Tuesday: Retail Sales, PPI, Empire State Mfg Survey
Tuesday: Retail Sales, PPI, Empire State Mfg Survey by Bill McBride on 1/14/2013 09:03:00 PM From the NY Times: Obama Says G.O.P. Won’t Get ‘Ransom’...
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China: Recognizing the Need for Economic Adjustment
In China, I have argued many times, high growth is no longer compatible with a strengthening balance sheet. If China is growing at a rate...
Bernanke to Congress: Do your job, Pay the Bills
Fed Chairman Ben Bernanke was very clear. The "debt ceiling" is about paying the bills, not about new spending. He urged congress to do their...
The Ticking Time Bomb in Bond Funds
Here’s that theme again – investors are increasingly concerned about the crowded trade in bonds primarily thanks to the Federal Reserve’s herding of investors into...
Optimism on the Rise – Should You “Fear the Cheer?”
A crowd follower does the opposite of a contrarian. Like a red light camera, contrarian indicators are effective because most people aren’t aware of them....
Part of the Answer is Hubris
There is, of course, substantial economic literature on financial fragility … that seeks to explain credit bubbles in behavioural terms – exploring how, for example,...
What You Need to Know About Emerging Markets Today
In November, China’s apparent oil consumption rose by + 0.94 million barrels per day, year over year, to a new record high of 10.5 million...
Apple (AAPL) Halves iPhone 5 Part Orders Due to Week Demand: Report
The Wall Street Journal is reporting that Apple (AAPL) has cut in half its orders for the iPhone 5′s 4-inch screen in the current quarter...
Arms Races and Sales and Sunday Reading…
"Demand for big-ticket U.S. weapons is expected to stay strong for at least the next few years, the trade group said in a 2012 year-end...
Health Care Thoughts: Electronic Medical Record Meltdown
In the past I have predicted the EMR focus of the Obama administration might not work as well as intended. Sadly, and many billions of...