7 Potential Supreme Court Justices Who Aren’t Sri Srinivasan
When Justice Scalia passed away last Saturday, talk turned immediately to his potential replacements. And we mean immediately. Before the paper of record had even uploaded Justice Scalia’s obituary, DC…
Most Outrageous Places for Lawyer Advertisements
Have you ever considered an advertising or marketing idea but dismissed it because you thought it crossed the line of good taste? We have news for you: whatever the idea…
Frontrunning: February 17
Futures rise as oil gains hold steady (Reuters) China promises economic stability as G20, parliament loom (Reuters) Obama scolds Senate Republicans for Supreme Court threat (Reuters) China Deploys Missiles on…
Bombardier Thanks Canada For $1 Billion Bailout By Firing 7,000 People
Back in October, Quebec put taxpayers on the hook for a $1 billion bailout of planemaker Bombardier, which was having one hell of a hard time creating a buzz around…
Downturn Now Hitting The Refining Sector
Submitted by Michael McDonald of OilPrice Downturn Now Hitting The Refining Sector As all energy investors know, it has been a terrible year for oil and natural gas companies. Many…
Stocks Have Taken Out Critical Support… Prepare Now!
One of the most critical lines to watch is the 12-month moving average for stocks. Historically this line has served well as a proxy for determining if stocks were in…
Tim Cook Refuses To Comply With “Chilling” Government Demand To “Build A Backdoor” Into iPhone
Following the December 2 horrific mass shooting in San Benardino, Judge Sheri Pym of U.S. District Court in Los Angeles said on Tuesday that Apple must provide “reasonable technical assistance”…
Core Inflation Spikes Most In 15 Months, Food Costs Surge
Producer Prices (ex food and energy) jumped 0.4% MoM – the biggest rise since Oct 2014 (and dramatically hotter than the 0.1% rise expected). Rubbing salt into Fed mandate wounds…
Housing Starts, Permits Drop For Second Month As Homebuilding Activity Remains Far Below Prior Peak
Today’s batch of housing data, namely the January update of housing starts and permits, which as a reminder has a quite substantial “confidence interval” of between 10.5% and 28.3%, was…
Morgan Stanley Admits “Our Advice Has Been Horrendous”, Blames “Bizarro World”
While we have generally disagreed with Morgan Stanley’s Adam Parker flipflopping on stocks some two years ago, or just as the market was topping out, we can’t find fault with…