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The market rallied after release of the monthly Employment Report from the government this morning. However, that was only a reaction to irrational fears of a worse report. The one that was released was bad in an absolute sense, with the real unemployment rate rising to 16.7%. It's a depression, but the deniers have the upper hand right now...
Happy Thursday to all. The market is looking interesting today. We have some solid drop in the unemployment claims that was below expectations. Yet...
Apparently word of CBO's existence has not made its way to Fox on 15th Street. How else can we explain the Post's failure to mention CBO's analysis of the impact of the stimulus...
Developments in Romania today support our recent bearish call on the leu. EUR/RON has risen after we went long Aug 30 around 4.24. We still target the record high 4.40 from June...
Orexigen Therapeutics (OREX) finally becomes a major competitor in the race to get an obesity drug on the market. The oft-in-the-shadows biotech has garnered a pair-up with...
We are looking forward to a possible cooling of Employment in August slower economic growth, weaker auto sales, softer than hoped for back-to-school retail season. Consensus is...
According to the FDIC, the government's list of problem banks is now at its highest level since 1993.
If you don't like the current state of affairs in Washington and the politicians' cozy relationship with Wall Street then vote the bums out.
We had just returned from our last vacation but I have a confession to make while we were there, I convinced Scott that we should squeeze in just one more summer vacation before...
