Revised GDP: -1.0%
The Bureau of Economic Analysis released its first revision (the “preliminary” report) of Q2 GDP. Consensus is that the original...
It’s time to start watching the kids
Similar to parents who realize after a period of no adult supervision, someone has to watch the kids to make sure they don’t get...
FDIC Running Out of Cash
The FDIC is estimated it will need $70 billion to cover bank failures through 2013 — about 5X recent cash holdings of $13 billion....
What Do You Catch When You Chase Your Tail?
Good Evening: U.S. stocks went virtually nowhere today, allowing both the bears and the bulls to claim victory. Those predicting an...
“Toto, I’ve a feeling we’re not in Kansas...
“Toto, I’ve a feeling we’re not in Kansas anymore.” The USA, the bastion of global capitalism, entrepreneurship,...
New Home Sales
July New Home Sales, about 15% of the market, totaled 433k annualized, 43k above estimates and up from a revised 395k in June. It is now...
After Twitter, Comes Grunter, Then Grimacer
Recently, I had a chat with some people about Twitter. I occasionally use it. I appreciate the instantaneous communication of micro...
Wednesday 10 Spot
A quick tenner: • Kass: Market Has Likely Topped (TheStreet.com) Investors today face the polar opposite of conditions that existed...
“Market Seems Broken” After Monster Rally, Lindzon...
Excerpt: Both the Dow and S&P hit their highest levels of 2009 intraday Tuesday, and all seems well for the bulls. But Howard...
MIT Media’s Data Portraits & Personas
> How does the web see you? That is the question that MIT Media wanted to depict visually by “creating a data portrait of...