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Why I don’t believe housing has put in a secular bottom
Case-Shiller came out with some numbers earlier today, showing they too will soon be confirming the housing recovery in the US.
The global slowdown is getting worse everywhere
Everywhere the slowdown is getting worse, from the UK, the US auto and manufacturing sectors to Germany, Taiwan, South Korea, China and Australia.
Fed Does Nothing, Says Less and Dollar Advances
By Marc Chandler
The Federal Reserve defied expectations and took no new action nor altered its guidance in terms of how long rates will remain exceptionally low (late 2014). The dollar rallied on the news initially, but with the ECB…
The Mobile Patent War
The Wired Interview with Samsung's Chief Product Officer Kevin Packingham is a good jumping off point for understanding the patent wars between Apple and Android. Steve Jobs famously saw Android as a rip off that he was going to try to…
Did Draghi act on his own?
Everyone of course assumes that the ECB has put together some type of plan to change its policy course. But did this statement come from the ECB (similar to the announcements of the FOMC) or is Draghi trying to do this on his own? Did the…
Enquiring Minds Want to Know
Frederick J. Sheehan is the author of (McGraw-Hill, 2009) and "The Coming Collapse of the Municipal Bond Market" (Aucontrarian.com, 2009)
The July 25, 2012, tribute to Barton Biggs received a large response. Biggs was obviously…
Draghi’s plan: Rescue fund to buy bonds on primary and ECB on secondary market
Mario Draghi has a specific plan in mind for how the ECB will be able to arrest the sovereign debt crisis. Two Bloomberg central bank sources told the news agency that ECB President Draghi will have talks with Bundesbank President Jens…
Apple depends on the iPhone more than previously thought
The story on Apple's margins is even more interesting when you look at how high its iPhone margins are. Analysts have calculated that the gross margins on the iPhone are nearly twice the margin on the iPad. And this suggests that Apple…
German MP: “Draghi is a thief of people’s savings”
Mario Draghi's comments earlier today showing the ECB's commitment to the euro to do whatever it takes to keep the single currency intact were greeted by most with a sense of relief. In Germany, there was consternation within the German…
Auto sector’s effect on non-recession reading
This daily will have to be quick since I am in transit. The best highlight here is jobless claims and how the auto sector is affecting both production and employment positively, potentially keeping the US from falling into outright…