How the Fed boxed itself — and you — in
> This week’s Washington Post column is out, and its a look at what led the Fed to its current situation. Pretty much out of bullets, and out of options. The online version is titled How the Federal Reserve boxed itself in, but I like the print version’s headline better: How the Fed boxed itself...
German Factory Employment Rises; Hungarian Construction Slumps
German factory employment climbed but Swedish industrial output fell in June. Denmark factory prices rose, Czech producer price inflation eased, and Swiss producer and import price index declined in July.
Italy Proposes €45 Billion in Cuts; Transocean to Acquire Aker Drilling
European indexes edged higher after a tumultuous last week on optimism of global economic recovery. The Italian cabinet approved €45 billion austerity plan. Transocean agreed to acquire Norway-based Aker Drilling for $1.43 billion.
Screwed Up
Screwed Up is a lovestory and a story of not knowing a good thing until its gone. After a short honeymoon period monotony and arguments settle in. One deserts the other, but regrets that very decision soon after and embarks on a search for the missing other half. Screwed Up from Kris Hofmann on Vimeo....
Australian Index Soar 2.6%; Newcrest Net Jumps 63%
The benchmark indexes in Australia soared 2.6% after investors snapped up resources linked companies. Newcrest Mining reported a sharp jump in net income and guided 12% higher earnings per share in the current fiscal year.
Sunday Morning Coffee
Just a couple of quick items from Barron's as the weekend has been crazy busy with Fire Department stuff.
More so than most issues there was a heavy emphasis on why US stocks are attractive. Repeated a couple of times was the book value argument espec...
Sunday links: the real enemy
Quote of the day ETF Replay, “If you have a well-defined investment process, your only real enemy is yourself — not volatility.” (@ETFreplay) Chart of [...]
Weekend AM Reads
Some interesting Sunday morning reading materials: • Americans are angry. Why aren’t they protesting? (Washington Post) • S&P: Skeptics fueled downgrade (Politico) see also SEC Checks S&P’s Downgrade Math (WSJ) • Kass: Leave the Short-Sellers Alone (The Street) • What happened in London? Just an adjustment of the Riot Index (The Globe and Mail) see...
Top clicks this week on Abnormal Returns
Thanks for checking in with us this weekend. Here are the items our readers clicked most frequently on Abnormal Returns for the week ended Saturday, [...]
Bank of America’s Moynihan Begs Geithner to Give Him a Positive Mortgage Talking Point
Matt Stoller pointed out this Bank of America story on Bloomberg, "BofA's Moynihan Said to Press Geithner on Foreclosure Agreement," which has the perverse effect of revealing how desperate the beleaguered Charlotte bank is:
