Capital flight from China rising
Chinese banks were net sellers of US$597mn of forex in July, suggesting that exporters aren’t converting their US$’s into...
Housing bottoming? Then where are the buyers?
Whether it’s the data for existing homes, new homes, housing starts, or builder sentiment, all have pointed to signs of...
No Alpha: Bain Capital’s Investment Results
The political season is in full throat. While everyone is focusing on Mitt Romney’s VEEP selection of Paul Ryan, perhaps it is...
“Budget Hero” – Public Media’s Most Despicable...
“Budget Hero” – Public Media’s Most Despicable Financial Propaganda William K. Black We know that the supporters of...
The Romney Files: From Bain to Boston to White House Bid
Wall Street Journal writer Brett Arends takes a closer look at the Massachusetts Governor and Bain Capital CEO in his new ebook: The...
10 Tuesday PM Reads
My afternoon train reading: • Investors Prepare for Euro Collapse (Spiegel Online) • China’s neo-capitalism beating U.S. free...
The Markets Love Affair with Sadomasochism
Putting aside the November Presidential election which I think will single handedly determine the direction of the stock market in the...
Stocks versus Bonds versus Gold (2010-2012)
click for larger chart Source: Bianco Research Last week, I referenced the fact that Bonds had been outperforming stocks...
I/S ratio at multi yr high in Biz inventories
June Business Inventories rose just .1% vs the estimate of up .2% but because sales fell by 1.1%, the inventory to sales ratio rose to...