Search completed
Which Way Wednesday – On the 50% Line – Again Courtesy of Phil Davis at Phil’s Stock World Wow, what a ride! Here we are back on the 50% retracement line at 1,121 on the S&P. As Barry Ritholtz points out, it’s the 5th time we’ve been here and, as I said yesterday, Barry says “Its going […]
American consumer spending is a funny thing. For years, throughout much of the 00’s, we watched in amazements as the US consumer went on the greatest spending binge in the history of Planet Earth. First, we spent all the money we had. Then, we spent all the money we didn’t have. We borrowed against our […]
Is it any surprise that among metro areas with populations above 1,000,000, Washington DC has the lowest unemployment rate? The Wall Street Journal reports: Among metro areas with populations over one million, Las Vegas had the highest jobless rate at 14.5% and Washington, D.C. and surrounding suburbs had the lowest at 6.4%. That’s funny, because […]
Sometimes I naturally assume that most “startup minded” people are folks who lean fairly strongly towards the free market. They typically are tolerant of government at best, and hostile towards it at worst (and I myself, I admit, lean towards the latter!) So when my wife sent along this guest column Intel legend Andy Grove […]
I put debate in quotes because I think Krugman is a joke, and I can’t believe anyone actually reads his stuff for anything other than pure entertainment. On Yahoo’s Tech Ticker, Niall Ferguson fires back with his side of the story – which is based on actual economic history, rather than Keynsian “pie in the […]
Save the Virgins! By David Galland, Managing Editor, The Casey Report This morning I read an interesting story in Soundings magazine. It recounted the final voyage of the S.S. Morro Castle, purportedly one of the safest ships afloat back in 1934 when it regularly transported revelers on junkets between New York and Havana. Then, on the night of […]
Guest article by Alex Daley, Senior Editor, Casey Research Talk of a double-dip recession is seemingly increasing these days. Home sales have dropped like a brick since the end of the special tax breaks for buyers. Weekly job reports are showing much larger rises in unemployment claims than previously expected by whoever it is that […]
Well, maybe not quite, but it certainly feels that way. Today, Ben Bernanke pledged to keep the benchmark interest rate at a record low for an “extended period.” (Source: Bloomberg) His commentary was, as usual, about as insightful as the look my 6-year old weimaraner gives me when I proofread my blog out loud to […]
I’ve been searching around for some charts of credit default swap spreads for US state governments (if anyone has a favorite source, please let me know). In the process, I came across this Economist piece, which profiled the finances of the American “problem states.” The case is made that the credit default swap spreads of […]
Fellow contrarians know that we’ve been following the Baltic Dry Index as a leading indicator of the Reflation Rally for some time now…in fact, we’ve been watching it with a wary eye all the way since last August! Well, topping processes can often be long, drawn out events. It looks like this has come to […]
Recent Comments