Housing Bust to Hit Manhattan, Hamptons Manhattan has — so far — mostly escaped the housing bust. Some of that is a function of the lack of honest real estate sales... Read More
Foreign purchases of longer term assets April foreign purchases of longer term assets totaled $11.2b, less than estimates of $60b and down from $55.4b in March but the... Read More
Executive Compensation Committees heheh — I don’t know if Scott Adams reads The Big Picture, but he certainly is keeping up with some of our favorite themes: > Read More
Empire survey The June NY mfr’g survey was weaker than expected at -9.4 vs forecasts of -4.6 and down from -4.6 in May but it’s still well... Read More
Government Largesse Spreads As part of the government’s intervention during the economic crisis, federal money has gone to a surprising number of unlikely... Read More
More positive reaffirmation After getting some positive reaffirmation from the Japanese of their love for our debt, Russia’s Finance Minister at the G8 said... Read More
Cyclical or Secular Bull ? One of our longstanding themes — that the current environment is a secular Bear market, punctuated by cyclical bulls — gets... Read More
Futures Under Pressure > This morning seems to be a bit of “Look Out Below” as the Hang Seng falls 2% Asian indices fall. European bourses also... Read More
U.S., Europe Week Ahead U.S. Week Ahead: Inflation Debate Summertime, and the living isn’t so easy with worries on inflation, which could slow the... Read More
US Open: Caddys For A Cure My partner Mike is caddying for Todd Hamilton tomorrow on the Black course at the US Open. This came about through Caddys For A Cure, a... Read More