Justin Mamis On New Short Selling Rules
Here is my quote of the day: “Those so-called adults who fuss about short sales are really silly. What competent grown-up would...
Existing Home Sales losing the little mo it had
Existing Home Sales totaled 5.05mm annualized which was 450k below expectations and down from 5.44mm in Dec. It’s at the lowest...
Economic data
Feb Chicago PMI was a better than expected 62.6 up from 61.5 in Jan and vs the consensus of 59.7. It is now at the highest level since...
Chicago PMI confirms mfr’g leading the incipient recovery
Feb Chicago PMI was a better than expected 62.6 up from 61.5 in Jan and vs the consensus of 59.7. It is now at the highest level since...
Underwater Home-Owers: Demand Principal Reductions
The FDIC is proposing a test program of principle reduction for negative equity homeowners. But why is the FDIC required? An intriguing...
Q4 Real GDP revised higher but nominal left unchanged
Real Q4 GDP was revised to a better than expected 5.9% from the initial reading of 5.7%. Nominal GDP however was left unch at 6.3%....
Asia continues to lead the recovery
The driver of the global economic recovery, Asia, revealed some good economic data overnight. Japan and Singapore reported better than...
Q4 GDP = 5.9%
The 5.9% in line report (seasonally adjusted annualized pace) up from the original 5.7% report. Don’t be surprised if this gets...
Rising Retail Profits Meet Falling Consumer Confidence
I just spilled my half-full glass of water, then the glass rolled off the table and shattered on the floor
Snow Bound (again) !
Global Weather Volatility means I am stuck in the house again, as a storm coming up from the South (!) has dumped nearly another foot of...