Economy

Meredith Whitney talks to Bloomberg's Jonathan Weil in a wide-ranging interview about the banking sector. This is a good one – the best I have seen - because you get to hear Whitney's views on the sector's stocks from a fundamental and a…

Tax revenue at state and local governments has plummeted. With house prices in California down substantially, it is even more dire for municipalities there. The result will be widespread budget cuts and, where possible, income tax hikes.…

While Macro Man opted to present a po(p)etic styling on the ongoing hardship in Greece (or was that Grease?) today came with a couple of notable developments in the story and would seem to be honourable and real efforts to calm down…

Well, according to a popular urban legend, Spain’s unemployment rate - which is the second highest in the EU after Latvia - is currently running at something just a touch over 20%. Or is it? The unemployment problem I wish to address here…

The April 2010 Manufacturing ISM Report On Business® showed across the board strength in US manufacturing. The index hit 60.5 percent, a 6 year high and well above the 50 percent demarcation line between recession and recovery. The…

The BEA released US personal income and consumption figures for March today.  The data show that the growth in consumption continues to outstrip the growth in personal income. Personal income increased $36.0 billion, or 0.3…

The EU-IMF package came in at 110 billion euros (80 from the EU and 30 from the IMF). It is designed to see Greece through to 2014 for the stability and growth pact 3% deficit hurdle, not 2012 as had been anticipated by many. After news of…

I have written a number of posts which point to a shift in the center of power on Wall Street from the client-facing advisory business to the market-making trading business. I think understanding this shift is vital to understanding what…

According to a once famous statement by the British Prime Minister Harold Wilson, a week can often be a long time in politics. But when it comes to financial market crises the situation often feels more like a line from the Dinah Washington…

On this edition of Peter Lavelle's 'CrossTalk' he asks his three guests including me whether the US Senate hearings humiliating Goldman Sachs are merely a show trial with the aim of watering down global financial reform. Take a look at what…