Aug 30

Cost of PUTs on Shanghai Index Hits Record

In spite of the recent plunge on the Shanghai index, as recently as August 24, CALL options on the index…

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Aug 29

Still “Too Early” to Decide on Rate Hikes:

Still "Too Early" After all the hemming and hawing by nearly every Fed governor, and despite the fact the Fed has…

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Aug 28

Fed Queen Race: Personal Income Rises 0.4% as

Personal income for July rose as expected in today's Personal Income and Outlays report. Consumer spending rose nearly as expected,…

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Aug 27

Yet Another Dispute Over GDP; What’s Really on

Disputes over GDP go on and on and on. MarketWatch reports By another measure, the U.S. economy was ho-hum in…

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Aug 26

Economic and Social Tipping Points: Have We Arrived?

Economic Tipping Points Was the Surprise Devaluation and Currency War by China two weeks ago an economic tipping point? How about the…

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Aug 25

Another Wild Ride; Stocks Collapse Into Close; Dip

When I went to bed last night (actually something like 3:30 AM this morning), Dow Futures were up something like…

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Aug 24

Chinese Stocks Extend Slide, Down Another 6%; S&P

Following a day in which only 6 out of 500 S&P 500 stocks rose, a snap back of some sort…

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Aug 22

Don’t Worry, IMF Says “Premature” to Speak of

Growth in China is slowing rapidly. How rapidly is a subject of much debate. Today, a senior IMF official says…

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Aug 21

Oil Crash Continues: West Texas Crude Below $40,

The crash in oil prices continues. Here are a couple charts to consider. West Texas Crude   Brent Crude   West Texas Intermediate broke the…

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Aug 20

Strong Home Sales? Price Mismatch?

Economists are bubbly over home sales, especially existing home sales that came in at the top end of the Bloomberg…

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Aug 19

Another Round-Trip in Crude; Search for Inflation; Another

Crude prices are back to where they were in 2004. Before that, crude previously topped near $41 in September of…

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Aug 18

Motor Vehicles, Housing Starts Boost GDPNow 3rd Quarter

A 15% boost in motor vehicle assemblies added 0.5 percentage points to the Atlanta Fed GDPNow Forecast for 3rd quarter…

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Aug 17

“Out of the Blue” Plunge in New York

Out of the Blue Plunge Last month, the Empire State Manufacturing report eked out a small gain, giving economists grounds for…

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Aug 16

Major War Resumption in Ukraine

A reader emailed a link to an article proclaiming Ukraine Erupts into all-out WAR! Cease Fire Ends as multiple cities…

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Aug 15

BLS vs.Gallup Unemployment Rate – Massive Discrepancies

The Gallup Daily U.S. Employment , poll estimates unemployment at 6.3% and underemployment at 14.5%.   Gallup cautions: "Because results are not…

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Aug 14

Sentiment as a Measure of Health of the

The University of Michigan consumer sentiment numbers came out today. Sentiment is down again this month, albeit slightly. Yet, confidence…

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Aug 13

3rd Quarter GDPNow Estimate a Weak 0.7% Despite

The Retail Sales Upward Revisions will likely add a couple ticks to second quarter GDP, but overall growth still remains…

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Aug 12

Massive Fireball Explosions in Chinese Port City of

A shipment of explosives went up in flames in the Chinese city of Tianjin. The Guardian reports least 17 Dead…

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Aug 11

China Joins Currency War With Surprise Devaluation, Biggest

Surprise Devaluation In a move sure to heighten trade tensions with protectionists in US Congress, Surprise China Devaluation Marks Escalation of…

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