Muni Bond Defaults
The big news this morning comes from Canada, but it’s about the eurozone. I told you the other day that German Chancellor Angela Merkel was in Canada saying great things about Canada. When asked if...
View ArticleClik here to view.
Calm Before A Storm?
Global stock markets have been enjoying a remarkable summer rally since June, remarkable for several reasons. For one thing, the rally has been much more substantial than typical summer rallies, which...
View ArticleWeekly Eurozone Watch – Spreads Tighten, Banks Ramp
Key Data Points German 10-year bund 11 bps higher; Italy 10-year 23 bps tighter to the Bund; Spain 56 bps tighter; Portugal 33 bps tighter; Greece 9 bps tighter; Large Eurozone banks continue to run,...
View ArticleA Cordial Invitation: The Appalling Nature of the Politician-Bankster...
“The common argument that crime is caused by poverty is a kind of slander on the poor.” — H. L. Mencken —————————————————— Down here in Nicaragua, it is difficult to complain. Almost impossible to...
View ArticleClik here to view.
The Unemployment Rate Jumped In 44 States Last Month
(Updates with additional data starting in fourth paragraph.) Aug. 17 (Bloomberg) -- The jobless rate climbed in 44 U.S. states in July, showing last month’s increase in unemployment was broad based....
View ArticleOh, Mr. Ryan, Do Get Wonky On Us. Please. (I.e., thank you Brit Hume and Matt...
In poker a “tell” is the physical giveaway or tic that lets you know someone is lying about his or her hand. In politics it’s the mode of evasion a politician chooses to sidestep a truth he or she...
View ArticleRand Paul’s Tea Party Manifesto
Politics is a lagging indicator of social-cultural trends. Politics doesn’t lead change; it chases it, incompetently and long after the underlying reality is impossible to deny. This is why it makes...
View ArticleClik here to view.
Whatever Europe Does, Tax Evaders Will Keep Choking Off The Greek Economy
Default is not necessarily destructive,” said Panayiotis Lafazanis, a Greek politician in the left-wing SYRIZA. “It is a weapon of the weak when they reach the point of not being able to pay their...
View ArticleGMI Ratings Governance Issue | Pharmaceutical Companies
The pharmaceutical industry has grown notorious after collectively paying out multi-billions amid allegations of fraud. But many among those to receive fines stand out from the others, and continue to...
View ArticleThe Meaning of Contrarian
Trading Wisdom 10: The Meaning of Contrarian “Many of the trades that Alexander suggested followed one of two patterns. First, when all investors were doing the same thing, he would actively seek to...
View ArticleApple Closes At All-Time High
While Facebook got another facial today, closing at an all-time low, Apple closed up almost $12 at a new all-time high. It sliced through its old high of $644 like a “hot knife through budder”!...
View ArticleDaily ETF Roundup: Consumer Sentiment Rises, Platinum Shines
After a frustratingly slow week on Wall Street, markets managed to eke out small gains at today’s close, capping off their sixth straight week of gains. According to the Thomson-Reuters/University of...
View ArticleOpen thread August 17, 2012
Read more posts on Angry Bear Blog » Please follow Money Game on Twitter and Facebook.Join the conversation about this story »
View ArticleHistory Teaches Us That Economic Reality Will Take A Bite Out Of Stocks
By: John Browne Thursday, August 16, 2012 The current environment for investors is perhaps one of the most confusing that many have ever encountered. Unpredictable markets now appear to take no clue...
View ArticleStronger Eurozone Countries Prepare Plan B
(click here if video is not observable) Read more posts on Global Macro Monitor » Please follow Money Game on Twitter and Facebook.Join the conversation about this story »
View ArticleThe Paul Ryan Plan Is Weak And Assumes The Economic Equivalent Of Winning The...
By: Peter Schiff Friday, August 17, 2012 For much of the past few generations, the debate over balancing the federal budget has been a central feature of every presidential campaign. But over time,...
View ArticleClik here to view.
Chasing Risky Bonds Can Be Hazardous To Your Health
Money chasing income. That is a theme we have discussed much recently as an aging population battles an artificially low interest rate environment. The demand for income is driven by an undersaved...
View ArticleThe West Has Just Become A Giant Banana Republic
August 16, 2012 Carthage, Tunisia Wikileaks founder Julian Assange has made an admirable habit of enraging western governments over the last few years, particularly the United States. Most notably,...
View ArticleWhen Financialization Fails, The Consumerist Economy Dies
Consumer spending is the bedrock of the global economy, and consumer spending depends on expanding debt and leverage. Once that subsystem fails, consumerism and the global economy grind to a halt. The...
View ArticleClik here to view.
Hyperinflation: Still More Than A Monetary Phenomenon
One of the bigger myths in the world of economics and finance remains the cause of hyperinflation. As I’ve highlighted many times over the years, hyperinflation is more than just a monetary...
View Article