Harris&Ewing “Street scene with snow, F STreet Washington, DC” 1918
theautomaticearth.com / by Raúl Ilargi Meijer / January 28, 2015
“What surprises me is that this all-or-nothing positioning takes anybody in. Debts are debts? Please.”
• Why Europe Will Cave to Greece (Bloomberg)
A prediction for you: Greece and the European Union will split […]
sovereignman.com / by Simon Black on January 27, 2015
At two in the morning, Krisbell quietly slips out of bed so as to not wake the two small children curled up next to her.
She grabs her phone and quickly dials her friends’ numbers as she’s already headed out the door to get the […]
market-ticker.org / by Karl Denninger / Jan 27, 2015
With the Dow futures down 241 points overnight (and more than an hour before the open), erasing all of yesterday’s gains and then some, I thought I’d point out a few things that nobody seems to want to discuss in the so-called “media.”
First, while the […]
zerohedge.com / by Tyler Durden on 01/26/2015 20:45
After 2 days of dramatic weakness in the Chinese currency, the Yuan is strengthening modestly at the open following the 8% plunge year-over-year in Chinese Industrial Profits. This is the biggest drop n profits since Bloomberg data began and points to accelerating weakness in China’s economy […]
kingworldnews.com / January 24, 2015
After another fascinating week in global markets and the ECB announcing they are going to print vast quantities of money to support the tattered European banks and bond markets, today John Mauldin spoke with King World News about the shocking level of desperation that we are now seeing around […]
zerohedge.com / by Tyler Durden on 01/21/2015 17:00
While Crude Oil and Dr. Copper are often cited as economic indicators, as @Not_Jim_Cramer notes, in fact Lumber prices are the most correlated with ISM and GDP of all industrial commodities. That is a problem. Lumber prices are tumbling and are breaking the 6-year up-trend that […]
zerohedge.com / by Erico Matias Tavares via Sinclair & Co. on 01/21/2015 12:36
Greece’s bailout program is not working. After receiving hundreds of billions of Euros in new loans to stave off a sovereign default, Greeks are on the verge of electing a new government that may throw Eurozone politics into turmoil.
From the […]
zerohedge.com / Via ADM Investor Services’ Marc Ostwald on 01/21/2015 11:46
As we have reiterated very frequently over recent years, the biggest vulnerability in the post crisis environment was that central banks start to make policy errors, by taking activist and precipitous decisions. Thus following on from last year’s error by Norges Bank (and noting […]
zerohedge.com / by Tyler Durden on 01/20/2015 14:28
One of the macroeconomic observations that has gotten absolutely no mention in recent months is the curious fact that while global economic growth has not imploded in recent quarters, it is because GDP has been represented, as is customary, in local currency terms. Of course, this […]
caseyresearch.com / Chuck Butler / January 20, 2015
In This Issue.
* Chinese 4th QTR GDP at 7.4% * ANZ say RBNZ rate hikes get delayed. * U.S. has bad data week last week. * Barry Eichengreen on a Tom Terrific Tuesday!
And Now. Today’s A Pfennig For Your Thoughts.
Lying Or Stretching The Truth?
zerohedge.com / by Tyler Durden / 01/20/2015 09:44
It was all so awesome. Chinese GDP ‘beat’ expectations which means everything is great (apart from it being the worst growth in 24 years) and so stocks rallied, helped by even moar ECB QE jawboning. But this morning’s plunge in crude and copper (global growth?) finally knocked […]
zerohedge.com / by Tyler Durden on 01/19/2015 21:11
China’s broad stock indices were flip-flopping between gains and losses from the open (although securities firms continued to get monkey-hammered on more tightening by regulators) heading into the avalanche of data that hit at 2100ET. GDP growth – which was estimated at sub-7% based on real-time […]
davidstockmanscontracorner.com / by Michael Pento • January 19, 2015
On January 7th CNBC’s Rick Santelli and Steve Leisman engaged in a heated debate that posed an interesting question; is the free market at work keeping interest rates low, or is it the central banks’ put? This made me consider the real question to ask which […]
zerohedge.com / by IMF Managing-Director Christine Lagarde, originally posted at Project Syndicate on 01/19/2015 16:05
As 2015 begins, policymakers around the world are faced with three fundamental choices: to strive for economic growth or accept stagnation; to work to improve stability or risk succumbing to fragility; and to cooperate or go it alone. The stakes […]
marctomarket.com / by Marc Chandler / 18 January 2015
The investment climate has become more treacherous. Weak wage growth and disinflationary headwinds are making market participants question likelihood of a Fed rate hike around mid-year.
The Swiss National Bank’s jettisoning its prior strategy has thrown many investors off balance and less secure of their footholds. […]
zerohedge.com / by Tyler Durden on 01/18/2015 11:08
This year, President Barack Obama took the unusual step of unveiling many of State of the Union policy proposals in detail well in advance of Tuesday’s prime-time speech before a joint session of Congress.
“Why stand on formalities? Let’s get the ball rolling right now,” Mr. […]
blog.milesfranklin.com / by Bill Holter / January 15th, 2015
There are two separate subjects to talk about today, one is oil and the other copper. Oil has been cut by more than half in just six months. As I speculated last week, I believe someone, somewhere “is already dead”. For all intents and purposes, the […]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / January 15, 2015
So German economy expanded 1.5% in 2014 and managed a budget deficit of just 0.4% of GDP. That’s the latests numbers and they are beating performance since 2011. Which is good news.
Except for the bad news. Take a look at CES-Ifo data on current […]
globaleconomicanalysis.blogspot.com / by Mike “Mish” Shedlock / January 14, 2015
So much for those allegedly strong Christmas sales. In fact, sales of nearly everything were down in the today’s Commerce Department Retail Sales Report for December 2014.
Retail sales were down 0.9% compared to November vs. economist expectations of a 0.1% decrease. November was […]
zerohedge.com / by Tyler Durden on 01/13/2015 16:47
For all those who have forgotten that the I in the GDP equation stands for Investment, here is a reminder courtesy of the latest crude collapse victim, Suncor, which moments ago announced it is not only cutting its 2015 CapEx by $1 billion (as in I, directly […]