July 2010

Most News-worthy Links Republicans don't give a damn about the deficit | Sahil Kapur | Comment is free | guardian.co.uk Paul Krugman - Redo That Voodoo - NYTimes.com Why Germany should not listen to the US | vox The Usual…

The ECRI Weekly Leading Index (WLI), a measure of future U.S. economic growth stands at 120.6 unchanged from a week ago. We first began actively talking about the WLI in April as a predictive indicator for either sustained recovery or a…

From the Consumer Metrics Institute What credit numbers? During the past week there has been a flurry of Federal Reserve reports and commentary concerning the levels of credit in the current economy. The two most notable were: On July…

Things I am Going to Think About On Vacation Like others, I try to clean off my desk before my summer vacation.  This year it is particularly difficult because there seems to be several unresolved issues.  I will mull them over…

Highlights The US dollar continues to trade heavily against the euro and yen, but it is consolidating against the other major currencies.  Poor US economic data  and more benign news streams from Europe continues to fuel the…

By Michael Pettis Since this is another long posting, it might make sense to summarize briefly its two parts.  In the first part, expanding on an Op-Ed piece of mine published by the Wall Street Journal on Monday, I argue that…

Goldman Sachs (GS) and the SEC (Securities and Exchange Commission) have announced a settlement of the suit over the Abacus security case which was a civil action charging fraud by Goldman. According to the SEC announcement, which I watched…

The latest weekly commentary by Comstock Partners. We stated in the 4th of July holiday comment that we would discuss valuations in the "special report" we wrote last week. As it turned out the "special report" got…

Wow. The iPhone 4 antenna issue is turning into a nightmare for Apple. You've got David Letterman joking about it. Now Whoopi Goldberg tells millions of viewers she hates the new iPhone. Will there be a recall? She caveats this thing but…

Highlights US dollar was mostly weaker vs. the majors, up modestly only vs. AUD and CAD as the euro made another new high for the cycle near 1.2950. By ending the day at the highs, further euro gains look likely in Asia today. The yen and…