What We’re Reading 5-3-13
A roundup of articles we found interesting this week. Click here to read more. Uncertainty Is the Enemy of Recovery, Bill McNabb, Wall Street Journal This Federal Proposal on Car Loans Is a Lemon, John Campbell, Wall Street Journal Health Chaos Ahead, David Brooks, The New York Times Debt and Growth,... Read the full story
VIDEO: Gold at $4,000 an Ounce?
Jim Rickards, author of Currency Wars talks about gold’s future on CNBC. Click here to read more. Read More →
Trend GDP: Ain’t as Good as it Once Was
The initial estimate for first quarter GDP came in at 2.5% which fell short of the 3% projected by economists. When people used to talk about trend GDP it meant 3.5%, then 3%, and now, it’s looking like something else altogether. Click here to read more. From 1950 to 1969 the annualized rate of quarterly... Read the full story
VIDEO: Stockman vs. Barro: What’s the Best Fed Policy?
April 29 (Bloomberg) — David Stockman, former Budget Director under President Reagan, and Josh Barro, Bloomberg View Columnist, discuss and debate U.S. monetary and fiscal policy. They speak on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg) Click here to... Read the full story
VIDEO: Chanos: China Bubble Growing Bigger
The rampant growth of credit in China appears to be forming a bubble, Jim Chanos of Kynikos Associates told CNBC. Chanos, who has been bearish on China, said that its economy has been deteriorating. “I actually think it’s gotten worse.” He said that credit was to blame.-RealClearMarkets.com Click... Read the full story
What We’re Reading 4-26-13
Drop in Borrowing Squeezes Banks, Fitzpatrick and Raice, Wall Street Journal Click here to read more. Max Baucus’ Retirement May Open Door To Tax Reform, But Not In Way He Thinks, Howard Gleckman, Forbes The FAA Strikes Again, the FAA Brags, Review & Outlook, Wall Street Journal Yellen’s... Read the full story
Econ Data Disappoint but the Market Heads Higher: What to do?
Since March retail sales were released on the 12th, things have looked pretty ugly in the markets. The -0.4% drop in retail sales was broad based, with most of the components down. The realization you should take away from this is not that markets have suddenly begun showing weakness, but that instead... Read the full story
VIDEO: Fed’s Lacker Would End QE Now
CNBC: Richmond Fed President Jeffrey Lacker told CNBC Thursday that “if you made me dictator” the Federal Reserve would stop its massive bond-buying program. Click here to read more. Read More →
Economic Battle: Dr. Copper vs. Dr. Bernanke
With the stock market just now correcting off all-time highs, a casual market observer may think that times are quite good. Prices are going up, right? Investors are getting wealthier, right? Click here to read more. That’s what you might think if you viewed markets narrowly, without taking into account... Read the full story
Homebuilder Confidence Sagging
For the third month in a row homebuilders indicated to the NAHB/Well Fargo Housing Market Index survey that they were losing confidence in the housing market. As you can see on the chart below, after peaking in December and January at 47—still a recessionary number—homebuilder confidence as measured... Read the full story
