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It’s one of the three branches of government, but also one of the least understood. Except for a few weeks in June, when the Court releases its most important decisions, and when it comes time to appoint a new justice, the Supreme Court largely flies under the public’s radar. (Way under. A surprising percentage of […]

If you’re a lawyer in the Big Apple or Baghdad by the Bay, we’ve got a present for you. FindLaw’s California and New York Codes sections are updated, improved, and ready for you to use. Free, mobile-friendly, and brought to you through FindLaw’s partnership with Westlaw, we’re pretty confident that the new codes will make […]Read More

Moments ago the world’s largest retailer by workers (if not by market cap any more courtesy of AMZN), reported non-GAAP earnings which at $1.49/share in Q4 beat expectations of $1.46 (GAAP missed at $1.43 but let’s ignore that). The company also announced that comp sales at Walmart U.S. were positive for the fifth consecutive quarter, […]Read More

Oil extends rally towards $35 after Iran welcomes output freeze (Reuters) Overproduction Swamps Smaller Chinese Cities, Revealing Depth of Crisis (WSJ) House Flipping Is Making a Comeback in Las Vegas (BBG) Trump leads Republican field nationally by more than 20 points (Reuters) Turkey blames Kurdish militants for Ankara bomb, vows response in Syria and Iraq […]

Moments after a massive explosion rocked Ankara on Wednesday, we said the following: “Expect this to be pinned on either ISIS or the PKK. If it’s the latter, Ankara will once again claim that the group is working in concert with the YPG and that will be all the evidence Erdogan needs to march across […]

After a dismal start to the year, pushing initial jobless claims to six-month highs, it appears ‘everything is awesome’ again as despite surging layoffs (Challenger, Grey and headline after headline in the press), initial claims tumbled to 262k this week – just above the 43 year lows of last fall. It’s not all ponnies and […]

For all the euphoria about the proposed OPEC oil production freeze deal, the reality is that nothing has been actually decided. As readers will recall, the only “decisions” agreed to between the Saudi and Russian oil ministers were to cap production at already record high levels of output, however contingent on everyone else voluntarily joining […]

While jobless claims look rosy, Philly Fed’s employment index plunged by the most since May 2013 as the headline survey extended its period of sub-50 contraction to six straight months – the longest streak outside of a recesssion in history. Across the board the underlying components were weak with current all tumbling led a collapse […]

Originally posted Op-Ed via The Wall Street Journal, These are strange monetary times, with negative interest rates and central bankers deemed to be masters of the universe. So maybe we shouldn’t be surprised that politicians and central bankers are now waging a war on cash. That’s right, policy makers in Europe and the U.S. want […]Read More

One of the more stunning economic updates this week was China’s unprecedented surge in Chinese loan creation, when as reported earlier this week, China unveiled a whopping CNY3.42 trillion in Total Social Financing, its broadest debt aggregate, an amount greater than half a trillion dollars, of which CNY2.51 trillion was in new bank loans. The […]

If we learned anything last September it’s that Janet Yellen’s reaction function now includes domestic and global financial markets. Well that, and we learned that Hungarian PM Viktor Orban isn’t playing around when it comes to Europe’s worsening refugee crisis. While everyone else in Europe was busy trying to figure out how to accommodate the […]Read More

If “everything’s fixed,” then why is the number of distressed debt issuers still the highest “since Lehman.” h/t @mattmiller1973 And the answer is not – it’s just energy and it’s different this time. Average: Your rating: None Average: 5 (3 votes)