There’s a New Sheriff in Town
It dawned on me earlier today that the Goldman Sachs settlement may actually be the more important development than the milquetoast...
Confidence drops sharply
July preliminary UoM confidence was awful at 66.5 vs expectations of 74 and down from 76 in June. It’s the lowest since Aug...
Demographic Story Coming to the Fore
(Invictus here, ladies and gents): Shortly after the minimum wage was raised last year, the right-wing chorus rose up and began to...
China’s treasury holdings lowest since May ’09
According to the May TIC data, Chinese holdings of US Treasuries fell to the lowest level since May ’09 at $867.7b, down $32.5b...
GS Settlement vs FinReg: Which is More Significant?
I’ll be back in a minute, but it dawns on me that the Goldman Sachs settlement may actually be the more important development than...
CPI, little deflation signs in core data and watch out for food
June CPI fell .1%, in line with expectations but rose .2% ex food and energy which was above the expected rise of .1%. The m/o/m core...
Corporate news in focus
Corporate earnings remain front and center (BAC, GE, GOOG) with it being that time of the year and news from GS and BP add more flavor to...