‘money’ Archives
Militants Claim Attack On An ENI Oil Pipeline In »
LAGOS, Nigeria (AP) — An Eni SpA oil pipeline ruptured and caught fire as a militant group claimed responsibility for an attack in the region, their first alleged assault in months as its purported leader awaits trial on terrorism charges in South Africa. The Movement for the Emancipation of the Niger Delta also threatened to attack South [...]
PRESENTING: Our Favorite Economic Report In The World »
It’s obvious that we get pretty excited about the monthly jobs report around here — especially when the numbers are awesome like they were on Friday. But while employment may be the most important aspect of the economy, it’s still only one part of the picture. So we’d like to introduce you to our favorite economic report [...]
GREECE: WE HAVE 24-HOURS TO STRIKE A DEAL »
Just like old times: Will they get a deal done before the Asian markets open? REUTERS: Greece has just one day left to strike a deal with impatient lenders and reluctant political party leaders on a 130 billion rescue plan before the country is pushed towards a chaotic default, its finance minister warned on Saturday. … In an apparent [...]
Here’s The Real Problem With Investing In The »
The big news in the Carlyle IPO story is that the private equity firm and its founder David Rubenstein dropped a plan that would have prohibited shareholders from filing class-action lawsuits. Great news, right! Buy, buy, buy on Carlyle shares? Not so fast. There’s a fundamental problem with investing in public equity private equity [...]
Since The S&P Downgrade… »
Since the S&P downgrade on August 5 of last year… The stock market (red line) is way up, and US borrowing costs (blue line) are way down. Please follow Money Game on Twitter and Facebook. Join the conversation about this story » See Also: Welcome To The New Era Of Market Panic A ‘Golden Cross’ Is About To Appear In [...]
The Gigantic Conspiracy To Inflate Jobs Numbers In »
After that strong jobs report on Friday, radio host Rush Limbaugh blasted the “corrupt” data, which he claimed were a total lie. From Newsmax: The jobless rate reported today is “corrupt as it can be” because President Barack Obama’s administration has decreased the size of the workforce, Rush Limbaugh said on his [...]
A Beautiful Reminder Of What It Takes To Create More »
This week we got fresh ISM survey data for both the manufacturing and non-manufacturing areas of the economy. Now as we’ve pointed out a billion times, there’s one thing that consistently is shown to be a driver of hiring: More sales. Regardless of the regulatory climate, confidence, hiring, inflation, credit, etc., businesses hire [...]
THIS Is What A Self-Sustaining Recovery Looks Like »
Most of the monthly reports released this week were stellar. 243,000 new jobs were added, and the internals, including the leading indicators of manufacturing jobs and workweek, were positive. And no, as my colleague SilverOz pointed out, 1.2 million workers did not suddenly vanish. In fact, as Calculated Risk has shown, labor force [...]
Hey! Look What’s Getting Close To A 4-Year High »
XHB, the homebuilder ETF, had another monster week, breaking out to a new multi-year high. This uber-beaten down sector is close to surpassing levels from Spring 2008. Remarkable. SPDR S&P Homebuilders ETF And just so you can see things more clearly, check out this one-year chart. Please follow Money Game on Twitter and Facebook. Join the [...]
