Articles in the Featured Category
On July 30th the Bureau of Economic Analysis (‘BEA’) released its “advance” estimate of the annualized growth rate of the U.S. Gross Domestic Product (‘GDP’) during the 2nd quarter of 2010. Per their …
The end of July has traders on edge after a month of remarkable weakness for the dollar, while they cautiously await August PMI data due next week for the latest health check on …
Do you think you’ve got the stones to be an entrepreneur? The cajones? The balls? The ovaries? The guts? Of course you do. How many people who say they want to be an …
Markets dropped during trading yesterday, leading some to question the long-term viability of this summer rally. The NASDAQ dropped 1.04 percent (23.69 points) marking the worst performance of the day. The …
Is the SEC’s Inspector General David Kotz looking for a new job? How about SEC Head Mary Schapiro? Is she also looking for a new job?
Why do I ask? Is America aware that the new …
Shifts in the gold price may provide a leading indicator of what happens next.
Headlines
Japan: As expected, retail sales rose 3.2% year-on-year in June after a 2.9% gain in May and a 4.9% increase …
Key points
The new financial law represents the most sweeping overhaul of the financial industry since the 1930s. Almost every aspect of financial services and capital markets will be impacted. The law requires hundreds of regulations …
Wall Street struggled throughout the day yesterday. According to CNNMoney.com, the flat results of the Dow Jones, NASDAQ, and S&P 500 were largely the result of corporate earnings facing off against a …
US durable goods orders fell -1.0% m/m in June from a revised -0.8% m/m in May, on consensus expectations of +1.0%. Durable goods ex-transportation fell -0.6% m/m in June from a revised +1.2% …
A lot of people have asked me to write about the recently “leaked” CBRC report on dodgy local government debt. Here is what the article in Monday’s Bloomberg had to say about it (and note …
The Conference Board’s index of US consumer confidence fell to 50.4 in July from a revised 54.3 in June, on consensus expectations of 51.0. Upward historical revisions fully offset the headline disappointment, with June revised …
This piece in the New York Times touches on a topic that is nothing new for FMMF readers, but apparently a revelation for readers of the Times judging from its status as the 2nd most …
The USD closed at session lows as global bourses rallied following the release of benign European bank stress test results and stronger than expected US housing data. In a late-July, Monday session characterized by a …
Wall Street surged to end the week last Friday closing up nearly 1 percent overall. The NASDAQ led the way with a 1.05 percent (23.58 points) increase. The Dow Jones (0.99 percent, 102.32 points) and …
With the weekend cushion behind the European banking stress test results the euro is treading water to start the new trading week. The response to the tests has been remarkably calm with reaction centered on …
Well, that didn’t last long. Today’s weekly update on new jobless claims dashed hopes for the moment that the previous downturn in this series was the start of something new in the way of positive …
Fed Chairman Bernanke’s Senate testimony yesterday offered little reason to expect that the central bank was about to embark on a bold, new plan of monetary stimulus to offset the recent signs that deflationary pressures …
On July 30th the BEA will release their preliminary estimate for GDP growth during the 2nd quarter of 2010. What does our data tell us about that report? The short answer is:
While we have a …
The euro has remained near to the dollar today (July 21st), after achieving close to a ten-week high.
Reuters reports the currency was supported in Forex trading by strong US corporate earnings that also boosted global …
Fed Chairman Ben Bernanke kicks off a two-day testimony before Congress today in the full knowledge that the US economy is slowing. What Mr. Bernanke says, and the way that he says it, really matters
Headlines
Japan: …
