3 Ways FindLaw’s Updated, Free Codes Will Make Your Life Better
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…
Wal-Mart Tumbles Despite Earnings Beat After Revenue And Same Store Sales Miss, Guidance Cut
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…
Frontrunning: February 18
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…
Turkey Blames Kurds, Assad For Terrorist Attack, Vows Swift Response
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…
First Iran, Now Iraq Refuses To Commit To Oil Production Freeze
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…
Bad News For Fed Doves – Initial Jobless Claims Plunge Near 43 Year Lows
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…
Philly Fed Contracts For 6th Month In A Row As “Hope” Crashes To Nov 2012 Lows
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…
This Is The Real Reason For The War On Cash
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…
China Unleashes A Debt Tsunami: Creates $1 Trillion In Debt In First Two Months Of 2016
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…
Hungarian Central Bank Hoards 200,000 Bullets, Hundreds Of Guns Due To “Security Risks”
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…