(Source: “Numbers On Welfare See Sharp Increase” (subscription required), The Wall Street Journal, June 22, A1)
[The Fed] “might reference recent market movements by talking about the ongoing repricing of risk….” – Drew Matus (subscription required), Senior Economist, Lehman Brothers Well aren’t we just so excited about seeing Uncle Ben tomorrow!!! I mean would you look at that:…
You have to own the banks. I don’t think the world is ending…. It’s 5 billion years away when the sun flames out. – Ron Insana on CNBC’s Mad Money, Friday July 10 Back in March 2006, longtime CNBC anchor…
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An interesting meme has taken hold of the crowd mind that is financial markets in recent weeks: The Peak Inflation Narrative. It started when Powell signaled a 50 basis point hike on Thursday April 21 and has gained momentum since….
On the strength of upgrades yesterday from Citigroup Homebulder Analyst Stephen King and then an “interesting” interpretation of today’s pending home sales number, homebuilders have staged a nice 7% bounce over the past 2 days (Chart). The bulls sure are…