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About That Time The Heritage Foundation Said The Bush Tax Cuts Would Pay Off...
Did you hear the one about the Heritage Foundation predicting the Bush tax cuts paying off the national debt? It happened, in 2001. A link from Travis Thornton Tweeted by Reason magazine editor Matt...
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MARKETS STAGE GIGANTIC GLOBAL RALLY: Here’s What You Need To Know (DIA, SPY,...
Stocks exploded out of the gates and never looked back. First the scoreboard: Dow: 12,795, +207.6, +1.6 percentS&P 500: 1,386, +27.0, +1.9 percentNASDAQ: 2,916, +62.9, +2.2 percent And now the top...
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Why Markets Surged In One Paragraph
Massive rally. Dow up 200. Richard Gilhooly of TD Securities has a great one paragraph recap: Treasuries were a side show to the strong rally in equities today, with AAPL leading the move with a 6.5%...
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JP Morgan Names Marianne Lake Chief Financial Officer
JP Morgan has named Marianne Lake Chief Financial Officer of the bank, replacing Doug Braunstein, Reuters reports. Lake is currently the CFO of consumer and business banking. That means she was tasked...
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MOODY’S DOWNGRADES FRANCE
Moody’s just downgraded France’s credit rating from Aaa to Aa1. The ratings agency lists three reasons, which we summarize: The long-term economic growth out look looks worse. The fiscal outlook is...
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Carson Block Has A New Short
Carson Block, founder of Muddy Waters Research, announced a new short position in Singapore-based food commodities firm, Olam International, Bloomberg Businessweek reports. You may recall that Block...
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Goldman Sachs On The Demographic Trend That Could Keep The Housing Market...
Our big theme these days is the positive tailwind coming from households and household balance sheets. On Sunday we explained the concept of the Balance Sheet Recovery — the idea that releveraging of...
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The Analyst Calling The End Of The Commodity Boom Has Made One Spectacularly...
The big news in the world of Wall Street calls today was Citi’s Edward Morse calling the end of the commodity Super-Cycle. The argument, basically, is that the age of investment-led Chinese growth is...
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Why Everyone Interested In Economics Should Be Fascinated By The Upcoming...
It’s time for you to start getting fascinated by the Japanese election, which is taking place in December. For one thing, you probably have US election hangover, so this is a chance for you to get...
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Yahoo Investors Love Marissa Mayer
SAN FRANCISCO (Reuters) – Yahoo Inc shares reached their highest level in a year and a half, as investor confidence grows that new Chief Executive Marissa Mayer can pull off a comeback that eluded...
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