Existing home sales still reflecting tax credit
June Existing Home Sales were a better than expected 5.37mm annualized vs the forecast of 5.1mm BUT remember, this reflects closings...
FDIC’s Bair: Banks Making ‘Disingenuous’...
The FT interviewed FDIC Chairman Sheila Bair about the upcoming Basel III accords: Sheila Bair, chairman of the Federal Deposit Insurance...
With noise in the claims data, average the weeks out
Initial Jobless Claims totaled 464k, 19k above expectations and up from a revised 427k last week. The distortion of the seasonal auto...
Good European data lifts stocks
European stocks took off at 4am after July Euro Region manufacturing and services composite index rose to a 3 mo high at 56.7 vs...
Oil Majors Building GoM Disaster-Response System
Earlier today, I listened to Byron King — who knows the energy sector as well as anyone — explain how US energy policy is...
MISH vs ECRI
I hate it when two people I know and like do battle. This week, it is Mike Shedlock of MISH’s global economic analysis squaring up...
Bernanke uncertain but says he’s ready for anything
In his testimony, Bernanke is saying he is ready to deal with anything that comes the Fed’s way. If the economy improves, they will...
Broken Uptrends Now Plagues Most Indices
I did not show these slides (from The Chart Store) at the conference, as I did not want to get too deeply into a discussion on broken...