Finance
After an unexpected rebound for the last three months, The Conference Board's Consumer Confidence survey was expected to weaken in January amid surging cases of Omicron and higher-and-higher consumer prices.…
Yves here. In theory, spending more money on other US health care priorities, as we have with some elements of Covid response, would be desirable. But in a saying attributed…
Waves of borrowers in the federal Public Service Loan Forgiveness program are seeing their debts go to zero. Here’s how six of them finally got there.When the Department of Education…
Looking for more proof that the global economy is slowing fast? Then look no further than today's latest quarterly World Economic Outlook publication from the IMF, which slashed its global…
by Calculated Risk on 1/25/2022 09:15:00 AM S&P/Case-Shiller released the monthly Home Price Indices for November ("November" is a 3-month average of September, October and November prices).This release includes prices…
Stocks recovered after a sharp drop, but they are looking shaky again.Applauding the comeback.Spencer Platt/Getty ImagesWhat just happened?So far, 2022 is off to a rocky start for the stock market.…
Dr Fish Feelings (podcast) Conversations, Australian Broadcasting Company James Webb Space Telescope arrives at new home in space Space.com A Bug in Early Creative Commons Licenses Has Enabled a New…
An eight-year court case in Mexico involving the New York lender remains unresolved. And it could take another two years to reach a settlement. US mega-lender Citigroup, as I reported…
Yves here. Readers have sometimes depicted our current economic arrangements as neo-feudalism. Economists confirm that perception and build on the 19th century concept of industrial feudalism. By Hanna Szymborska, Senior…
This new political breed accepts paychecks in Bitcoin. The mayors also want to use buzzy new tech like NFTs to raise money for public projects.Scott Conger, the mayor of Jackson,…
“But are you short the market?” That is my favorite rejoinder to expressions of radical pessimism. It came to mind recently when I read an opinion piece suggesting that “the United States…
Yves here. This post describes how rigidities in Medicare, as in “home tests not allowed,” prevent the program from reimbursing Covid tests. One must ask why no one in the…
That is a reader request from Jerry Kate: Is crypto effectively adding to M2 or M3 money supply and hence inflationary (outside the control and models of central banks), or…
That is a reader request from Jerry Kate: Is crypto effectively adding to M2 or M3 money supply and hence inflationary (outside the control and models of central banks), or…
Via FLCCC Alliance,The results are in from the world’s largest study of ivermectin for COVID-19.Brazil has had over 23 million cases of COVID-19 since the pandemic began, with a 97%…
Many years too late, it appears The New York Times has suddenly discovered that the United States has been committing war crimes in Syria, coming long after it was clear Washington…
Commentary by James Dale Davidson via The Epoch Times (emphasis ours),As of 2016, China’s empty apartment units could house New York City 27 times over.Skyline of Shenzhen in Guangdong Province,…
Premier NFT marketplace OpenSea may have successfully leveraged the NFT boom for a monster $13 billion valuation, but it's system is still riddled with security flaws, one of which was…
Submitted by NRA-ILA.,Last weekend, when four hostages were taken at Congregation Beth Israel Synagogue in Colleyville, Texas, countless people remained transfixed on their televisions and computers, awaiting the outcome. Fortunately, the…
Longtime Tesla partner Panasonic looks once again to be slated to produce new lithium-ion batteries for the EV automaker.The company is going to be entering into "mass production" by 2023 in…
Authored by Allen Zhong via The Epoch Times,California Democrat lawmakers introduced a bill that would allow children to be administered with COVID-19 vaccines without parental consent.Senate Bill 866, also known as the…
We have some good news for the thousands of candidates who failed the Level 1 CFA exam last year, when the notoriously difficult test saw a record-low pass rate of…
Authored by Paul Joseph Watson via Summit News,Authorities in Western Australia say their draconian new vaccine passport scheme, which bars the unvaccinated from most public places, is likely to be…
While Goldman's equity analysts chose to lecture their clients about margin compression following a flurry of S&P 500 stalwarts lowering their earnings guidance, the investment bank's economists also warned Monday…
