The FOMC minutes were just released from its recent 10/28 - 10/29 meeting. Here are the highlights: The information reviewed at the October meeting indicated that economic conditions deteriorated in recent months. The labor market weakened further in September as private payrolls fell at a faster pace than earlier in the year and the unemployment rate remained above six percent. Industrial prod...
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Those of you who have seen the chart below on my blog over the last year-and-a-half might have already guessed what it looks like after yesterday's dramatic plunge in the consumer price index - it's now screaming DEFLATION.Not that there's anyreal significance to the fact that it's screaming deflation.As noted here, in a world full of fiat money, "deflation" is nothing more than an am...
SINGAPORE (Reuters) - U.S. crude oil fell more than $1 a barrel on Thursday, a fifth session of falls, after U.S. crude stocks climbed twice as much as expected, signaling an economic downturn is eating into fuel demand.
German October PPI 0.0% m/m, 7.8% y/y, down from 8.3% y/y in September. This was much higher than expectations for a decline in the annual rate to 7.1%...
This 2 part series will cover recent market developments about Berkshire Hathaway, points to a strategy on how you may benefit more on the same trades he did recently and an option trading strategy that probably Berkshire uses for maximizing it returns on the underlying they find worth investing. Don’t forget to read the big picture of US stock markets. Markets are behaving pretty much th...
First, I want to let you know that I'm pleased how popular the "live chat" feature is, but rest assured, if someone claims to be me, it isn't. I don't have time to shave (or, usually, even get dressed) in my life. God knows I don't have time to hang out in chat. So if someone's there claiming to be me, it isn't. Promise. (Or if it really is me, you will be dazzled at my virtually impossible typ...
Apologies for a late medical meeting, call night, Internet problems, and bad market rising.Another day, another beating for much of Wall Street.Can we distill this to a few charts?Thirty year bond yield. Deflation incarnate._________________________________________________________SP500...bombs away?_________________________________________________________Mamis-Meisler Breadth oscillator...10 pe...
Asian markets fell sharply after a late-day slump on Wall Street, with the health of the banking and auto sectors still cause for much concern.
The “Big Three” Automakers Bailout: Why Cling To These Lumbering Beasts Who Have Obstructed Progress?
Wed, Nov 19, 9:55 PM ET
It was quite a spectacle watching the heads of the Big Three automakers beg the Senate Banking Committee for another $25 billion in bailout money yesterday. Or should I say, watching them attempt to stick-up America. “This is about much more than just Detroit,” said General Motors (GM) chief Rick Wagoner, “It’s about saving the U.S. economy from a catastrophic collapse.&...
The latest Merrill Lynch Global and Emerging Markets Fund Manager survey, issued Wednesday, shows as much gloom as you'd expect these days. But...