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...
Better German and French GDP data and US retail sales
BoJ minutes suggest that they are likely to introduce measures to increase monetary stimulus and to raise inflation (improbable) to their...
10 Tuesday AM Reads
My morning reads: • On Wall Street, the Rising Cost of Faster Trades (NYT) • Central Banks Have Conditioned Equity Investors...
The War against the Regulatory Cops on the Bank Beat
The War against the Regulatory Cops on the Bank Beat William K. Black The Wall Street Journal has long led the...
Understanding Price Dispersions
I recently had an interesting conversation with a Real Estate agent (whom I know for a long time) about local sales and prices. She had...
The Dismal Earnings Season
The Wall Street Journal – U.S. Profit Streak Hit by Global Weakness Bid adieu to growing profits. Slowing economies from the U.S. to...
Retail sales bounce after 3 mo’s of declines
After 3 months in a row of declines, July Retail Sales were better than expected. Headline sales rose .8% and were up .9% ex auto’s...
What To Do With Europe
• The Wall Street Journal – Olli Rehn: How We’ll Build European Monetary Union 2.0 Europe is committed to building a genuine...
The 15 Rules of Web Disruption
How to Spot – and Defeat – Disruption on the Internet David Martin’s Thirteen Rules for Truth Suppression, H. Michael Sweeney’s...
The Market Is A Drug Addict For More Stimulus
• Hussman Funds – Begging for Trouble With the daily focus on European crisis and the hope of central bank intervention, one of the...