News That Matters
Ft.com The US Federal Reserve has set the stage for three more years of ultra-loose monetary policy in the world’s largest economy, prompting an immediate fall in bond yields, the FT reports. The...
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2011 New Home Sales Fall To Record Low, Median New Home Price At Lowest Since...
Looks like the earlier analysis that the US is slowly morphing into a second Japan just got even more confirmation. According to the Census Bureau (not NAR data, which we will hence ignore completely...
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I Present To You The First Probable US Commercial Real Estate Insolvency Of...
In this post I will present to BoomBustBlog subscribers evidence of the next GGP. For those who don't know the GGP story, it was the nation's 2nd largest All payingBoomBustBlog subscribers are prompted...
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A Really Bad Plan for Reviving the Housing Market
For breathtakingly stupid political ideas and catastrophic “solutions” to America’s biggest problems, it’s hard to beat the New York Times op-ed page. There, joined by such jihadists of the Left as...
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Guest Post: AAA Rating or Not - Crowd Sourced Wikirating Values Your Input
Submitted by Toni Straka of The Prudent Investor AAA Rating or Not - Crowd Sourced Wikirating Values Your Input Recent downgrades of European government and bank debt have fuelled the discussion on the...
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Dow Highest Since May 2008? Maybe Not?
The headlines are crowing of the magnificent CAT earnings (channel stuffing?) which in turn is helping the Dow reach its highest point since May 2008 (CAT is responsible for 27 of the Dow's 30 point...
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Update: America Has A $16.4 Trillion Debt Ceiling In 52-44 Senate Vote
Update: the Senate has failed to reject a bid to stop the debt ceiling hike with a simple 52 vote majority all of it along party lines. The US now has $16.4 trillion in debt capacity as of Friday....
View ArticleTaxpayers Lose Another $118.5 Million As Next Obama Stimulus Pet Project...
Remember that one keyword that oddly enough never made it's way into the president's largely recycled SOTU address - "Solyndra"? It is about to make a double or nothing repeat appearance, now that...
View ArticleBiderman Explains The Bullish Market Ponzi
"All markets trade their way to Perdition" is how TrimTabs' CEO Charles Biderman concludes a rather clear and factually full exposition of the reason we have gone up and the reality of why a drop is...
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Next Steps: Presenting The Definitive Greek End Game Flow Chart
Confused by the Greece situation? Dizzied by the PSI haircuts, retractive CACs, Troika promises, ECB participations, local vs non-local law implications, CDS triggers, and ultimately contagion...
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Has Bernanke Become A Gold Bug's Best Friend?
Below we present the indexed return of ES (or stocks) and of gold over the past 24 hours since the Bernanke announcement of virtually infinite ZIRP, and the latent threat of QE3 any time the Russell...
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How The Most Hated Stocks Became The Most Loved In A Few Short Days
Last week we pointed out the seemingly bizarro strategy that by now must have become mainstream mantra that buy-and-hold is dead but buy-the-dips-in-the-most-hated-stocks is a winning strategy. Since...
View ArticleOn Jamie Dimon's Track Record Of Predicting Greek Outcomes
The US market appears modestly enthused by earlier remarks from Jamie Dimon (who ironically is of Greek descent) who told CNBC that "The direct impact of a Greek default is almost zero." Note the...
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Presenting The Interactive "Wiggle-Room Index" Or Which Countries Will Be...
Update: literally seconds after this article was posted, we receive news that the IMF will seek Saudi contribution to the European bailout fund. There you have it - you enjoy that implicit US...
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Financials Have Worst Day Of Year As Fed Is Faded
We noted last night that heavy and large average trade size was going through after the cash market close in S&P futures and it seemed overnight we needed one more push to flush out some more...
View ArticleStephen Roach Explains How The Fed Is Pulling The Wool Over Our Eyes
"Bernanke is betting the ranch on open-ended QE and zero interest rates and it worries me" is how Stephen Roach of Morgan Stanley starts this must-see reality-check interview with Bloomberg TV's Tom...
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Tim Geithner Added To List Of Gold Bugs' Best Friends
Yesterday we asked rhetorically if Ben Bernanke has become the gold bug's best friend courtesy of his FOMC announcement which led to a surge in gold, and a kneejerk whimper in stocks, which has now...
View ArticleGoldman On GDP: Warns Of Q1 Weakness; Autos Added 0.3% To GDP
When commenting earlier on the GDP number we noted that the sellside brigade is about to start coming out with Q1 GDP "warnings" now that inventories will likely subtract between 0.5% and 1% from...
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Decoupling, Interrupted
Remember back in long distant memories (from a month ago) when all the chatter was for the US to decouple from Europe as the former (US) macro data was positive and a 'muddle-through' consensus...
View ArticleGuest Post: What's Priced Into the Market Uptrend?
Submitted by Charles Hugh Smith from Of Two Minds What's Priced Into the Market Uptrend? Is the operative phrase here "priced to perfection"? With everything from stocks and bonds to 'roo bellies...
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