• US Tsy Text: U.S. Holdings of Foreign Securities +1.15% 2011

    Updated: 2012-08-31 21:30:01
    WASHINGTON (MNI) – In its preliminary 2011 report on U.S. holdings of foreign securities, the total was $6.763 trillion, 1.87% above 2010, the Treasury Department reported Friday. Table 1. U.S. holdings of foreign securities, by type of security, as of survey dates[1] (Billions of dollars) Type of Security Dec. 31, 2010 Dec. 31, 2011 Long-term [...]

  • Facebook shares sink even lower as analysts fear more sell-offs

    Updated: 2012-08-31 21:23:44
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  • Winners Highlighted in Recent Posts

    Updated: 2012-08-31 21:13:43
    The stock market was kind to us today. Spain, EWP, was up 3.9%. Italy (EWI) was up 2.9%; both were featured in an August 20 video and post. After recently noting bullish developments in gold (GLD) and silver (SLV), GLD popped 2.2% Friday and SLV tacked on 4.6%. Small caps (IWM), covered this week, continue [...]

  • Markets pick up as Fed chairman signals possibility of third round of QE

    Updated: 2012-08-31 19:01:39
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  • General Motors' Ellesmere Port and Luton plants to close for week

    Updated: 2012-08-31 18:46:34
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  • Paralympics 2012: Rwanda, the Brazil of sitting volleyball, charm ExCel crowd

    Updated: 2012-08-31 18:42:25
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  • EU Commission Welcomes Spain Bank Resolution Law

    Updated: 2012-08-31 18:00:04
    BRUSSELS (MNI) – The European Commission on Friday welcomed Spain’s last minute adoption of new laws paving the way for a state-owned bad bank to help clean up the country’s banking sector and for a frame work to wind down failing banks. The laws, adopted on the last day of a deadline set under Spain’s [...]

  • More sacrifices are needed by the Greek society

    Updated: 2012-08-31 07:47:45
    Greece suffers under austerity and citizens hope that the package of the austerity measures for 2013 and 2014 will be the last, because it is very difficult for them to handle with more sacrifices in order to secure their country’s position in the Eurozone. The Greek Prime Minister stated that this austerity package will be [...]

  • Iceland Economic Recovery Does Not Quell Eurozone Aspirations

    Updated: 2012-08-31 00:14:35
    Subscribe About Michael Maloney The Company Hiring Opportunities Premium Content Current Analysis Classic Maloney Essays Fundamentals How-To Events Contact Search Login The Weekly Cycle Market Insights Every Wednesday Wealth Cycle Principle Start My Trial Home Premium Current Analysis Economics 101 How To Invest All Recent Articles Video Resources External Resources FAQ Glossary Visual Economy Blogs Market Commentary Chart Blog Login Register Home Blogs Iceland Economic Recovery Does Not Quell Eurozone Aspirations Aug 30 2012 WealthCycles Team In a May 2012 feature article on WealthCycles , we chronicled Iceland’s recovery from its massive banking collapse in 2008. Mainly due to a focus on protecting domestic deposits and a refusal to bail out the failed banks , Iceland has been able to

  • Rally Duration Concern Still In Play

    Updated: 2012-08-30 21:33:24
    In the August 26 video below, we noted our concern about a pattern of shorter and shorter rallies in stocks after seeing bullish signals (see 10:16 to 11:05 in video). That concern remains and is one of the reasons we have been taking profits in numerous positions (OIH, DBO, IWO, etc.). We [...]

  • Ready To Raise More Cash

    Updated: 2012-08-30 16:04:34
    We have been watching the cart below for some time with a concerned eye. This is an intraday version, but for now support appears to be breaking in a bearish manner for risk. We will most likely sell and hedge today.

  • "Social Democracy after the Cold War" by Henning Meyer

    Updated: 2012-08-30 11:28:12
    I was made aware of a new academic book on social democracy after the Cold War and many of you might also be interested in this. There is the additional advantage that the whole book can be downloaded for free from the publisher’s website. So if you are academically interested in social democracy there is [...]

  • "Europe: Dream of Power or Power of the Dream?" by Kader Sevinc

    Updated: 2012-08-30 10:03:02
    When I was growing up in Turkey, Europe was omni-present in school text books, on TV, in the media and the daily social life conversations within my family or with friends. Europe was often associated with dreams and Europe meant hope. Dreams for peace, for good economic standards, for social progress. A dream which was [...]

