Reinhart: Bad Loans Clogging the Arteries of the Financial System
~~~ Source: Bad Loans “Clogging the Arteries of the Financial System,” Reinhart Says Aaron Task Yahoo Tech Ticker, May 2, 2011...
ISM solid but pace of gains moderate
April ISM manufacturing fell to 60.4 from 61.2, a 4 month low barely but was almost 1 pt above today’s estimate of 59.5 which...
Short Memories (Fade the Inflation Hysteria, II)
Flashback to June 2008 (only three short years ago): Headline CPI was running very close to 5.0 percent. The Fed funds rate was at 2.0...
Dice Have No Memory
Since 1999, Bill has been a daily contributor and the driving force behind The Daily Reckoning, a daily e-letter with a following of...
Bin Laden’s (Long Overdue) Day of Reckoning
Today’s news of Osama bin Laden being brought to justice was long overdue. It brought up bittersweet feelings of closure regarding...
Futures Rally, Oil Falls, on Bin Laden’s Death
Here is a quick roundup on the news of Osama bin Laden killed in a Pakistan firefight by US Special Forces: -Stocks and U.S. equity-index...
From Surplus to Debt
Washington Post: “The nation’s unnerving descent into debt began a decade ago with a choice, not a crisis. In January 2001, with...
Profile of States
Data addicts like me typically don’t care where our next fix comes from, as long as it’s credible. Most of the time...
Seth Meyers remarks at the 2011 White House...
Hat tip Reformed Broker: Be sure to watch Trump’s non-reaction around the 12 minute mark.