We're Experiencing Truly Historic Times For Monetary Policy
This past summer Ramesh Ponnuru and I wrotethat it is time for monetary regime change:Twice in the last century, economic turmoil revealed the failure of a monetary regime and forced the West to...
View ArticleAfter His Business Collapsed In 2008, TV Star Todd Hoffman Saved His Family's...
Todd Hoffman was in the wrong business when the markets crashed in fall of 2008.He leased hangar space at an airstrip outside Portland, Oregon, mostly to corporations.But travel was one of the first...
View ArticleThe Shanghai Market Is On A Huge Tear
Big way to start Friday in Shanghai.With some economic momentum, and a strong FlashPMI report, the index is up about 1.7%. It briefly touched 2100.Please follow Money Game on Twitter and Facebook.Join...
View ArticleMarkets Are Rising After GIGANTIC Day In Shanghai
Markets are rising after a GIGANTIC session for the Shanghai Composite, which rose more than 4%.HSBC's Chinese Flash PMI hit a 14-month high, so that may be one factor in the rally.Germany is up...
View ArticleFlash German PMI Hits 8-Month High; France Hits 4-Month High
Eurozone FlashPMI numbers are out.Germany (here) has hit an 8-month high. France (here) has hit a 4-month high.In Germany's case the country is showing expansion, as the number rose to 50.5 to...
View ArticleSolving The Mystery Of Why There Hasn't Been A Rise In Housing Construction Jobs
The story of continuing weakness in US construction labor markets seems puzzling. Construction payrolls hit a new multi-year low (discussed here), yet both housing starts and construction spending have...
View ArticleJapan's Election Is Coming Up On Sunday — And The Yen Has Been Getting Creamed
Japan has an election coming up on Sunday, and here's the main thing you need to know: The frontrunner, former PM Shinzo Abe, has been making very loud noises about pushing forth a very expansionary,...
View ArticleClub In China Embeds 300 Kilos Of Gold Bars In The Floor Just For People To...
If China crashes into some kind of deep, hard landing, images like this one will be looked back upon as being quite telling.Via Bill Bishop's Sinocism newsletter a club in China has embedded 300 kilos...
View ArticleThis Week's Initial Jobless Claims Report May Have Killed Any Possibility Of...
Earlier this week I calculated what initial jobless claims were likely to have been ex-Sandy. I can now calculate that number for the week ending December 1. NY and NJ together were 60,888 of a total...
View ArticleA Sea-Changing Moment In Monetary Policy Could Arrive In The UK Sooner Than...
The big news in central banking this week came from the Fed, which announced the adoption of an "Evans Rule" a concept named after Chicago Fed President Charlie Evans, who proposed back in 2011 that...
View ArticleChina Had Its Best Day In Years Last Night — Here's What People Are Saying...
China had its best day in years last night.The Shanghai Composite was up over 4%.Matthew Holland of Morgan Stanley has some thoughts...China loves a Friday. Looking at the mail I wrote last Friday "I...
View ArticleThese 3 Sentences Sum Up Every 2013 Stock Market Outlook We've Read So Far
Here are three sentences from RBC Capital Markets' North American Equity Strategy Outlook - New Year 2013:A growing list of positive factors point to an up-year in for the equity market 2013. These...
View ArticleEICHENGREEN: Keep The European Union, Scrap The Euro
Europe’s crisis has entered a quiet phase, which is no accident.The current period of relative calm coincides with the approach of Germany’s federal election in 2013, in which the incumbent chancellor,...
View ArticleManufacturing In The US Is Making A Historic Comeback
For much of the past decade, General Electric’s storied Appliance Park, in Louisville, Kentucky, appeared less like a monument to American manufacturing prowess than a memorial to it.The very scale of...
View ArticleThe Full Story On America's Latest Gun Massacre
A 20-year-old man wearing combat gear and armed with semiautomatic pistols and a semiautomatic rifle killed 26 people — 20 of them children — in an attack in an elementary school in central Connecticut...
View ArticleMartin Feldstein's Solution To Congress' Tax Hike Debacle
Sixteen days away from the fiscal cliff and Washington has yet to agree to a fiscal cliff deal.President Obama wants to raise taxes and believes he has the mandate to do so, while Republicans want tax...
View ArticlePRESENTING: The 10 Most Conservative Members Of Congress
It's almost the end of this session of Congress, and looking back we can see who were the most conservative members. The DW-NOMINATE score was developed by Keith Poole and Howard Rosenthal as a way to...
View ArticleThe Latest Economic Data Have Been Good, But They Don't Tell Us Much About...
Just after Hurricane Sandy made landfall I wrote:"While the recent impact of Hurricane Sandy is yet to be assessed this could boost economic output in the very short term by roughly 0.5% which could...
View ArticleNow Here Are The 10 Most Liberal Members Of Congress...
It's almost the end of this session of Congress, so we're looking back to see who were the most liberal members. The DW-NOMINATE score was developed by Keith Poole and Howard Rosenthal as a way to...
View ArticleMBA Or CFA — Here's How You Decide
As we've covered the MBA subject briefly in a recent post and many readers wrote in for more, a natural follow up would be the classic question: CFA or MBA?A very, very popular question among potential...
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