Surprise! Ratings Agencies Still Suck!
More shocking news about the inept rating agencies: “The agencies rated billions of dollars worth of these bonds, mostly in the...
Florida Attorney General Report on Fraudclosure
A must see presentation from the Florida Attorney General’s Office; (see attached – particularly look at page 27 onwards)...
In Defense of the “Old Always”
Long time readers of Outside the Box are familiar with the name of James Montier, who is now with GMO in their London office. Today,...
Was 2010 Commodity a Rally in a Bear Market ?
Chris Kimble writes: The CRB index had a huge rally from 2002 to 2008, followed by an decline over 50%. The 2009/10 rally took the CRB...
ISM services higher but employment lags, go figure
The Dec ISM services index rose to 57.1 from 55, was 1.4 pts above expectations and the best since May ’06. Business Activity was...
Population 7 Billion
“Population 7 Billion” is a 7-part National Geographic series on global population. With the worldwide population expected to...
Housing as a Recurring Dream (Nightmare)
Last year, we had a wedding in Chicago. Between the rehearsal dinner Friday night and the actual affair Saturday night, we found...
Dec ADP job gains a blowout
The Dec ADP employment report was a blowout to the upside as the private sector added 297k jobs vs the expectation of 100k and up from...
S&P futures doing what they should have done yesterday
The S&P futures are doing what they should have done yesterday, trading down, in light of the poor market breadth following the...