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The Most Expensive Debt Market In 5,000-Years
The Wall Street Journal posed this intriguing question: Should investors buy the most expensive bonds in recorded history? Amazingly, governments have managed this feat even (low historic bond yields)...
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There Are 9.93 Million More Government Workers Than Manufacturing Workers
The August jobs report was filled with some interest factoids, like there are now 9.93 million government workers than there are manufacturing workers. That is a ratio of 1.81 government workers for...
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There Are 3.3 Million More Leisure/Hospitality Workers Than Manufacturing...
Yesterday, I wrote about the sad state of high-paying manufacturing employment where government employees now outnumber manufacturing employees by almost 100 million. With a ratio of 1.8 government...
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Joker Poker: Fed Governors Testify In The House, Fed’s Record On Handling...
Jeffrey Lacker of the Richmond Fed and Esther George of the Kansas City Fed appeared before a subcommittee of The House Financial Services Committee today to discuss Federal Reserve “independence.” I...
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Big Trouble In The Red Ponzi: HIBOR Overnight Borrowing Cost Soars To 2nd...
Things are really heating up between the PBOC (People’s Bank of China) and currency traders. The HIBOR (the offered rate at which deposits in CNH are being quoted to prime banks in the Hong Kong...
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Housing Starts, Mortgage Credit Scores And Homeownership—–Explained in 3 Charts
Housing starts for the month of August tumbled 6% across both 1 unit and 5+ unit starts. 1 unit starts (single-family detached) have been rising slowly since bottoming out in 2009. One reason is the...
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Cass Freight Index Experiences Worst August Since 2010, Lower Than In...
The Cass Corporation Freight Index – Shipments index slumped in August, to the lowest level for August since 2010. And it was even lower than August 2008 during The Great Recession. The index measures...
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US Housing Starts Rise………..To January 1991 Levels!
The US Census Bureau released the housing starts numbers today. In a nutshell, housing starts rose in June by 1,189 million annual rate. Both 1 unit and 5+ unit starts rose. But most of the starts were...
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Mind The Bellwether: Deutsche Bank’s CoCo Bonds At 11.5%, Stock At $14
The rumor that the European banking crisis is over is overstated. For example, JPMorganChase is aiding Italy’s banking system bailout is giving investors some degree of “confidence.” But countering...
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Regulation Run Amuck: Dodd-Frank Cost Put At $36 Billion, 73 Million...
According to The Hill, Regulations from the Wall Street financial reform law (Dodd-Frank) have imposed more than $36 billion in costs on the economy and have created 73 million paperwork hours,...
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Existing Home Sales Rise 1.1% In June — Back To 2001 Levels
The housing and credit bubble that began in 1995 sure took that air out of the housing market along with both US and European bank stocks. Existing home sales have finally recovered to 2001 levels,...
View ArticleChart Of The Day: NRA Restaurant Customer Traffic Index Lowest Since 2009
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