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Ten Macro Thoughts for the Week Ahead
1. The monthly establishment survey of the US employment report was stronger than expected and sufficient to lift the 3-month private sector average (190k) above the 6-month average (175k). Yet it is...
View ArticleFrontrunning: November 14
Yellen to defend Fed's ultra-easy monetary policy (Reuters)Japan growth slows on global weakness (WSJ)Eurozone third-quarter growth falters (FT)Fed Debates Its Low-Rate Peg (Hilsenrath)Yellen: Economy...
View ArticleFrontrunning: November 15
China to Ease One-Child Policy (WSJ), China announces major economic and social reforms (Reuters)Consumers line up for launch of PlayStation 4 (USAToday)Trust frays between Obama, Democrats...
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Guest Post: The Coming Bust Of The Great Bakken Oil Field
Submitted by Steve via SRSrocco Report blog,There has been a lot of Fanfare on the huge increase of oil production coming from the Bakken Field located in North Dakota. There are many stories of...
View ArticleFrontrunning: November 18
What can possibly go wrong: Tepco Successfully Removes First Nuclear Fuel Rods at Fukushima (BBG)Japan's Banks Find It Hard to Lend Easy Money (WSJ)U.S. Military Eyes Cut to Pay, Benefits (WSJ)Airbus...
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The Failure Of Abenomics In One Chart... When Even The Japanese Press Admits...
Since late 2012 Zero Hedge has been very critical of Japan's Abenomics experiment, and its first and only real arrow: a massive increase in the monetary base thanks to the BOJ's shock and awe QE...
View ArticleFrontrunning: November 19
J.P. Morgan, U.S. Reach Historic Settlement (WSJ)OECD cuts global growth forecast (AP)Guess the profit margin: Wal-Mart Touts $98 TV as Holiday Seen Weakest Since 2009 (BBG)Republicans defy threat,...
View ArticleFrontrunning: November 20
JPMorgan $13 Billion Mortgage Deal Seen as Lawsuit Shield (BBG)J.P. Morgan Is Haunted by a 2006 Decision on Mortgages (WSJ)World powers, Iran in new attempt to reach nuclear deal (Reuters)Keystone Foes...
View ArticleFrontrunning: November 21
When it fails, do more of it - Bank of Japan hints at extending ultra-loose monetary policy (FT)PBOC Says No Longer in China’s Interest to Increase Reserves (BBG)Fed casts about for endgame on...
View ArticleFrontrunning: November 22
Wonder why: JPMorgan plans to keep pay roughly flat from last year (Reuters) - maybe this: Charles Schwab Warns "We Are In A Manipulated Market"Democrats overturn filibuster rule, increasing Obama’s...
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The Amazing Disappearance Of Gold From The American Psyche
Submitted by Simon Black of Sovereign Man blog,In George Orwell’s seminal work 1984, there’s a really great scene early in the book between Winston (the main character) and Syme, a low-level...
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Returning 2706% In The Past 40 Years, The Best Performing "Yellow" Asset Is...
Monopolistic supply? Thriving wealth-effect-driven demand? As we noted previously,Medallions – essentially the right to operate a for-hail taxi in New York City – now trade for as much as $1.3 million,...
View ArticleFrontrunning: November 26
M&A Mystery: Why Are Takeover Prices Plummeting? (WSJ)Hedge-Fund Fight Club Traded Illegal Tips Not Punches (BBG)Speed Traders Meet Nightmare on Elm Street With Nanex (BBG)A new wave of U.S....
View ArticleFrontrunning: November 29
So much for the euphoria: Stores open early on Thanksgiving but shoppers in no rush (Reuters)Get to work Mr. Chairwoman: Do-Nothing Congress Dithers on Budget as Deadline Nears (BBG)FX to Libor Probes...
View ArticleGuest Post: (Un)Paving Our Way To The Future
Submitted by James H. Kunstler via Peak Prosperity blog,You can’t overstate the baleful effects for Americans of living in the tortured landscapes and townscapes we created for ourselves in the past...
View Article1974 Enders To Kissinger: "We Should Look Hard At Substantial Sales & Raid...
Four years ago we exposed what appeared to be a 'smoking gun' of the Fed's willingness to manipulate the price of gold. Then Fed-chair Burns noted the equivalency of gold and money, and furthermore...
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Auto Makers' Channel Stuffing Highest Since 2005
While the abundance of commercials for cars across all media this time of year is nothing new, the manufacturers (and even more so the dealers) are likely getting more desperate. As Bloomberg reports,...
View ArticleFrontrunning: December 3
With website improved, Obama to pitch health plan (Reuters)Joe Biden condemns China over air defence zone (FT)Tally of U.S. Banks Sinks to Record Low (WSJ)Black Friday Weekend Spending Drop Pressures...
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These Were The Most Sold Items On Walmart's Record Breaking Cyber-Monday
Walmart today announced that Cyber Monday 2013 was the biggest online sales day in its history. The five-day period from Thanksgiving to Cyber Monday is the highest five-day stretch in online sales for...
View ArticleFrontrunning: December 4
EU Fines Financial Institutions Over Fixing Key Benchmarks (Reuters)Euro-Area Economic Growth Slows as Exports, Consumption Cool (BBG) - someone has a very loose definition of growthUkraine Officials...
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