Economic data
March PPI rose .7% m/o/m, .2% above expectations but the core rate was in line, up .1%. Food prices rose 2.4% m/o/m while energy prices...
Honey, I Lost the House — Time to Party!
Caroline Baum takes apart the mortgage default driving the economy meme, calling it “nonsense”: “There’s an even...
It doesn’t matter until it does. Now it does.
It doesn’t matter until it does. Now it does in terms of the market reaction to what’s going on in Greece. Greek yields are...
Fed Made $47.B in ’09
Its good to be the central bank: “The Federal Reserve transferred $47.4 billion, a record sum, to the Treasury Department last...
ABACUS Spells More Trouble for Ratings Agencies
Good Evening: Having regained most of last Friday’s Goldman-inspired losses, U.S. stocks spent most of Wednesday meandering near...
Foreclosures Made John Paulson a Billion Dollars
The deal in which Goldman Sachs, according to the SEC, defrauded some of its investors made hedge-fund king John Paulson a billion...
Wednesday Night Open Thread
Its been a while since we had an open thread — so let’s get to it. v Whats on your mind? What economic/market/stock issues...
Coburn: Bill needs to ‘limit the size, scope’ of...
Sen. Tom Coburn, R-Okla., explains his objections to Sen. Chris Dodd’s financial reform bill including what he believes is insufficient...
On Drawing Bad Inferences
Professor Mark Perry, at his Carpe Diem blog, posted an excerpt from a lengthy story by Steven Malanga about how unions have essentially...