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Real Economy Still Sliding As 'Eating Out' Continues to Go Down
While real consumer spending growth remains perilously close to recessionary levels for another year, one of our favorite indicators of real consumer sentiment (as opposed to the anchoring bias-driven...
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Is Santa Coming Early for Gold & Gold Mining Stocks?
Is Santa Coming Early for Gold & Gold Mining Stocks? Courtesy of Chris Vermeulen If you own physical gold, gold mining stocks or plan on buying anything related to precious metals before year end,...
View ArticleThe Ethics Of Halloween
Authored by Caleb McMillan via the Ludwig von Mises Institute of Canada, Every Halloween people are engaging in free-market anarchism whether they like it or not. To the economist, it’s clear that the...
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Deciphering The Dismal Reality In Europe From The Hopeful Green Shoots
European corporates continue to report considerably more negative surprises in production than expectations a mere three months ago - with the divide now at extreme levels. As Morgan Stanley notes...
View ArticleGuest Post: China’s J-31 Stealth Aircraft Takes Flight
Authored by J. Michael Cole via The Diplomat, Well, the Chinese aviation industry sure isn’t wasting any time: From the first glimpse of the tarp-covered fuselage being hauled in the first official...
View ArticleBleeding the Taxpayer: An Old Technology Dolled Up As New
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter On September 14, 1899, Henry Bliss stepped off a streetcar at West 74th Street and Central Park West in New York and got run...
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Elliott Management Vs Argentina Round 2: Now It's Personal
When it comes to international bondholder process, work out and restructuring (and litigation), on the one hand there is Europe, and specifically the ongoing Greek reorganization into an ever tinier...
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Guest Post: The Tremendous Economic Benefits Of Superstorm Sandy
Submitted by Jim Quinn of The Burning Platform The Tremendous Economic Benefits Of Superstorm Sandy The public relations propaganda campaign to convince the ignorant masses that Sandy’s impact on our...
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Stocks Sizzle As Apple Fizzles
Today's entire stock market action was contained in the span of an hour starting with the open, following a series of economic data which, as was to be expected, couldn't possibly disappoint several...
View ArticleDumpster Diving In The Lower East Side
When one thinks of dumpster diving in the "developed world", one usually starts with Greece, and ends with Spain (where this activity has been so pervasive, lately even the dumpsters have been on lock...
View ArticleRosie On Sandy: One Economist's Realistic Hurricane Post-Mortem
Tired of idiotic "expert assessments" how the destruction in the aftermath of Sandy is good for the economy and "creates wealth" (just ask these people or these how much wealthier they feel with their...
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Guest Post: Getting On The Train - The Rail Resurrection Gets Underway
Submitted by Gregor McDonald, a PeakProsperity.com contributing editor Getting On The Train Given emerging data in 2012, it's becoming increasingly clear that the post-war automobile era in the United...
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Hurricane Sandy Satellite Photos: Before And After
While New Yorkers living south of 34th Street have to live in cold and dark for an indefinite period of time (ConEd has been firm electricity will be restored by the weekend, it has been far more vague...
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Starting Off With A Bang: In First Month Of Fiscal 2013, US Adds $195 Billion...
It seems like it was only yesterday that the US closed the book on Fiscal 2012 (technically, it was September 30), with a modest $16.066 trillion in debt. What was notable is that the monthly additions...
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USA, Inc. - Part 2: If America Were A Corporation, It Would Be Broke-er
When Mary Meeker, formerly of pre-IPO bubble analyst fame, released her "USA, Inc." presentation last year, which assayed the US government as if it were a corporation, her conclusion was simple: the...
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Americans Aged 18-29 Have A More Favorable Response To Socialism Than To...
In the prior post, we showed a presentation that looked at America from the perspective of a corporation and how it would be completely unsustainable. Luckily, there is little probability that America...
View ArticleDesperate French Government Threatens To “Requisition” Vacant Buildings
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter Prime Minister Jean-Marc Ayrault made it official: the government would requisition vacant buildings regardless of who owned...
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Food For Thought: Why Correlation Better Not Be Causation
We can only hope that the chart below, which shows a rather disturbing linkage between consumption of chocolate (in kg/yr/capita) and Nobel prize laureates per 10 million of population, is simply a...
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Is This Why Markets Can't Catch A Bernanke Bid?
While top-down macro headlines, anchoring-biased surveys, and election-oriented government-aided statistics suggest a world of unicorns and teddy bears where everyone and their pet rabbit 'Dave' should...
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