Bulls are a determined and desperate bunch. There were two consecutive days of large sell-offs this week but on each day dip buyers entered to make things more respectable. Let’s face it, bulls have positions to defend, so getting a green close was huge psychological win for Main Street. Durable Goods Orders beat expectations coming [...]
While some, we are sure, will view this brief clip as partisan showmanship by Representative Steve Pearce, the questions he asks Treasury Secretary should surely be responded to in some manner that is anything but the typical perfunctory shrug these matters normally garner. From Lew’s apparent disbelief that the IRS Audits debacle was in any [...]
From a U.S. perspective, international corporate bonds refer to bonds issued by non-U.S. corporations in a currency other than the U.S. Dollar. S&P Dow Jones Indices – Research RSS Feed
Purpose is a uniquely powerful source of fuel – and satisfaction. That’s why we resonate so strongly with exhortations that speak to it, the author writes. NYT > Business Day
If completed, a transaction would be one of the biggest health care deals of the year. And it could reap a sizable profit for Bausch & Lomb’s current owner, Warburg Pincus. NYT > Business Day
FOR IMMEDIATE RELEASE2013-93 Washington, D.C., May 24, 2013 — The Securities and Exchange Commission today announced fraud charges and an asset freeze against a trader at a Dallas-based investment advisory firm who improperly profited by placing his own trades before executing large block trades for firm clients that had strong potential to increase the stock’s [...]
Stocks were little changed heading into the holiday weekend. Dismal.com: Analysis, Global
The Fed would do well to look at Japan. Japan’s Nikkei, after rallying over 70% since November, just collapsed 11% in less than two days. Looking at the chart, it’s pretty clear where this thing is heading: the same as the NASDAQ in 2000. This is the problem with economic policy [...]
In what may be the most important story of the day, or maybe year, for a world in which there already is an $ 11 trillion shortfall in high-quality collateral (and declining every day courtesy of Ben’s monetization of Treasury paper) so needed to support the deposit-free liability structures of the shadow banking system (as [...]
Orders for long-lasting manufactured goods rose 3.3 percent in April, a sign of resilience in the factory sector. A government revision also showed a smaller decline in March than previously estimated. NYT > Business Day
Got a question on the economy? Send it along. Dismal.com: Analysis, Global
