A Return to a Nasty External Dynamic?
At the moment, the economic dynamic is exceedingly complicated. An understatement, I fear. The crosscurrents in the data and the markets are treacherous, and I... Read »
Shocker: Politicians Playing Politics with Their New Car Companies
The latest conspiracy theory making its way around the Internet is that the Obama administration is punishing Republican leaning car dealerships. Specifically, those... Read »
The Banks Aren’t Ready to Give In on Derivatives Yet
A week or so ago it looked like everyone was on board with the plan to put most derivatives into a central clearinghouse and allow certain bespoke contracts to be... Read »
One Green Shoot and Lots of Weeds in Japan’s Economic Data
Japan had a green shoot amidst recent economic data. Industrial production was up 5.2% in April over March. Unfortunately this shoot was found in a field of weeds. Reuters... Read »
Fed’s Fisher Says Economy Will Not Recover in a “Meaningful” Way
Despite having some “green shoots” beginning to sprout and set the stage for a recovery, the economy will not recover in a meaningful way before the... Read »
3 Ways to Stay Safe in this Market
Is this a “normal” market? GM is bankrupt. Unemployment is rising every month. Oil prices are up 90% in six months. And the market goes up. Does it make any... Read »
Target Defeats Ackman; Shareholders Side with the Company
Activist shareholder Bill Ackman of Pershing Square Capital, who holds nearly 8% of the shares in Target (TGT), failed to ignite the sort of fire under shareholders... Read »
Pimco’s Bill Gross on Economy
Talking on CNBC about “the new normal”, Pimco’s founder and co-CIO Bill Gross, said “the Dow isn’t going back to 14K, and investors... Read »
OPEC Cartel: The New C Word
A cartel is an organization of producers that agree to coordinate prices and production. The Organization of the Petroleum Exporting Countries (OPEC) is a cartel... Read »
PIMCO’s Gross Sees A Bleak Future
This isn’t really news but Bill Gross set forth his expectations for the economy over the medium term. It’s pretty much the same pitch we’ve heard from PIMCO... Read »






