Economy

Here's the ISM report in numbers and words. WHAT RESPONDENTS ARE SAYING ... "Business results (top and bottom line) continue to meet or exceed our operating plan and exceed prior year performance by double digits."…

From Win Thin Inflation data out of Asia today points to rising risks of food-driven inflation. While that should not have monetary policy implications if due solely to supply side disruptions, it could lead to policy responses if…

TARP goes to the legal graveyard this Sunday. Looking back, Simon Johnson says some sort of injection into the American banking system was necessary. So, in a basic sense TARP or some Swedish equivalent would have been necessary to avoid…

I mostly liked this video but I ask "Is this an accurate depiction?"  It definitely has a slant – one that I don't necessarily agree with and that seems political. The subtext at the beginning of the video:…

From the U.S. Department of Labor: In the week ending Sept. 25, the advance figure for seasonally adjusted initial claims was 453,000, a decrease of 16,000 from the previous week's revised figure of 469,000. The 4-week moving average…

by Michael Pettis I am often asked, especially by my Peking University students, to list what I think is the sequence of steps China will take to address its economic imbalances.  Remember that rebalancing, in the Chinese context, has…

The chart below is from today's morning Breakfast with Dave missive by Gluskin Sheff's David Rosenberg. How do you fight against losses this large? Like Richard Koo and David Rosenberg, I believe the monumental hit that balance sheets of…

Since the beginning of 2008, 291 banks and thrifts have failed in the United States. Georgia leads the way with 37. Source: Interactive Bank Failure Map – WSJ.com

"Malaise" speech When the energy market exploded — an occurrence Carter tried to avoid during his term — he was planning on delivering his fifth major speech on energy; however, he felt that the American people were no…

Earlier today, Japan's second largest consumer lender, Takefuji sought legal protection of bankruptcy. The source of its woes, and apparently others in that space, is that the borrowers were overcharged interest. Japan's regulator says that…