  • Economics News from the Desk of Elena Panaritis, 30-08-2012

    Updated: 2012-08-30 07:26:19
    Once more they agree that they disagree As recession deepens in Greece and time is an enemy for the Greek government, new measures must be taken in order this country to fight its debt crisis effectively. One major problem is the fact that the Greek Prime Minister Antonis Samaras and his coalition partners Evangelos Venizelos [...]

  • Fiscal Cliff – Fact or Political Fiction?

    Updated: 2012-08-29 22:15:32
    Subscribe About Michael Maloney The Company Hiring Opportunities Premium Content Current Analysis Classic Maloney Essays Fundamentals How-To Events Contact Search Login The Weekly Cycle Market Insights Every Wednesday Wealth Cycle Principle Start My Trial Home Premium Current Analysis Economics 101 How To Invest All Recent Articles Video Resources External Resources FAQ Glossary Visual Economy Blogs Market Commentary Chart Blog Login Register Home Features Current Analysis Fiscal Cliff Fact or Political Fiction Aug 29 2012 WealthCycles Team The Fiscal Cliff : What is it , why do I care and what , if anything , should I do about it A simple search of fiscal cliff” on www.nytimes.com shows exactly just how much the Fiscal Cliff is a topic of . interest Given the amount of buzz surrounding it

  • Global Recession Won’t Be Averted by Fed Printing

    Updated: 2012-08-29 22:02:24
    Subscribe About Michael Maloney The Company Hiring Opportunities Premium Content Current Analysis Classic Maloney Essays Fundamentals How-To Events Contact Search Login The Weekly Cycle Market Insights Every Wednesday Wealth Cycle Principle Start My Trial Home Premium Current Analysis Economics 101 How To Invest All Recent Articles Video Resources External Resources FAQ Glossary Visual Economy Blogs Market Commentary Chart Blog Login Register Visual Economy Videos about how to invest , investing in gold and silver , and economics 101 Global Recession Won’t Be Averted by Fed Printing Looking at the major economies--Europe , the United States , China and emerging economies that depend on China--it is clear that a recession is on the horizon , Faber . says Here and Now Coming Out the Other

  • Bull-Bear Post Coming Soon

    Updated: 2012-08-29 16:30:04
    We are working on a post and one-chart video outlining some important things to watch in the chart of IWM (small cap ETF). This information can assist with the bigger picture bull-bear case.

  • "US 2012 – How Romney Keeps Lying Through His Big White Teeth" by Robert Reich

    Updated: 2012-08-29 10:25:03
    “We’re not going to let our campaign be dictated by fact-checkers,” says Neil Newhouse, a Romney pollster. A half dozen fact-checking organizations and websites have refuted Romney’s claims that Obama removed the work requirement from the welfare law and will cut Medicare benefits by $216 billion. Last Sunday’s New York Times even reported on its front page that [...]

  • Economics News from the Desk of Elena Panaritis, 29-08-2012

    Updated: 2012-08-29 07:35:03
    Today is going to be a difficult and crucial day for the Greek Prime Minister, Antonis Samaras. After last week’s meetings, with Angela Merkel and Francois Hollande, there is a confidence that, finally, the situation in Greece is starting to improve. Unfortunately, there is a lot of criticism not only from the opposition but also [...]

  • Mitt’s Tax Havens; Ferguson and Zakaria

    Updated: 2012-08-28 20:33:15
    (1) The Gospel of Supply Side Jesus:  Hat-tip to our cartoonist Barry Deutsch for sending me a link to The Gospel of Supply Side Jesus, by Don Simpson and Al Franken.  It’s hilarious! (2) Mitt’s Tax Havens: While we’re all … Continue reading →

  • Concerns Remain On Risk Charts

    Updated: 2012-08-28 14:57:40
    The $SPX/IEF chart shown here was analyzed extensively in Sunday night’s video. Until the S&P 500 clearly takes out the 1,405 to 1,415 range, we will watch with a skeptical eye. Below is an updated version of a chart we first presented on August 22, along with the original description of points A [...]

  • Economics News from the Desk of Elena Panaritis, 28-08-2012

    Updated: 2012-08-28 07:00:58
    A potential decision of a Greek exit from the Eurozone should not be based only on strict financial factors, but should take into consideration the wider geopolitical risks. There is the need for a more pragmatic approach despite a tough rhetoric one. This is what lots of members of the German government demand from the [...]

