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FABER: Cut The US Government By 50% Now!
The debt burden in the U.S. and other Western countries will continue to increase, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Monday, leading to a “colossal mess” within the...
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The Myth That Cheap Energy Spurs Growth
Ed writes the popular economics blog Ed Dolan's Econ Blog and has just recently released a book:TANSTAAFL (There Ain't No Such Thing As A Free Lunch) - A Libertarian Perspective on Environmental...
View Article60 Minutes: Greg Smith, Goldman, & Muppets
In case you missed last night’s 60 Minutes interview with former Goldman Sachs investment banker, Greg Smith, click here. When people leave Goldman, they tend to do it quietly. Though the firm’s...
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The World's Central Banks Are Locked In A Currency War, And Reining In...
Despite Friday’s sharp drop as companies reported poor earnings results, the S&P 500 Index posted a gain last week. This week, vying for investors’ attention from the flood of generally weak...
View ArticleApollo Group Continues its Freefall
By Damion Rallis – Senior Research Associate Last week’s bad news at for-profit education company Apollo Group Inc. (NASD:APOL) started with a weak earnings report that included the announcement of...
View ArticleMacro Notes from Caterpillar’s Earnings Release
Key Metrics Caterpillar Inc. (CAT) announced third-quarter 2012 sales and revenues of $16.445 billion, a 5-percent increase from third-quarter 2011 sales and revenues of $15.716 billion. EPS per share...
View ArticleDaily ETF Roundup: Stocks Claw Into Green Territory
Bargain shoppers were hesitant to return on Monday morning even after last week’s broad decline on Wall Street. Major stock indexes kicked off the day on a positive note as election results in Spain...
View ArticleAre Economists and Market Stategists Next?
We don’t want to make light of the loss of life but we find this story incredible. Prison for Italian scientists for getting the L’Aquila 2009 earthquate wrong, which left 309 people dead. Six...
View ArticleLessons from Black Monday
By: Peter Schiff Monday, October 22, 2012 25 years ago, on another Monday in late October, the financial world seemed to disintegrate in a heartbeat. Though the 205 point drop in the Dow last Friday...
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China's GDP Will Exceed America's In The 21st Century
This is an election season, so all hope of intelligent policy discourse has been abandoned in favor of the partisan soundbite. One side, uniquely brilliant, will magically solve our nation's problems...
View ArticleQuote of the Day
“Oh, people can come up with statistics to prove anything, Kent. Forty percent of all people know that.” — Homer Simpson Read more posts on Global Macro Monitor » Please follow Money Game on Twitter...
View ArticleBinders of Battleships, Horses and Bayonets
I loved the horses-and-bayonets rejoinder, and I especially loved that it highlighted Romney’s incessant plucking of irrelevant statistics and misrepresenting what they indicate. But the line I liked...
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The Integrity Of The Transaction
I hold in my hand a remarkable document. It’s a printout of a purchase. Detailed, itemized and precise. The prices on the document are exactly as stated on the corresponding reference guide I chose...
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A Deep Dive Into Friday's GDP Report, And The Long Road That Follows
Friday we get the Advance Estimate for Q3 GDP. But, seriously, how useful is the Advance Estimate? We will get a Second Estimate a month later and a Third Estimate a month after that. And then next...
View ArticleKids: Smarter Than Adults
It’s happened yet again: I found another movie presumably made for kids that easily beats many of this season’s predictable box-office yawners. The movie this time is The Pirates! Band of Misfits. It...
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It's Ben Bernanke And Bill Ackman Versus The Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) was forced to intervene in the currency market again last night. This is the second time in a week that the upper end of the USDHKD peg has been tested by...
View ArticleResponsible Investment in Europe: Let’s Hear it for Philosopher Kings
By Kimberly Gladman, CFA, Ph.D., Director of Research This year’s European SRI Study estimates that €6.8 trillion in European AUM (as of 2011) are being invested using at least one responsible...
View ArticleUS dollar has done nothing since QE3
Federal Reverse’s QE-Infinity has started showing up on Fed’s balance sheet. Source: Federal Reserve But since the announcement of the new large-sale asset purchase programme, despite all the...
View ArticleMingling with Financial Advisers at the Investment News Alternative...
I spent the day in Chicago where I’d been invited to debate the merits of my book, The Hedge Fund Mirage, with a pleasant fellow named Ed Butowsky who runs a fund of hedge funds. I’ll leave it to the...
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We Need To Stop The China Bashing And Start Discussing The Trade Deficit
Paul Krugman and Ezra Klein both say, following Joe Gagnon, that the time for criticizing China for "currency manipulation" has passed. This is partly true in the sense that China's currency has risen...
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