Feb 8

European Bloodbath Spills Over to US Markets: Deutsche

European Bloodbath A bloodbath that stated in Europe quickly spilled over into the the US markets today. European bank shares were…

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Feb 6

GDPNow Jumps to 2.2% Following Jobs Report: Atlanta

Following Friday’s mediocre jobs report, the Atlanta Fed GDPNow Forecast made a surprising leap. The GDPNow model forecast for real GDP…

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Feb 5

LinkedIn Plunges 43%, $11 Billion Wiped Out: Where

LinkedIn Plunges 43% Earlier today, in a strange twist of fate I exchanged emails with Georgetown University professor Salil Mehta regarding…

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Feb 4

Currency Wars and a Job Gain Recession?

I am entertaining the notion of a “Job Gain Recession“. A chart of year-over-year nonfarm employment shows that’s nearly what happened…

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Feb 3

Chicago on Brink of Bond Market Shutoff: Tax-Exempt

Verge of a Bond Market Shutoff The Chicago Board of Education is on the verge of a bond market shutoff. On January…

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Jan 28

Shocking Crash: Durable Goods Orders Plunge 5.1%, Shipments

Crash! Durable goods orders and shipments crashed in December. The Econoday Consensus Estimate for durable goods new orders was a 0.2% rise.…

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Jan 27

Oil Inventory Hits “Levels Not Seen in 80

"Levels Not Seen in 80 Years" The supply glut in oil storage continues as crude. Inventories hit new all-time highs this…

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Jan 25

Dallas Fed Region Activity Plunges to Lowest Reading

Those expecting a bounce in manufacturing following an alleged improvement in the Philadelphia Region were mistaken. In Philadelphia, all that really…

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Jan 22

China Openly Pledges to Sink the Yuan vs.

China Drops Dollar Peg If China was really serious about doing what every major country in the world does, it would…

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Jan 21

Is Mario Draghi a Bare-Assed Emperor With No

ECB Hints at March Stimulus ECB president Mario Draghi ignited the markets today with Hints at More Stimulus in March. Investors reacted…

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Jan 20

Shell Fires Another 10,000; Energy Layoffs Top 250,000;

Shell Fires Another 10,000 As reflective of trends in the industry Shell Fires 10,000 Workers As its fortunes collapse due to…

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Jan 19

Italian Banks Hammered; Bad Loans Hit €201 Billion;

Italian Banks Hammered Things don't matter until they do. For whatever reason, things in Europe are starting to matter. For example,…

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Jan 18

Hollande Declares “Economic Emergency” to Save Jobs –

Emergency Effort to Save Hollande's Job With a national election 15 months away and unemployment not falling, a crisis in France…

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Jan 17

Sanctions Lifted: Iran About to Unleash Tidal Wave

Futures this evening show Brent Crude is just over $28 a barrel, down another 3.4 percent. At one point futures…

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Jan 16

Weekend Entertainment Courtesy of Jim Cramer: “How I

The "Big" Rebound Those looking for a laugh this weekend need look no further than this video of Jim Cramer on…

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Jan 15

December Retail Sales Negative; Other Economic Data Horrid

Despite glowing reports of last minute Christmas sales, none of which I believed, December retail sales are best described as…

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Jan 14

Deflationary Pressures Mount: Export Prices Sink 1.1%, Import

Deflationary Pressures Mount Export and import prices continued the collapse today according to the latest BLS Data. Export prices fell 1.1%,…

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Jan 13

Spotlight on the “Con” in Consumer Confidence: Confidence

Confidence Improves Hooray! The consumer conference board says Consumer Confidence Index Improves in December. The Conference Board Consumer Confidence Index® now stands…

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Jan 12

Decoupling Ridiculousness; US Rail Traffic Is Outright Recessionary

Global shipping traffic is awful. Worse yet, US rail traffic is downright recessionary looking. Recessionary Decline in Rail Traffic Bloomberg reports Rail…

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