Read It Here First: VIX Says No Panic — Yet
On Monday, we showed a one year chart of the VIX versus SPX. We noted that the VIX had stayed relatively modest, implying that a tradable...
Reserves and Off Balance Sheet Securities Lending
My fishing buddy David Kotok, who runs Cumberland Advisors, offers up this fascinating chartporn review of how the Fed is spreading the...
Consumer Sentiment Drops to 28 Year Low
Confidence among U.S. consumers fell in the month of June to the lowest level in 28 years. The culprits are record-high energy costs and...
How I Spent My Stimulus Dot Com
Fascinating Site: howispentmystimulus.com is collecting stories and photos from people as to how they actually spent their $300 stimulus...
The IRS & Inflation Angst
This morning, we have two interesting economic data points: Personal Income & Outlays, and the University of Michigan’s...
Bill Gross on Inflation & Recession
The Fed is walking a tightrope between inflation and a recession, hoping to find its way to neutral. Bill Gross, of PIMCO, shares their...
What Was THAT?
The bottom dropped out of the market today. The Financials fell apart, GM hit a 53 year low, the Dow crash through its year-to-date lows....
Quote of the Day: Oil & Recessions
Hard to argue with this: "Nothing has been a more reliable indicator for an upcoming recession as the price of Oil. Every major bear...
When Does GM Get Kicked Out of the Dow, part II
With GM now at 53-year lows, its time to revisit the question. Back in November, we asked "When Does GM Get Kicked Out of the...