Thursday’s Long Reads
Here are the latest additions to my Instapaper: • Shadow inventory backlog still growing (FT Alphaville) • The Tyranny of Defense...
SPX Index Secular Markets (1900-2010)
We’ve taken many longer term looks at the markets (See, for example, this, this, this or this) but the following chart from UBS...
Climate Skeptic Pat Michaels: 40% of My Funding is From Big Oil
I have been rather dismissive of the agnatology from global warming deniers and hacks like Pat Michaels. The notorious climate skeptic of...
Volcker Resigns
Former Federal Reserve Chairman Paul Volcker is ending his term as chairman of President Barack Obama’s economic advisory panel...
Economics Alone Did Not Drive BAC/FRE Settlement
As noted earlier this week, the one cent on the dollar Bank of America/Freddie Mac settlement was a huge potential windfall for the bank,...
JOC commodity index back to record high
Adding another stat to the inflation theme, the Journal of Commerce Index of 18 industrial materials including cotton, steel, copper,...
Obama Lost His Charisma—Not His Political Skill
Obama’s presidency is surviving on what little personal charm he has left despite his complete loss of charisma as a leader. And...
Can Banks Foreclose on Mortgages They Do Not Own?
“The record in this case reflects how mortgage lending changed in recent years and how the industry failed to ensure that its new...
Did the Russell 2000 predict the better than expected ADP?
Global Macro Monitor produces informed opinion about markets and the global economy. This was originally published on January 5, 2011 ~~~...