June 2010

Sales of new homes plunged a record 33% in May to a record-low after the expiration of the federal tax credit subsidy for home buyers expired. Sales were a seasonally adjusted annualized rate of 300,000, the lowest since record-keeping…

Must-read News A Colossal Fracking Mess | Business | Vanity Fair The Burning Platform - Too Small To Matter The Usual Fare iTunes-Konkurrenz: Google will Musik über das Internet verkaufen - WELT ONLINE U.S., England Need…

Gray Newman of Morgan Stanley is the third analyst this week who has been making Mexico-bullish noises due to the Chinese peg move.  In his recent research piece called "Latin America: The Renminbi Impact" he says we have…

Australian PM Rudd is coming under stronger domestic pressure as the opposition to the resource tax gains momentum.  There have been press reports of a leadership challenge and a local report claims that a key bloc in the Rudd's Labor…

Highlights The US dollar is little changed against most of the major foreign currencies, but sterling continues to respond favorably to yesterday’s budget.  News that for the first time since Aug 08 a BOE member (Sentence) called…

The iPhone goes on sale right now, 12 midnight today. Walt Mossberg gives his view on the product in the video below. He likes the Phone. He just doesn't like AT&T – and this is the same complaint the review at Boing Boing had as well.…

By John Lounsbury What is the best proxy for demand in the housing market?  How about lumber.  Here is one ugly chart, courtesy of finviz.com (with trend lines added by the author): For large graphic without added trend…

According to the Federal Reserve, money market fund holdings of households has declined by about $380 billion since the end of 2008. (According to AMG, all money market mutual funds—institutional and retail—have posted net outflows of about…

One of my good friends who runs a small investment boutique pointed me towards today's chart of the day from Bloomberg showing the flight phoenix of US corporates' profit margins. I know that the chart is difficult to read but you only…

Echoing the Marc Chandler's comments yesterday, Andy Lees of UBS had some constructive things to say about the potential effect of a Chinese revaluation on Mexico. Mexican Finance Minister welcomes the move because it will help Mexico’s…