Editor's Comment: Though it seem unimaginable, millions of Americans could starve, even right next to some of the wealthiest individuals in the world. In a nation of plenty, more and more face the possibility of being unable to purchase enough food
"The trend in our projected net resources has continued to be negative," warns Treasury Secretary Lew forcing the administration to move up the deadline for the end of extraordinary measures from Nov 5th to Nov 3rd.
After two consecutive days of miserable Chinese econ data, when first imports and exports, and then wholesale deflation disappointed for one more month, overnight we got even more Chinese data this time on the "credi input end" when Beijing reported
KINGSTON, NY, 14 October 2015-- Nearly one year ago, on 29 October 2014, the Federal Reserve announced it would end QE3, its third round of bond-buying stimulus that ballooned its balance sheet by $3.5 trillion.
After collapsing in August and unable to get up in September, October's Empire Fed bounced very modestly from -14.67 to -11.36 (but missed expectations for the 7th month of the last 8).
Wal-Mart Stores Inc. suffered its worst stock decline in more than 15 years after predicting a drop in annual profit, underscoring the giant retailer's struggles to reignite growth.
One year ago, when oil prices first cracked and tumbled from $100 to a level some 60% lower, it took the US oil industry about 9 months to fully feel the pain and proceed with cash-saving production cuts as a result of extensive oil-price hedges that
Two things are true about the companies that just lifted U.S. stocks to the biggest rally in four years: their fortunes are most tied to the economy, and they're the least loved by credit investors. Both are reasons for optimism.
Dell Inc. agreed to buy EMC Corp. for about $67 billion in the largest technology acquisition ever, creating a corporate-computing giant that will use a wider product lineup to woo customers as demand slows and competition stiffens.
For years, a copper replica of Wall Street's Charging Bull sculpture stood in the lobby at the London offices of Red Kite Group, one of the biggest metals hedge funds. With prices near six-year lows, a new statue faces it, an even bigger roaring be
In response to Chicago Suburbs $1 Million+ Home Sales "Not Totally Dead" Yet; Rush for the Exit, I received emails from Maryland and Texas about slowdowns in those states.
Read more at http://globaleconomicanalysis.blogspot.com/2015/10/high-en
From London to Amsterdam to Mumbai, shipping containers have been celebrated as a cheap and easy way to provide pre-fab housing. But what is it like to live in one – and can they transcend pop-up status to be a permanent solution?
Sometimes less is more (less good data is moar good for stocks) and in the case of Marc Faber's recent appearance on Bloomberg's "What'd You Miss", 66 seconds of honesty was all that the hosts could take.