GOOD NEWS: The Chicago Fed's New Financial Crisis Indicator Says We're In The...
The Chicago Fed has created a new indicator that more accurately predicts the onset of financial crises and recessions — and there's good news: we're nowhere close to either one.The index is actually...
View ArticleIT BEGINS: China's Once-In-Decade Leadership Transition Kicks Off
How China's Mysterious Leadership Transition WorksMeet China's President In Waiting: Xi JinpingThis Man May Soon Control China's EconomyCracking Down On Everything From Taxis To ToysThe Communist...
View ArticleThe Nor'easter Is Hitting NYC And Causing All Kinds Of Commuter Chaos
Little over a week after Sandy hit, another storm is creating more chaos in New York City.The nor'easter has been gradually hitting New York for much of the day. Thankfully, this time it looks like the...
View ArticleThe Communist Party's Enigmatic Hierarchy In One Simple Chart
In the same week that the U.S. relected president Obama, China has kicked off its once-in-a-decade leadership transition. While the U.S. electoral system is well known, the structure of the Chinese...
View ArticleAsian Markets Are Getting Whacked
The selloff first seen in the brutal US session continues.Now Asia is taking it on the chin.Both Korea and Japan are down over 1%.Here's the Nikkei.US futures, on the other hand, are ticking a little...
View ArticleA Massive Nor'easter Is Pelting The East Coast [PHOTOS]
The Nor'easter has made its way to the Mid-Atlantic and Northeast bringing with it strong winds and snow. For states like New York and New Jersey that are still reeling from the devastating impact of...
View ArticleThis Timeline Reveals How China's Incredibly Complex Leadership Handover Will...
China is kicking off its leadership handover November 8. We've previously explained hierarchy of the communist party and how the leadership handover works.But there's still some confusion about when...
View ArticleThe Republican Party Is Imploding
Republicans went into Tuesday's election fully confident that Mitt Romney would defeat Barack Obama.In the three months leading up to the election — and even in the dark days of the "47 percent" video...
View ArticleHU JINTAO: Corruption Could Be 'Fatal' For The Communist Party But China Will...
Hu Jintao kicked off the 18th Communist Party of China (CPC) National Congress at the Great Hall of The People in Beijing.With anger mounting over corruption in China, the current president spent a...
View ArticleHere's How We Know Beijing Is Terrified About Social Unrest
It's been 91 years since China's Communist Party was first founded but, the party is growing increasingly antsy about its survival.The Bo Xilai scandal has drawn attention to rampant corruption within...
View ArticleMarkets Have Stabilized
After yesterday's massive selloff in Europe and the US, markets have stabilized.European markets are up modestly. For example, Italy is up 0.4%. Spain is up 0.25%.US futures are also up in the same...
View ArticleThe Athens Stock Market Is Getting Destroyed
The Greek stock market is not reacting positively to the news that the government managed to pass its austerity vote yesterday.The Athens market is down 2.5%, and as Efi Efthimiou notes on Twitter,...
View ArticleHere's The Truth About That Chart Showing A '100% Chance' Of Recession
Note to readers -- It was either this topic or the fiscal cliff. Since I have explained for many weeks that we will not be doing any cliff diving, I am choosing to take up the recession chart. So...
View ArticleThe Euro Is Diving, US Futures Turn Red, European Markets Tank
Markets were stable earlier, but no more.It's not entirely clear what's going on, but the euro just dived.Equity markets have fallen as well within the last several minutes.Italy, which had been...
View ArticleEveryone Is Furiously Parsing The Statement That John Boehner Made Yesterday...
Until it's resolved, the Fiscal Cliff is going to be the top topic of conversation.Today: Everyone will be trying to parse what John Boehner meant yesterday, when he said Republicans were willing to...
View ArticleThe ECB Announces Interest Rates Today—Here's What You Need To Know
At 7:45 AM ET, the ECB announces its monthly policy decision regarding interest rates, followed by a press conference and Q&A session at 8:30.Citi economist Jürgen Michels notes that today's...
View ArticleAwful New Greek Unemployment Statistics
From statistics.gr, a fresh batch of truly awful Greek employment numbers.Unemployment rate in August 2012 was 25.4% compared to 18.4% in August 2011 and 24.8% in July 2012. The number of employed...
View ArticleWal-Mart's 'Black Friday' Sale Will Actually Start At 8 PM On Thanksgiving —...
* Walmart U.S. starting specials at 8 p.m. on Thanksgiving* Deals starting two hours earlier than in 2011* Those in line guaranteed access to iPad 2, TV, Blu-rayNov 8 (Reuters) - Walmart will kick off...
View ArticleMORGAN STANLEY: 4 Reasons To Be Bullish
Four interesting bullet points here from Morgan Stanley's Cross-Asset Strategy team.1. The lifting of US election uncertainty is even more relevant for markets than the actual election outcome, in our...
View Article10 Things You Need To Know Before The Opening Bell
Good morning. Here's what you need to know.Asian markets sold off hard in overnight trading following yesterday's U.S. session, with the Nikkei falling 1.5 percent. European markets are generally...
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