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  • S&P close to $1B mortgage rating settlement [View news story]
    Rating's agencies incompetence is the crux of the 2008 financial crash. Penalties should be commensurate.
    Jan 13, 2015. 09:45 AM | Likes Like |Link to Comment
  • Q1 GDP revised to decline of 1% [View news story]
    How about: Sovereign Debt to GDP (Current US = 101%)

    "Following Reinhart and Rogoff (2010), we select stretches where gross public debt exceeds 90 percent of nominal GDP on a sustained basis. Such public debt overhang episodes are associated with lower growth than during other periods. Even more striking, among the 26 episodes we identify, 20 lasted more than a decade."

    Public Debt Overhangs: Advanced-Economy Episodes Since 1800
    Reinhart, Reinhart, Rogoff - 2012

    May 29, 2014. 10:17 AM | 2 Likes Like |Link to Comment
  • Q1 GDP growth revised sharply lower [View news story]
    A bit deceptive as usual bbro. real GDP growth 2013: 1.9%. yoy from here: even less.
    Apr 30, 2014. 09:56 AM | 5 Likes Like |Link to Comment
  • GDP edges up 0.1% [View news story]
    2013 GDP growth: 1.9%. Rock on bbro, 5 years into a recovery and your boy's doing such a great job!
    Apr 30, 2014. 09:54 AM | 1 Like Like |Link to Comment
  • Wal-Mart sues Visa for $5B over swipe fees [View news story]
    Love Walmart. Trust busting!
    Mar 28, 2014. 09:44 AM | 2 Likes Like |Link to Comment
  • U.S. payrolls up 113K, unemployment rate at 6.6% [View news story]
    Bbro: "Construction payrolls to Nonfarm payrolls ratio hit a 4 year high.... "

    It's due to the denominator
    Feb 7, 2014. 01:16 PM | Likes Like |Link to Comment
  • Appeals court strikes down net neutrality rules [View news story]
    Yay. Someone in Philadelphia run over and ring that Liberty bell nice and loud!
    Jan 14, 2014. 01:25 PM | Likes Like |Link to Comment
  • Precious metals tumble [View news story]
    Methinks it is more related to the strength of the dollar than anything else.
    Oct 1, 2013. 10:37 AM | Likes Like |Link to Comment
  • There's No Way In Hell The Fed Will Taper [View article]
    "Instead of talking about the single biggest problem facing our country - too much debt - we are talking about going to war again!"

    Sep 10, 2013. 09:00 AM | 7 Likes Like |Link to Comment
  • JPMorgan spreadsheet links recruitment to deals [View news story]
    JPM can do whatever it wants for private deals. Govt. is different and they should come down just as hard on govt. as JPM.
    Aug 29, 2013. 08:57 AM | 2 Likes Like |Link to Comment
  • FOMC Minutes: Committee comfortable with initiation of taper [View news story]
    Whoa! Watch it. That goal post is moving over there!

    "A few participants, while comfortable with the plan, stressed the need to avoid putting too much emphasis on the 7 percent value for the unemployment rate, which they saw only as illustrative of conditions that could obtain at the time when the asset purchases are completed"
    Aug 21, 2013. 04:26 PM | Likes Like |Link to Comment
  • FOMC Minutes: Several on the committee saw tapering as likely and warranted soon, but many want to see further improvement in the labor market first. Several want to see faster economic growth in addition to improvement in employment. [View news story]
    OpsExSpurt: Who says corporations are 'supposed' to pay health care costs at all ????
    Jul 10, 2013. 05:13 PM | 2 Likes Like |Link to Comment
  • The 30-year fixed mortgage rate edges above 5% with Conor Sen noting Wells Fargo quoting an APR of 5.05% this morning. It wasn't long ago this had a 3-handle on it. Housing bulls say higher rates will lead to even more buying as panicked prospective purchasers rush to get in before the low-rate door shuts. Weekly mortgage applications - trending down of late - should continue to be of interest. Homebuilders ETF (XHB -3.5%). [View news story]
    Hmmm .. I'm not sure the Fed is doing this.
    Jun 24, 2013. 01:14 PM | 1 Like Like |Link to Comment
  • More on ADP jobs: December's job gain revised down to 185K from 215K. The average gain over the past 3 months is 183K, more than 10% below the level during the same period a year ago. The manufacturing sector shed jobs for the 5th time in the last 6 months. S&P futures add a tick to losses, now -0.2%. (full report[View news story]

    "The average gain over the past 3 months is 183K, more than 10% below the level during the same period a year ago."
    Jan 30, 2013. 09:35 AM | Likes Like |Link to Comment
  • The Treasury sells $14B in (reopened) five-year TIPS at -1.496%. Bid-to-cover ratio of 2.7; indirect bidders take 49%. Direct bidders take 10.7%. [View news story]
    But, not to worry - from what I've been told there won't be any inflation because "broad money" is shrinking. Hmmmm.
    Dec 20, 2012. 05:09 PM | Likes Like |Link to Comment