Initial Claims/Europe
After a positive surprise in last week’s Initial Claims data where claims fell to near 400k (408k after revision), they bounced...
Thursday AM Reads
The latest adds to my Instapaper this morning: • Layoffs Deepen Gloom (WSJ) see also Chokehold on wages (Washington Post) • WTF?...
Merge Records Spring Sampler (Free!)
Very cool arrangement from Merge Records and Amazon.com: Nothing to fill out or sign, you simply click buy and a full MP3 album is...
Raging Inequality May Cause Unrest and Violence
Raging Inequality May Cause Unrest and Violence In America and the Rest of Western World Preface: While conservatives are against...
Jonathan Weil: Half of BofA’s Book Value is Bogus
Our quote of the day comes from Bloomberg’s Jonathan Weil, who keenly notes that: At $9.85 a share, down 26 percent this year, Bank...
The US Tax Burden Falls Disproportionately On Individuals and...
From Jesse’s Café Américain: ~~~ Although the nominal US corporate tax rate of 35% seems high, and especially so given all the...
You Want to Fix the U.S. Economy? Here’s a Start
You Want to Fix the U.S. Economy? Here’s a Start Charles Smith July 19, 2011 ~~~ Charles Hugh Smith publishes Foreclosure Crisis...
Email of the Day: “Why Are You So Negative About...
So I get this very earnest email asking me why 1. I am such a bear on Housing and b) I am cherry picking only negative housing data ....
Bloomberg profiles Michael Burry
The former hedge-fund manager who predicted the housing market’s plunge. He forecast that the bubble would burst as early as 2007, and...
Home closings remain subdued
In a measure of how the spring selling season has gone, June Existing Home Sales, a measure of contracts likely signed in March and...