2011

Nouriel Roubini talks with the Wall Street Journal's Simon Constable in the video below about both the developed economy – emerging economy divide that has developed as well as the challenges ahead for the US economy.  His view on both…

Facebook CEO Mark Zuckerberg was on Saturday Night Live last night with guest host Jesse Eisenberg, the actor who played Zuckerberg in the acclaimed movie "The Social Network" and it was all hugs. Zuck came on the show to show he…

By Michael Pettis Most of this week’s newsletter was about the release last week of China’s fourth quarter GDP growth numbers by the National Bureau of Statistics (NBS). You can find the full NBS report on their website, but here is the…

Marshall Auerback spoke to BNN's Squeeze Play about the civil unrest in Egypt and what the unrest means for financial markets and the global economy. The most obvious global implications regard the potential for civil unrest elsewhere and…

by Annaly Capital Management Released by the BEA this morning: the advance reading of real GDP came in at 3.2% for the 4Q of 2010 (actually, it was 3.17%, but who’s counting?) versus expectations of 3.5%. There was a lot of internal noise,…

by Win Thin EM currencies are getting hammered in this latest bout of risk off trading, though the performance is very mixed across the asset class. Given that markets are now punishing EM currencies with weak fundamentals or where…

Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and "The Coming Collapse of the Municipal Bond…

by Marc Chandler At 3.2% the Q4 US GDP came in a bit lower than expected. Inventories were the main reason for the miss. In terms of inventory, the key is the change in the change. Inventories rose a little more than $7 bln in Q4 after a…

by Comstock Partners The majority of economists and strategists are now telling anyone who will listen that  the economic recovery is now normal and are trumpeting this view to jump-start the stock market. They are confidently…

I have written a post or two offering the opinion that Barack Obama faces an economy more akin to Herbert Hoover's than Franklin Roosevelt. See "Barack Obama as Herbert Hoover" where posited the following: My intent here is…