Durable Goods rock but only if you make planes
Jan Durable Goods rose twice expectations at the headline level, up by 3% but ex transports they fell by .6% vs an expected gain of 1%....
Rating agencies threatening punishment
Moody’s followed S&P yesterday in warning Greece that a downgrade or 2 may be forthcoming in a few months if they...
Economic data
Jan Durable Goods rose twice expectations at the headline level, up by 3% but ex transports they fell by .6% vs an expected gain of 1%....
SEC Short Ban: “Regulation By Placebo”
And speaking about not understanding what caused the bear market, we have this recent SEC action: “The Securities and Exchange...
Weak New Home Sales Report Least of Housing’s Problems
Oh, and adios muchachos can be heard here. Source: Weak New Home Sales Report Least of Housing’s Problems, Barry Ritholtz Says...
Bets Against AIG BSC & LEH Are Not What Killed Them
And speaking of nuance: Too many reporters still don’t seem to fully understand what killed Lehman, AIG, Bear, etc. Paragraphs like...
Persona Non Grata at CNBC
I had lunch the other day with several other analysts, strategists, money managers and economists, all of whom shall remain nameless. All...
Spyker Now Owns Saab
Spyker Cars is now the proud owner of Saab. And according to the news release from G.M., the wind down of Saab’s operations is over:...
Wednesday Reads
Wednesday afternoon linkage • Bernanke Expects Extended Low Rates (NYT) • Martin Wolf: The world economy has no easy way out of the...
Chairman Ben S. Bernanke Semiannual Monetary Policy Report to...
Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. February 24, 2010 Chairman Frank, Ranking...