Holiday Mirth, Economic Myth
“Commerce and religion and patriotism are all part of what we have come to know as the holidays,” opines Leigh Eric Schmidt, a humanities professor at Washington University in St. Louis.“Consumption...
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Alan Simpson's Campaign Of Fear Is Based On Myths About The US Debt
Former Senator Alan Simpson gave an interview on the Today Show this morning and here are a few comments he made."There's people that we owe $16 trillion bucks to." "We're in deficit to the tune of $1...
View ArticleEnergy Leveraging: An Explanation for China’s Success and the World’s...
If an employer wants to maximize profits, it will want to leverage its use of high-priced energy sources. From an employer’s point of view, there are basically three kinds of energy, from most to...
View ArticleAs Researchers Warn of Global Warming, Investors Can Measure Polluters
Rising carbon dioxide emissions make it less likely that global warming will stay below the international goal of 2 °C, according to recent research. Investors can take steps to evaluate which...
View ArticleDecember 06, 2012
The Future of the UK Economy: Slightly Better than Europe, yet Still Expecting Low Growth and Stagnation The most recent inflation report from the Bank of England (BoE) can be found here. Once again,...
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Why The Fed Won't Admit Big Banks Have Too Much Power In The Mortgage Market
The Fed has been laser-locked on keeping up the momentum in the US housing market.In its asset-purchase program, known as QE3, it’s been buying the mortgage bonds where almost all US home loans...
View ArticleSquatting on the shoulders of midgets
December 6, 2012 Santiago, ChileIsaac Newton, the father of classical mechanics and progenitor of nearly every technology we use today, was easily one of the top 10 most influential minds in all of...
View ArticleCliff Diving – Day 19
Not much here.The markets continue to slowly grind higher on strong seasonals. The S&P500 (SPY) gained 0.34 percent and the Russell was up another 0.16%. Utilities were strong, financials up...
View ArticleApple and Tim Cook
Nice reversal — again — in Apple.At least when they shake the tree really hard there are still buyers to pick up the nuts. They tried to sell it into to close but bids came in. The stock is in no...
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Has The US Housing Market Really Bottomed?
Everyone interested in real estate is asking the same question: Is the bottom in, or is this just another “green shoots” recovery that will soon wilt?Let’s start by reviewing the fundamental forces...
View ArticleThe Egyptian Train
Opportunities are usually like a train. Any questions?Opportunities are usually like a train. They arrive and then they depart…and disappear down the tracks. Choo-choo!!But opportunities are not always...
View ArticleDaily ETF Roundup: Thin Trading Ahead Of Jobs Report
Wall Street was in for a lackluster yet volatile day of trading, as investors braced themselves ahead of tomorrow’s key monthly government jobs report. On the economic front, data on the labor market...
View ArticleFrench Unemployment Still Rising
France’s unemployment rate has risen again, with the picture particularly bleak for young people…Using International Labour Organisation measurements, the jobless total reached 10.3 percent of the...
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The US Is Entering A New Era Of Fiscal Austerity
In discussing the fiscal cliff issue, the one big takeaway not to forget is that it is all about austerity----extreme austerity if we go over the cliff and a lesser amount of austerity if we settle it...
View ArticleEarth At Night
Very cool NASA satellite photos via Mashable.(click here if pictures are not observable)Read more posts on Global Macro Monitor »Please follow Money Game on Twitter and Facebook.Join the conversation...
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Guessing Nonfarm Payrolls Is A Joke
I always enjoy chatting on Twitter with Bloomberg’s Kathleen Hays (My twitter page is here). She asks great questions. In the course of a Twitter exchange last night she asked me for my forecast on...
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Companies Are More Likely To Opt For Buybacks Than Dividends
Last week’s record $587 million Powerball jackpot grabbed headlines.But some shareholders may get their own “Powerball” payout in the next few weeks as companies seek to distribute special dividends...
View ArticleCue Nonfarm Payrolls
Reuters Poll = 93K averageRange = 25K (BNP) – 145K (Nomura)(click here if video is not observable)Read more posts on Global Macro Monitor »Please follow Money Game on Twitter and Facebook.Join the...
View ArticleDAX and CAC Break Out
The “Girls with a Draghi Tatoo” are breaking out.That is, the German DAX and French CAC stock indexes are making new highs. Ever since the ECB’s Mario Draghi “whatever it takes to preserver the...
View ArticleUBS And Nomura Like Gold Ahead Of Next Week's Fed Meeting
NOTE: This post was initially published before this morning's jobs report.Gold crept higher in Asia overnight prior to selling, then saw initial gains lost. Gold and silver are headed for their second...
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