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...
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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...
Politics and Specific Policies
by Robert Waldmann At Frum forum Justin Green extensively quotes Jeb Golonkin on how conservatism could be much better if conservatives made specific policy proposals. ...
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...
On Hedge Fund Fees and Performance
I don’t think hedge funds are an optimal way to manage assets. Here are some of my reasons: The fees are too high. Why pay...
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...
Europe Summit Update
No announcements yet. There is much more being dicussed at the summit than just the Greek situation. Here are a few articles ... From the WSJ: EU Leaders...
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...
Zillow: House Prices Continue to Rise
Is this a turning point or a dead cat bounce? I’d say it’s signs of positive improvement and I am infinitely more bullish on housing...
Jobless Claims Soar After Superstorm Sandy
Last week, jobless claims dropped after they surged in the wake of Hurricane Sandy. For the week ending Nov. 17, approximately 410,000 people filed for...