No Discount On Democracy
With shopping on so many minds this past holiday weekend, I ran a Google search for the phrases “democracy for sale” and “Citizens United,” and...
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Morning News on WMT, COP, KCG, AAPL and more…
Morning Market Update: Market Levels • US: Dow: 12909.00 (-0.40%), S&P 500: 1399.30 (-0.43%), NASDAQ: 2627.50 (-0.26%) • Europe: CAC: 3501.99 (-0.77%), DAX: 7283.59 (-0.35%),...
Ron Paul Shares Some Thoughts About Secession
Like most things that outgoing Rep. Ron Paul (R-TX) has said over the years, a lot of people will just shake their heads and quickly...
Black Friday: Wal-Mart Sales ‘Good’, While Target ‘OK’
Deutsche Bank research analysts reports, it was evident that shoppers planned to take advantage of the deals on Thanksgiving Night, as the analysts saw strong...
Q3 GDP: Here come the upward revisions
Next Thursday, the BEA will release the second estimate of Q3 GDP. The consensus is GDP will be revised up to 2.8% annualized growth, from...
China not crash landing
While the U.S. was gorging on turkey, China printed the highest HSBC Flash PMI in 13 months and looks to be ending a 7 quarter...
Still follow the BRICS road?
A recent in Foreign Policy Magazine asked whether or not the BRICS nations are the future of the global economy. While the article acknowledges that...
It’s No Wonder People Don’t Understand the “Public” Debt
The problem is that even in standard economists’ usage, “public” is used in two different ways: 1. “Public” debt: debt owed by the government. In...
Weekly Initial Unemployment Claims decline to 410,000
The DOL reports: In the week ending November 17, the advance figure for seasonally adjusted initial claims was 410,000, a decrease... 41,000 from the previous...
Housing Starts at Four Year High on Multi-Family Units
The Commerce Department reported(.pdf) that housing starts rose to their highest level since July 2008 and building permits saw their second highest reading in over...