Archive - Blog entry
July 27th, 2009
Leading Economic Hope
Submitted by nickbarbon on 07/27/2009 18:59 -0500Floyd Norris at the NYT is excited about the Index of Leading Economic Indicators. Let's peek under the hood to see what's going on.
On Wall Street Compensation
Submitted by Anal_yst on 07/27/2009 16:52 -0500Information Arbitrage had a good summary of the Wall Street compensation argument over the weekend, and given the tension surrounding Phibro's Andrew Hall of-late, I think its high time to bring some logic and reason to the debate.
July 26th
Surprise! Earnings are Down
Submitted by nickbarbon on 07/26/2009 22:40 -0500Nothing new here for regular readers but I thought the two histograms at the bottom of this graphic nicely contextualize earnings surprises within the broader macro picture.
Wall Street Is Having Our Cake And Eating It Too: A Call To (Pragmatic) Action
Submitted by PragmaticIdealist on 07/26/2009 20:18 -0500One for Wall Street, One for us. Two for Wall Street, Zero for us... Wait, what?
The Growth Trade Vs. The Bond Calendar
Submitted by Bruce Krasting on 07/26/2009 16:59 -0500Treasury has a load of paper for sale in August. The market is not set up for the big supply. Could we have another test of the 4% 10 year?
Geithner Backpedals Plans for Financial Dictatorship
Submitted by Benjamin N. Dover III on 07/26/2009 01:48 -0500The Treasury Secretary comes to his senses and realizes that when it comes to basic government oversight and industry accountability, if less is more, then none is most.
July 25th
High Frequency Trading and Systemic Instability
Submitted by jester on 07/25/2009 13:14 -0500HFT creates systemic instability and makes market manipulation much easier.
July 24th
A Slip of the Tongue by Geithner?
Submitted by Bruce Krasting on 07/24/2009 11:45 -0500Timmy G. ducked another question on the future of Fannie and Freddie today. Maybe he gave a clue what is brewing while he was ducking.
An Open Letter To The Financial Media
Submitted by 1-2 on 07/24/2009 11:15 -0500It can hardly have escaped your notice that a battle of epic proportions, simmering at the fringes for months, was this very week finally joined. Pursuing what can only be termed a "Möbius strip news cycle" strategy, certain "financial news" programs have taken to throwing those pesky "parasitic" bloggers to the proverbial wolves at every opportunity.
Daily UK and Europe Highlights - 24 July 2009
Submitted by Raymond Shaw on 07/24/2009 04:46 -0500Folks, its Freaky Friday today. Lots of economic data coming out of the cupboard in the Eurozone, mostly PMI and Business Climate numbers. UK's preliminary GDP q/q and services index are out as well today, both quite weak; no green shots here folks. Preliminary printing of the UK GDP figures shows biggest Y/Y fall since the series began in 1955, annualised to -5.6% !
Multiple Choice Trick Question of the Day: Sheila Bair A) Does or B) Doesn’t Believe 500 Banks Will Fail
Submitted by Benjamin N. Dover III on 07/24/2009 00:37 -0500If you answered “C) Both of the above”, not only would you be correct, you'd have the logical reasoning skills required to be a decabox pundit on a respected financial news network.
July 23rd
Red Berries – Brown Shoots
Submitted by Bruce Krasting on 07/23/2009 18:30 -0500Raspberries as an LEI? What's Lord Maynard Keynes got to do with this? Illegal workers don't count? We have how much effective unemployment?
Daily UK and Europe Highlights - 23 July 2009
Submitted by Raymond Shaw on 07/23/2009 03:13 -0500News highlights from UK and Europe. Data cupboard is full today with various retail sales, current account and confidence numbers coming out of the Eurozone area. British mortgage approvals and retail sales data out today as well!
July 22nd
Elizabeth Warren Rip Roaring on CNBC about TARP
Submitted by Raymond Shaw on 07/22/2009 13:15 -0500Must watch clip. Rantings about the Fed and the credit card industry.
