The Big Picture

Earlier today, we noted that the seasonality effects of Housing were re-asserting themselves. This is a very different phenomena than the...

From a major NY trading desk: European markets opened a few points above flat, fell by nearly -1%, and have since rallied back to the...

As we warn year after, Housing is extremely seasonal. This part of the calendar is expected to slip straight thru to January —...

In contrast to the Reserve Bank of Australia, the Bank of Canada decided to keep rates at the historical low level of .25% and the...

Sept PPI fell a sharp .6% vs expectations of flat and the core also unexpectedly fell .1% vs a forecasted rise of .1%. The headline drop...

> Fascinating look via a study by Pew Research Center’s Project for Excellence in Journalism, on how well the Media did in covering...

Einhorn Vic 2009 Speech

Earnings overall continue to be excellent with a higher % of revenue beats than Q2. Apple of course was incredibly impressive. The big...

We previously discussed the reaction to GS bonus — I thought it was much ado about nothing, you thought it was an outrage. Well, it...

By now, everyone knows that employment is a lagging indicator. This cycle, however, the extent and duration looks to be deeper and longer...