Pershing Square’s presentation on JC Penney
Hat tip to Dan McCrum for passing along. Ackman’s bullishness on JC Penney is mostly about CEO Ron Johnson and his new management team, but there’s a lot in here on pricing models,...
Stock splits and the volume-price correlations
We ran a couple of posts last week about the declining daily trading volume in US equities the last few years (during a time in which share prices have climbed).The first asked...
Discuss among yourselves, inflation trend path comparison edition
A chart from Market Monetarist:And one from James Bullard (that’s US PCE below):Caveats related to commodity prices, the ECB’s actual inflation target, the differing time series,...
FOMC minutes for April 24-25 meeting
Yes, of course, there was a lot of stuff in the minutes about recent trends in the economy and the looming fiscal cliff and inflation forecasts and so on. The word “uncertainty”...
Goldman’s repo “optimizer”
An interesting passage from a recent CreditSights note on Goldman, following a meeting with the bank’s CFO, David Viniar (emphasis ours):Lastly, Goldman explained that...
Falling daily trading volumes: not so mysterious?
Kid Dynamite made a good point in the comments of our post on Monday about falling daily US trading volumes: they could just be a correction to the churning frenzy that took place during the crisis,...
The mysteriously falling US trading volumes
Does anybody know what’s been driving down daily US trading volumes in recent years?…That chart is from the Credit Suisse Trading Strategy team, who write in a...
US Markets Live transcript 11 May 2012
Markets Live chat transcript for the chat ending at 15:07 on 11 May 2012. Participants in this chat were: Cardiff Garcia Joseph Cotterill, FT Lisa Pollack, FT CG Hello!CG Rabble,...
Breaking down five million job losses, and the curious case of construction
A chart and table via CreditSights, click to enlarge:If you don’t feel like squinting your eyes, here is what’s relevant for this post:– There are 4.99...
The Closer
ROUND-UP Global equities declined today, led down by Greek stocks nearly hitting a 20-year bottom, though the S&P 500 rallied in the US afternoon to finish down just 0.4 per cent....
Fact of the day, US government workers edition
Government workers account for 9.1% of the working age population, equaling the lowest share on record. When this government employment share of the population was last witnessed in 1984,...
We pause for some big-picture good news
This chart from Credit Suisse is included in a note about the graying of America and the developed world’s demographic problems and future runaway deficits and frightening...
