The Big Picture

ADP said the private sector added a net 55k jobs in May, below expectations of 70k but April was revised higher to a gain of 65k up from...

Following yesterday’s sharp market rally, we enter today with the S&P futures right at its key 200 day moving average of 1098....

Tomorrow the Bureau of Labor Statistics will release May’s nonfarm payroll number. According to Bloomberg, the current consensus is...

> Nice move up in the market today — we are now back over 10,000, by about 250 points (put those hats away). Was that it? Is the...

How can you not adore the lunatic headline writer behind this soon to be legendary Bloomberg article: Porn Stars in 3-D Lure Consumers to...

I don’t know why, but I love this XKCD toon: >

The new big question for the US economy is of course what impact the prospect of European weakness will have on our growth. While its...

There is a fascinating discussion on the FT, looking for possible causes of the flash crash of May 6th: “During the 2008 financial...

I am presenting today at the NorCal FPA conference as the morning keynote. If you are around, swing by and say hello! > Download PDF...

Why the ‘Experts’ Failed to See How Financial Fraud Collapsed the Economy By James K. Galbraith The following is the text of...