about 1 hour ago - No comments
Jamie Coleman at ForexLive sheds more light on the Fed Discount Rate Hike rumor, noting that last time it was telegraphed a mile away.:
They have done no such market preparation this time, so I am discounting the talk of a hike. They could have mentioned it on Tuesday in the FOMC statement Bernanke could have [...]
about 3 hours ago - No comments
The next time we get a serious dip in the stock market, there is one sector that I am going to jump into with both of my size 14 boots: technology stocks.
After the dotcom bust of 2000, these bad boys spent nearly a decade in the penalty box, shunned by the investing world as [...]
about 3 hours ago - No comments
Today will be day 12 of 13 (or something just as silly) that the market has been melting up on no volume: yet another truly ridiculous statistic in the anals of momoism. As David Rosenberg points out: “the market has been able to digest California, Dubai, and Greece” – and this has all been offset [...]
about 3 hours ago - No comments
We’ve never spent any time in federal prison, but we imagine that in at least one regard, it’s a lot like serving as a soldier in a war zone. You’re bored, bored, bored until . . . things get extremely interesting.
Our favorite convicted Ponzi schemer Bernie Madoff got a little taste of that back in [...]
about 5 hours ago - No comments
In the latest update of its cost estimates for Troubled Asset Relief Program, the $700-billion kitty Congress created in 2008 to bolster the banking system, the Congressional Budget Office says the ultimate cost to taxpayers — including investments, grants, and loans completed, outstanding, and anticipated — will be $109 billion.
Much of that stems from [...]
about 22 hours ago - No comments
Believe it or not, for the first time 1972, the US prison population is actually getting lower.
According to the New York Times, state prisons held 1.4 million people as of January 1st, almost 6% lower than the year before.
Chalk it up to marijuana reform laws or a massive budget crisis, no one knows if this [...]
about 22 hours ago - No comments
In honor of St. Patrick’s Day, we thought it was a good time to point out a blog the specializes in economic-themed limericks.
Haiku has a special place in the hearts of economists, but as noted in that post the limerick is a favorite form of ours here at Real Time Economics.
Limericks Économiques, a blog by [...]
about 23 hours ago - No comments
Unlike most people who analyze investments, I think there are periods of time where domestic long-only investors may be consigned to low or even negative returns. As investors, we are generally optimists; we don’t like can’t win situations like the Kobayashi Maru.
about 23 hours ago - No comments
The Chinese new year has only just
started, and already trade tensions are ratcheting up. This is perhaps
appropriate — astrologers tell us that the year of the Tiger is often a
year of instability and conflict — and I suspect things will almost
certainly get worse. The timing of various domestic political events in
the US, China and Europe [...]
about 1 day ago - No comments
Time is almost up on the federal home-buyer tax credit, the government’s gift of up to $8,000, crafted to jump-start a stalled housing market. Just about six weeks remain for buyers to get those contracts inked. Home builder Lennar has a bright countdown on its Web site. “TIME IS RUNNING OUT,” warns KB Home (yes, [...]
about 1 month ago
Ask a neighbor or go to the library becuase they often keep them.
about 1 week ago
What matters is what the insurance company says in regard to it's value and what they will give you if it is totaled.
about 1 week ago
Roughly 7X the net income on the company