Americans like to think of their nation as a beacon of freedom. And despite all the ways in which we have failed to live up to our self-image, above all…
by Calculated Risk on 1/24/2022 07:41:00 PM Tuesday: • At 9:00 AM ET, FHFA House Price Index for November. This was originally a GSE only repeat sales, however there is…
I am prepping some charts for our quarterly conference call for clients, but really, the only questions on anybody’s mind now are “What is the Market Up To?” and “Why?”…
“And there’s also indication that Congress wanted enforcers not just to act when you know, the third and fourth companies are merging or the first and second, but actually in…
“And there’s also indication that Congress wanted enforcers not just to act when you know, the third and fourth companies are merging or the first and second, but actually in…
By Lambert Strether of Corrente Bird Song of the Day I thought it was time to find some spring songbirds, even if it is only January. * * * Politics…
From the conclusion to NBER WP No 29687 (paper), coauthored with Caroline Jardet and Cristina Jude (both Banque de France): FDI flows have been particularly weak in the years preceding…
by Calculated Risk on 1/24/2022 12:40:00 PM Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in DecemberA brief excerpt: This update adds Alabama, Columbus,…
Late on Sunday, Goldman's chief equity strategist David Kostin published a note titled “Anatomy of the S&P 500 sell-off and Nasdaq correction: Valuation compression and the re-pricing of equity risk”…
Update (1200ET): US equity markets saw no bounce at the European close, instead they legged dramatically lower with Nasdaq down over 4%, and S&P down over 3%.This leave Small Caps…
As we detailed earlier, EU foreign policy chief Josep Borrell during Monday statements to the press appeared to openly mock the UK and US for their dramatic announcements of embassy…
By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. At the same time as the Biden…
Via SchiffGold.com,It appears talk of looser monetary policy has pricked the bubble. Peter Schiff talked about it in a recent podcast.We’ve seen a significant rotation out of the overpriced, high-risk…
For the past few weeks we have been casually tossing around an apocryphal "modest proposal" - namely that the Fed is either hiking into a stagflation, which will have catastrophic…
Authored by Steve Watson via Summit News,Appearing on ABC’s This Week Sunday, Anthony Fauci declared that it is “entirely conceivable” that a fourth booster vaccine will soon be needed by all Americans…
Amid what appears to be the beginnings of a NATO military build-up in Eastern Europe in "response" to Russia's own troop placements near the Russia-Ukraine border, Moscow is continuing to…
by Calculated Risk on 1/24/2022 10:25:00 AM Tracking existing home inventory is very important in 2022.Inventory usually declines in the winter, and this is a new record low for this series.Click…
By Michael Every of RabobankDas BootA disclaimer: today’s Daily won’t be half as enjoyable for people who don’t like to watch films with subtitles; which is ironic, because the content…
Following a handful of landmark cases brought by the DoJ accusing colleges of unfairly disadvantaging Asian and White applicants, the Supreme Court has just decided to hear arguments that could…
With US macro data serially disappointing in recent weeks, it should come as no surprise that analysts expected both Services and Manufacturing surveys from Markit to slide further in preliminary…
Conor Friedersdorf asks: “You can appoint any American citizen to one term as president,” I wrote earlier this week, “so long as your choice has never run for president before.…
The Year of the Tiger 2022: predictions, food & celebrations South China Morning Post Overweight armadillos put on a post-Christmas diet BBC U.S. science no longer leads the world. Here’s…
My back to work morning train WFH reads: • Billionaire Mark Cuban Opens Online Pharmacy To Provide Affordable Generic Drugs The company is a registered pharmaceutical wholesaler and purchases drugs…
By John Helmer, the longest continuously serving foreign correspondent in Russia, and the only western journalist to direct his own bureau independent of single national or commercial ties. Helmer has…
Our Covid brain trust had a wee discussion of how the dogs are no longer (much) eating the dog food of vaccines as the magic bullet for all problems Covid.…
I will turn the microphone over to Scott Sumner: I was just shooting from the hip when I questioned the housing bubble view that was so popular after 2006. Credit…