It's dangerous when the market's at record levels to reach for a positive rationalization that has never held true in the past -Howard Marks — Jesse Felder (@jessefelder) July 24,... The post Investors Are Relying On ‘Dangerous Rationalizations That Have Never Held True In The Past’ was originally published at The Wall Street Examiner. Follow the money!
Yahoo's decline reveals the dirty little secret of executive comp -- showering CEOs with stock doesn't work
Chris Dillow: Brexit: a blow to the low-paid?: The CBI reported today that manufacturers’ business confidence has fallen at its fastest rate since early 2009, causing falls in investment and hiring plans. This corroborates surveys by Deloitte, Markit (pdf), the...
Hillary Clinton has always been at the head of her class, especially the biggest failed class of all. The post Hillary Clinton: Class President of A Failed Generation was originally published at The Wall Street Examiner. Follow the money!
Warns stability could be threatened because Britain's economy and financial system are so closely connected with the U.S.
Economist Tom Lawler sent me the table below of short sales, foreclosures and all cash sales for selected cities in June.On distressed: Total "distressed" share is down year-over-year in all of these markets. Short sales and foreclosures are down in all of these areas.The All Cash Share (last two columns) is mostly declining year-over-year. Show More Summary
The more intellectually stimulating and social a person's job is, the better for their aging brain, a new study suggests
(July 25, 2016 04:14 PM, by David Henderson) In a Facebook comment on my recent post on Peter Thiel and Donald Trump's foreign policy views, my friend Stephen M. Jones wrote (I quote with his permission): Tyler Cowen had an important post linking this article about Trump and... (0 COMMENTS)
Soon after I reviewed Calum Chace’s book, he reviewed mine: I can’t remember ever reading a book before which I liked so much, while disagreeing with so much in it. This partly because the author is such an amiable fellow. … Continue reading ?
One trainer in London offers to boost your Pokemon account up to Level 20, which is very high, for a price of $185
By Lambert Strether of Corrente. TPP/TTIP/TISA Kaine on TPP (1): “A Clinton aide confirmed to CBS News that Kaine had made a private commitment to Clinton that he would now oppose TPP, falling in line with the former secretary of state’s declared view on the trade deal” [CBS] A “private commitment. ” Oh, OK. Kaine […]
Marilyne Tolle at the Bank of England's Bank Underground blog: Central bank digital currency: the end of monetary policy as we know it?: Central banks (CBs) have long issued paper currency. The development of Bitcoin and other private digital currencies...
The FOMC will meet on Tuesday and Wednesday, and no change to policy is expected.There will no economic projections released at this meeting, and there is no scheduled press conference by Fed Chair Janet Yellen (in the unlikely event...Show More Summary
From the Dallas Fed: Texas Manufacturing Activity StabilizesTexas factory activity held steady in July, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state...Show More Summary
Judge in money laundering case ruled bitcoin wasn't like cash because it is not backed by a government or a bank
Verizon wins the bidding for Yahoo; Nintendo shares plunge on Pokemon news; high-paid CEOs don't outperform lower-paid chief execs. These headlines and more from CBS MoneyWatch.
On more than one occasion, Donald Trump has suggested that the official unemployment rate, which is currently sitting at 4.9 percent, is a “phony” number that makes the economy seem healthier than it is. The real unemployment rate, the...Show More Summary
Remember that old movie, The Exorcist, with its demonic spewage of projectile vomit. Expect something like that on the grand scale in Philadelphia this week as the Exalted-Breaker-of-Glass-Ceilings steps forth to accept her victory tiara. The post The Odious Versus the Tedious was originally published at The Wall Street Examiner. Follow the money!
Federal Reserve Chair Janet Yellen is waiting for “overwhelming evidence” of a stout economy before she takes action. The post Waiting For Godot: US Treasury “Real Time” 10Y-2Y Yield Curve Breaks Below 50 was originally published at The Wall Street Examiner. Follow the money!
Where’s Joe McCarthy when we need him? There are numerous reports from respectable publications that Trump’s inner circle has been infiltrated by supporters of Vladimir Putin: MOSCOW—Excited by Donald Trump’s pledge to promote “easing...Show More Summary