Amusing:
Bear vs Bull (1962)
We talked a bit about the magazine cover indicator Wednesday night. I don’t think Ken Heebner on the cover of Fortune is not a...
Revisiting Q1 GDP Revisions
The consensus in the media is that revisions higher in GDP to 0.9% means that the US has successfully avoided a recession. I highly doubt...
April New Home Sales – Revisited
On Tuesday, we noted that New Home Sales fell 42%. There was one small piece of the data I failed to mention earlier in the week, which...
NYMEX Raises Margin Requirements for Crude
Hefty increase in margin rules from the NYMEX, effective earlier this week: The New York Mercantile Exchange said on Tuesday it will...
KB Homes: U.S. Home Prices Will Drop 10% More
Eli Broad, founder of homebuilder KB Home click for video VIDEO Excerpt: U.S. home prices likely will drop another 10 percent from their...
Dallas Fed: Oil Heading Back Under Par
“Absent supply disruptions, it will be difficult to sustain oil prices above $100 (a barrel, in 2008 dollars) over the next 10...
Q1 2008 GDP (Preliminary Revised)
As expected, Q1 2008 Real GDP Growth was revised up to +0.9% from +0.6% previously. -Weakest two quarter growth since 2001...
The Fall of Bear Stearns
If you haven’t read the Kate Kelly’s fantastic 3 part WSJ series about the Fall of Bear Stearns, you are missing out. (I...
Oil Exporters Are Unable To Keep Up With Demand
Those of you in the "Oil is a bubble" camp should read this article in today’s WSJ, titled, Oil Exporters Are Unable To...