  • Open-Ended QE: A Game Changer For Stocks?

    Updated: 2012-08-27 14:42:16
    There is no question central banks around the globe are moving closer to more easing and more money printing, which should provide a tailwind for stocks and commodities. The European Central Banks’ plan to possibly “cap” bond yields has been referred to as a “game changer”. Not to be outdone, the Fed may have its [...]

  • Economics News from the Desk of Elena Panaritis, 27-08-2012

    Updated: 2012-08-27 07:02:47
    The Greek Prime Minister, Antonis Samaras, is expected this week to return back into the fray of domestic policies, after the charm offensive visits to Berlin and Paris, where Mrs. Angela Merkel and Mr. Francois Hollande expressed their support for Greece’s membership in the Eurozone as long as the country meets its commitments to its [...]

  • Central Banks vs. Stock Market Resistance

    Updated: 2012-08-27 01:52:10
    We recently expressed concern about potential resistance on an important “risk-on vs. risk-off” chart. This week’s video examines what numerous technical indicators are telling us about the probability of a bullish breakout relative to a bearish reversal. The end of the video explains what the recent moves in gold, silver, and commodities may [...]

  • U.S. monetary policy since the financial crisis

    Updated: 2012-08-26 16:16:58
    : . Econbrowser Analysis of current economic conditions and policy A Debate in Foreign Affairs : Stimulus or Reform Main Expectations , Uncovered Interest Parity , and the Zero Interest Bound : New Results August 26, 2012 U.S . monetary policy since the financial crisis The Federal Reserve Bank of New York announced on Thursday that it had sold the last remaining securities from its Maiden Lane III portfolio , successfully closing the chapter on its assistance to insurance giant AIG . I thought this would be a good occasion to review the various measures that the Fed implemented over the last 5 years-- what they were attended to accomplish , what they did accomplish , and the significance of Thursday's . announcement The first point to emphasize is that the Fed's strategies for dealing

  • Virulent Worm Destroys U.S. Housing Market

    Updated: 2012-08-25 20:33:55
    Over 70 million properties in the USA may have clouded titles. Americans may be forced to file a quiet title suit just to be able to convey clear title to their properties. In one of the most explosive interviews to date, David Krieger, author of the new book Clouded Titles, blows the whistle on the business [...]

  • Skeptical Until This Chart Improves

    Updated: 2012-08-23 19:23:51
    Below is an updated version of a chart we presented on August 22. We plan to take some additional money off the table today (for the third time in three days). Our rationale is the same that we outlined yesterday; if stocks recover, we can redeploy cash into better risk-reward options. If [...]

  • Early Retirement for the Eurozone?

    Updated: 2012-08-23 17:08:09
    Whether the eurozone is viable or not remains an open question. But what if a breakup can only be postponed, not avoided? If so, delaying the inevitable would merely make the endgame worse – much worse. Germany increasingly recognizes that if the adjustment needed to restore growth, competitiveness, and debt sustainability in the eurozone’s periphery [...]

  • "What Occupy Wall Street is all about" by NewsWatch

    Updated: 2012-08-23 12:46:44
    Paul Krugman posted this interesting video explaining what Occupy Wall Street is all about on his New York Times blog. It also features several authors, including Krugman and Robert Reich, who contributed to the Occupy Handbook. Have a look, it is worthwhile watching.

  • "Can the ECB save the Day?" by George Irvin

    Updated: 2012-08-23 10:27:50
    Financial markets are blinking. Spanish and Italian sovereign yeilds are falling in the expectation that the ECB will finally engage in a purchasing programme which will cap yields and allow these countries to breathe. Is the crisis over? Before anybody start celebrating, consider the following points. The German centre-right will not accept an open-ended purchase [...]

  • Economics News from the Desk of Elena Panaritis, 23-08-2012

    Updated: 2012-08-23 07:38:41
    Greek government, and Greece in general, must feel a little bit more optimistic, about the country’s future in the Euro and its fight against the severe debt crisis that faces, after the meeting between the Greek Prime Minister Antonis Samaras and the Eurozone Head, Jean-Claude Juncker. Mr. Juncker was effusive about Greece’s historic contribution to [...]

