Enron untouched in fight against corporate fraud
Kudos to The Financial Times for a story which seems to have been mostly forgotten by much of the American media . . . Enron untouched in...
Bond Market Slams on the Brakes
Get thee over to WSJ.com right now and read the terrific piece Aaron Lucchetti put out this AM. (I’m not saying that just cause he...
More lag . . .
Source: Business Week Another bad data point separating this recession/recovery cycle from most of the prior ones . . .
Economic Data Imperils Rally
The market has been stuck in a holding pattern following an impressive 3 month move off of the March lows. Whether the end of this story...
Terrorism Futures Market: Much Ado About the Wrong Thing
This is an early draft of a forthcoming article . . . feel free to send comments here . “The conventional wisdom holds that...
Weekend Reading
NYSE’s Corporate Governance Is Harshly Criticized in Report (requires WSJ subscription) The New York Stock Exchange is coming under...
Still Different, but Showing Signs of Life
We’ve been fond of noting how different this economic cycle of recession and recovery has been. These discrepancies are particularly...
Industrial Production during Economic Expansions
SOURCE: Chart of the Day The average trend in industrial production during the first 24 months of every economic expansion from 1954 to...
Terror Futures Market
Quote of the Day “When I saw that article the other day about a market being established to bet on the probability of wars, terrorist...
Top Line Versus Bottom Line Growth
With two thirds of the S&P500 and DJIA companies reporting earnings – and 66% reporting upside surprises – we thought it an...