By Mike “Mish” Shedlock State economies have partially recovered from the depths of 2009 and early 2010, but 17 states still project deficits. Moreover, there are no rainy day funds or untapped revenue sources, and...
Read MoreBy EconMatters Bob Doll, chief investment officer at the world’s biggest money manager– BlackRock ($3.6 trillion in assets), who has produced an annual prediction for over a decade, just published his 10 predictions...
Read MoreBy Ilene (with Lee Adler of the Wall Street Examiner)The ECB (European Central Bank) is borrowing U.S. Dollars from the Fed to bailout European banks. And that is in addition to the Long Term Refinancing Operation (LTRO)....
Read MoreBy Tim Iacono Standard & Poor’s reported(.pdf) that the Case-Shiller 20-City Home Price Index fell 1.2 percent from September to October, its sharpest decline in a year, while the 10-City index fell 1.1 percent....
Read MoreBy Michael Snyder Once upon a time, the United States had the largest and most vibrant middle class that the world has ever seen. Unfortunately, that is rapidly changing. The statistics that you are about to read prove beyond a...
Read MoreBy Tyler Durden of ZeroHedge As EURUSD leaks very gently lower into the new year (but stocks popped excitedly across quiet European markets that lacked a bond market supervisor to keep them honest), we thought it might be...
Read MoreBy Frank Holmes In 2011, oil was one of the top performing commodities among those we track, with Brent rising more than 13 percent. Geopolitical risk and unexpected non-OPEC supply losses caused oil to rise significantly in...
Read MoreBy Central Bank News Top Chinese officials have recently made public comments on the direction of monetary policy in China for 2012. China’s President, Hu Jintao, said in his New Year speech: “We will continue to...
Read MoreBy Prieur du Plessis The CFLP Manufacturing PMI rebounded to 50.3 in December after falling to 49.0 in November from 50.3 in October. The fall in November was particularly worrying as the month is normally a relatively strong...
Read MoreBy Central Bank News The US President, Barack Obama, has signed into law new sanctions on Iran’s central bank that will punish foreign financial institutions that do business with Iran’s central bank, The Central...
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