  • Federal receipts and expenditures

    Updated: 2012-08-22 19:27:40
    : Econbrowser Analysis of current economic conditions and policy Guest Contribution : Sticky Prices , Store-Switching , and Effective Price Flexibility” Main A Debate in Foreign Affairs : Stimulus or Reform August 22, 2012 Federal receipts and expenditures I was interested to take a look at the trends in receipts and expenditures of the U.S . federal government over the last 40 . years The top panel in the graph below plots federal expenditures as a percentage of GDP since 1972. There were a few years when this fell below 20 but it has averaged about 22 over this whole period and for the last 3 years has been above 25 Federal expenditures and receipts as a percentage of GDP , 1972-2011. Horizontal line at 20.0. Data source : CBO Federal receipts , in the bottom panel , have rarely been

  • Economics News from the Desk of Elena Panaritis, 22-08-2012

    Updated: 2012-08-22 07:13:10
    Today is a crucial day as Greek Prime Minister, Antonis Samaras, is going to meet the Eurozone Head, Jean-Claude Juncker. The main topic of this meeting is whether Greece has done enough to receive its next bailout payment of 31.5 billion Euros next month. This meeting is crucial, because a failure to receive these funds [...]

  • Economics News from the Desk of Elena Panaritis, 21-08-2012

    Updated: 2012-08-21 07:19:24
    European Central Bank’s decision to publish a report and mention that its crisis fighting plan could include buying Eurozone countries’ bonds, if their borrowing costs breached certain levels, led shares and the Euro to fall. European and global markets were optimistic that the plan being drawn up by the ECB could help the currency to [...]

  • "Rethinking Austerity – Too little too late?" by Henning Meyer

    Updated: 2012-08-20 11:11:24
    By now it should become apparent to even the most hard-line austerity supporter that the policy is simply not working. It is not just failing in economic terms but has severe knock-on effects too. The political and social fall-out of this failed economic strategy makes the resolution of the Eurozone crisis, which at its heart [...]

  • "US 2012 – Mitt’s 13%Tax" by Robert Reich

    Updated: 2012-08-20 08:00:36
    Mitt Romney says “every year I’ve paid at least 13 percent [of my income in taxes] and if you add in addition the amount that goes to charity, why the number gets well above 20 percent.” This is supposed to be in defense of not releasing his tax returns. Assume, for the sake of the argument, [...]

  • Economics News from the Desk of Elena Panaritis, 20-08-2012

    Updated: 2012-08-20 07:20:29
    The vacations for the European leaders seem to reach their end and it is time to come back to work. There are two major topics. Firstly, European leaders have to agree on measures, in order to support Greece and prevent its exit from the Eurozone. Secondly, they have to act in order to prevent Italy [...]

  • How Much Is 13 Percent?

    Updated: 2012-08-17 15:59:56
    A front-page headline in today’s New York Times: “Romney Says He Paid At Least 13% in Income Taxes” over the last 10 years. That sounds low, but it represents lots of dollars. Which is more important, percentages or dollars? I hope the American people give that some serious thought. I’ve always struggled to overcome my [...]

  • "The good, the bad, the misguided and the disingeneous" by Andrew Watt

    Updated: 2012-08-16 16:26:31
    Continuing an on-off debate on these pages (entry point here) about the quality, or otherwise, of the economics profession, I refer interested readers to the economic program written for US presidential candidate Romney by a number of leading American economists, and to the reaction it has provoked on the part of some of their colleagues. [...]

  • "Romney/Ryan: The Real Target" by Paul Krugman

    Updated: 2012-08-15 10:27:12
    So, let me clarify what I believe is really going on in the choice of Paul Ryan as VP nominee. It is not about satisfying the conservative base, which was motivated anyway by Obama-hatred; it is not about refocusing on the issues, because R&R are both determined to avoid providing any of the crucial specifics [...]

  • "Europe sliding back into recession" by Andrew Watt

    Updated: 2012-08-14 17:06:04
    The latest quarterly GDP figures confirm the already pessimistic expectations. Europe is sliding back into recession. In both the euro area and the EU27 growth output contracted by 0.2% in the second quarter. This followed on stagnation in the first quarter and a decline of 0.3% in the last quarter of 2011. (In each case [...]

  • Economics News from the Desk of Elena Panaritis

    Updated: 2012-08-14 07:08:52
    The European Union is expected to give in publicity the data about the Eurozone output today. But as the crisis gets worse and hurts confidence, businesses become reluctant to invest and consumers become worried about spending. This situation means that the Eurozone output is seen declining in the second quarter. The Eurozone’s GDP (Gross Domestic [...]

  • Central Bank Balance Sheets and Inflation

    Updated: 2012-08-14 06:00:27
    : Econbrowser Analysis of current economic conditions and policy How long can Japanese bond prices defy gravity Main Recent developments in oil markets August 13, 2012 Central Bank Balance Sheets and Inflation Given several prominent policymakers have worried about central bank actions leading to high inflation , e.g . Representative Ryan it seems reasonable to see how expansions in central bank balance sheets correlate with . inflation These are four figures from a set of slides compiled by Torsten Slok at Deutsche Bank . Figure from Torsten Slok , Under Which Conditions Will Fed Money Printing Create High Inflation Deutsche Bank July 2012 not online Figure from Torsten Slok , Under Which Conditions Will Fed Money Printing Create High Inflation Deutsche Bank July 2012 not online Figure

  • When Money Dies

    Updated: 2012-08-13 00:35:21
      My summer vacation reading this year was “When Money Dies” by Adam Fergusson. Above the title, The Week called it “A timely warning of the potentially dire consequences when central banks hit the printing presses. Below the title—the subtitle—was “The Nightmare Of Deficit Spending, Devaluation, and Hyperinflation In Weimar Germany.” I’d never heard of [...]

  • How long can Japanese bond prices defy gravity?

    Updated: 2012-08-12 15:44:59
    : Econbrowser Analysis of current economic conditions and policy Representative Paul Ryan's Economic Weltanschauung Main Central Bank Balance Sheets and Inflation August 12, 2012 How long can Japanese bond prices defy gravity That's the question posed in an interesting new paper by UCSD Professor Takeo Hoshi and University of Tokyo Professor Takatoshi Ito Although there has been much discussion recently of debt levels of some European governments , Japan is in a class by itself . Hoshi and Ito 2012 note the consensus among academic researchers that Japan's current fiscal path is : unsustainable Doi 2009 Doi , Hoshi , and Okimoto 2011 Doi and Ihori 2009 Sakuragawa and Hosono 2011 Ito 2011 Ito , Watanabe , and Yabu 2011 and Ostry et al . 2010 all find that without a drastic change in fiscal

  • And Then There Is Disaster C

    Updated: 2012-08-11 23:14:00
    Sign in Join Home Investor Blogs Global Emerging Markets Stock Research Multimedia Investment News Thoughts From The Frontline And Then There Is Disaster C And Then There Is Disaster C Thoughts From The Frontline Home About Contact Blog Subscription Form Email Notifications Go Syndication RSS for Posts Atom RSS for Comments Frontline Thoughts Audio Don't have time to read the weekly newsletter The audio version of my Frontline Thoughts are now available via Podcast on InvestorsInsight.com . nbsp Consume the feed here Have You Seen This Recent Posts Boomers Are Breaking the Deal How Change Happens And Then There Is Disaster C Time to Row , or Sail Gambling in the House Tags China Consumer Spending Credit Crisis Debt Deficit Deflation Economic Forecast Economy Employment Euro Europe GDP

  • How Much is Public-Sector Tenure Costing Greece?

    Updated: 2012-08-08 03:12:00
    : Greek Default Watch A blog about Greece's need to create a sustainable economic path for itself and to do so quickly , in difficult circumstances , and under great . pressure Pages Home Greece in Figures Greek Crisis Timeline Q on the Greek Crisis The Big Picture Tuesday , August 07, 2012 How Much is Public-Sector Tenure Costing Greece The Greek government continues its search for 11.6 billion in spending cuts yet , it has made clear so far that laying off public sector employees is off the table . This is a pity : spreading the pain evenly between the private and the public sector is the best decision that the government could make . Besides boosting its credibility with Greeks who feel they are being suffocated to pay for generous state wages , this decision would yield enormous

  • Libor, Swaps, and the Inherently Political Nature of Interest Rates

    Updated: 2012-08-04 02:09:09
    A guest post from Darwin BondGraham, author of our May/June 2012 cover article on interest-rate swaps. There’s a comment on the whole Libor scandal in our current (July/August 2012 issue by Max Fraad Wolff. I’ve purposefully put off commenting on … Continue reading →

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