Here is a quick roundup on the news of Osama bin Laden killed in a Pakistan firefight by US Special Forces:
-Stocks and U.S. equity-index futures rose;
-the Dollar Index snapped a nine-day slump
-oil dropped the most in two weeks;
-Silver futures plunged as much as 13%
-Oil lost 2.4%
More to come later . . .
Washington Post: “The nation’s unnerving descent into debt began a decade ago with a choice, not a crisis. In January 2001, with the budget balanced and clear sailing ahead, the Congressional Budget Office forecast ever-larger annual surpluses indefinitely. The outlook was so rosy, the CBO said, that Washington would have enough money by the end…Read More
Data addicts like me typically don’t care where our next fix comes from, as long as it’s credible. Most of the time I’m looking for correlations to jobs or incomes, in an effort to see where we might be headed or what we might reasonably do to improve the growth of either (or both). But…Read More
Vilayanur Ramachandran tells us what brain damage can reveal about the connection between celebral tissue and the mind, using three startling delusions as examples.
Was it the hammers or the carpenters? That is the question alluded to this morning by Yale Professor Robert Shiller in the NYT. Shiller is one of my favorite academics working in the field of finance. He tries to (diplomatically) argue we can prevent future crises if only we had better econometric tools. I would…Read More
Sell in May………………? David R. Kotok April 30, 2011 www.cumber.com > Sell in May and go away? Is it a cliché or is this the year to obey? First, let me offer a personal thank you to CNBC for the invitation to discuss this issue on Power Lunch with Michael Farr, Sue Herera, and Tyler…Read More
ProPublica won the Pulitzer Prize for National Reporting for its series, “The Wall Street Money Machine.” Its lead reporters, Jake Bernstein and Jesse Eisinger, take a moment to explain the series, how it all started and their reaction after reeling in ProPublica’s second Pulitzer. Theirs was the first Pultizer awarded to a body of work…Read More