,One of the sad narratives of the financial meltdown of 2008 and its aftermath is that it was and remains the result of unbridled...
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Meanwhile, In Egypt... - Live Feed
Update: The Muslim Brotherhood offices have been set on fire...It appears the re-civil-war in Egypt is gathering pace. What started at tens of thousands has swelled to hundreds of thousands of people...
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How The "Taper Tantrum" Cost US Banks $25 Billion In Q2 Net Income
Ever since back in 2009 the US financial system effectively suspended Mark-To-Market accounting for the too big to fail (and all other) banks (read our description of FAS 157 and 115 here), the Income...
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The Drag From Higher Mortgage Rates
Mortgage rates have increased more than 1 percentage point since early May, jumping half a percentage point since last week’s FOMC meeting, raising concerns that this rapid rise may derail the housing...
View ArticleMultiple Government Agencies Are Keeping Records Of Your Credit Card...
Submitted by Michael Snyder of The Economic Collapse blog,Were you under the impression that your credit card transactions are private? If so, I am sorry to burst your bubble. As you will see below,...
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The Perfect Storm In Bonds
The Fed has managed to remove some of the complacency in financial markets for now, but we would also argue that financial markets have managed to remove any complacency the Fed (and any other central...
View ArticleGuest Post: The Deflationist Error
Submitted by Alasdair Macleod via GoldMoney.com,Many people believe there is a significant risk that the Irving Fisher debt-deflation theory of great depressions is still an economic threat today. They...
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Early Exuberance Fades As Stocks Slip And Bond Yields Dip
We appeared to go from good is good(but the underlying macro data this morning also provided some bad is good news) to good is bad by the close. The Discretionary sector almost reached back to...
View ArticleGold Bug Bashing, 1976 Edition
Submitted by Peter Schiff of Euro Pacific Capital,The Golden CycleThe New York Times had the definitive take on the vicious sell off in gold. To summarize one of their articles:Two years ago gold bugs...
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