It dawned on me earlier today that the Goldman Sachs settlement may actually be the more important development than the milquetoast...
Read More
July preliminary UoM confidence was awful at 66.5 vs expectations of 74 and down from 76 in June. It’s the lowest since Aug...
Read More
(Invictus here, ladies and gents): Shortly after the minimum wage was raised last year, the right-wing chorus rose up and began to...
Read More
According to the May TIC data, Chinese holdings of US Treasuries fell to the lowest level since May ’09 at $867.7b, down $32.5b...
Read More
I’ll be back in a minute, but it dawns on me that the Goldman Sachs settlement may actually be the more important development than...
Read More
June CPI fell .1%, in line with expectations but rose .2% ex food and energy which was above the expected rise of .1%. The m/o/m core...
Read More
Corporate earnings remain front and center (BAC, GE, GOOG) with it being that time of the year and news from GS and BP add more flavor to...
Read More
Amongst the regular complaints I have about the financial media is the lack of accountability of alleged experts. The bad stock picks,...
Read More
Wow, look at this: -BP capped the leak in the Gulf. -The SEC to make a significant announcement (likely about Goldman Sachs). -Fin Reform...
Read More