2010

This is a post which was originally published at A Fistful of Euros. The global manufacturing expansion continued to gather momentum in January. Coming in at 56.1, up from 54.6 in December, the JPMorgan Global Manufacturing Purchasing…

You can be bearish and point to the potential for a double dip all you want (I certainly do). But to dismiss out of hand the huge uptick in manufacturing is just crazy.  These numbers are off the charts bullish.   Witness the…

If I could relate the concept of malinvestment to business administration I would do it using the concept of depreciation.  Depreciation is a term used in accounting and business to represent a writedown of a real asset on a…

I have sifted through the most recent personal income data and wanted to show you a few charts that might indicate where we’re heading. First, there is personal income.  It’s fallen off a cliff since the recession began. Looking at…

This is a post which was originally published at A Fistful of Euros. José Luis Rodríguez Zapatero, Spain’s prime minister, said in Davos this week: “We are a serious country and we will fulfil our promises.” With these…

As we await yet another winter storm in America’s Northeast, Punxatawney Phil has weighed in on the situation.  Answer: six more weeks of cold and snow.  You have been warned. By the way, this is one tech-savvy young groundhog.…

Finance and Economy Obama Added a New Twist to Financial Reform Talk - NYTimes.com immobilienblasen: BBVA Credit Quality Reality Check.....Spain & Portugal NPA Almost Double To 5.1 Percent Bail-in roundtable: Author Q&A…

Toyota owners, you might try this next time and see if it works.

Paul Volcker is testifying before the Senate Banking Committee today on financial regulatory reform. Recently, the Obama introduced reform proposals inspired by Volcker and now being dubbed The Volcker Rule. The Wall Street Journal has…

I am in the process of crunching the numbers from today’s report on U.S. personal income and outlays. The monthly data came out at 8:30 EST this morning but I think the quarterly data is more interesting because it goes back to 1947, where…