3rd strike of the week for the Treasury
For a 3rd straight day, the US Treasury saw poor demand for its paper. Today the 7 yr saw a yield of 2.43%, 3 bps above the when issued,...
Gasoline Taxes by State
Interesting map, showing what each state charges in taxes for gasoline, per gallon. My home state, New York, appears to have highest...
Pending home sales jump more than expected but…
Contract signings of existing homes rose 8.2% m/o/m in May, well above expectations of a gain of 3% and compares with an 11.3% drop in...
Jim Rogers Holding Dollar, Euro
Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy. Rogers also discusses Europe’s sovereign debt crisis...
10 Mid-Week Reads
Today’s reading list: • BofA Nears Huge Settlement (WSJ) • Biggest Tax Avoiders Win Most Gaming $1 Trillion U.S. Tax Break...
Leen’s Lodge, FDIC, The Fed
Leen’s Lodge, FDIC, The Fed David Kotok June 29, 2011 ~~ “Bank reserves are slightly below $1.6trn despite the Treasury’s high cash...
Bankruptcy vs economic depression, quite a choice
The vote on bankruptcy vs economic depression in Greece awaits but the markets aren’t waiting around as the assumption that bad...
Window Dressing Proceeds Apace
With 6 of the past 7 weeks in the red, the markets have managed to string together a series of winning days. Daily gains both this week...
The Wrong Price
Limey Beans The English are moaning about how expensive things are. They don’t know the half of it. A small Bag of Starbuck’s...
Wall Street Cautious on Obama
The conventional wisdom is that Wall Street has turned its back on President Obama. But DealBook examines whether financial leaders are...