CoreLogic has released their house price index for May. Bill McBride presents the analysis and graphs here.
Comments »Monthly Archives: July 2012
Physicists Inch Closer to Proof of Elusive ‘God’ Particle
Why do things in the universe have mass? Physicists are set to announce the discovery on Wednesday. Read the article here.
Comments »Fat Chance: France’s Socialist Gov’t Needs ‘Unprecedented’ Spending Cuts
Instead, they’ll likely only raise taxes.
“It will require both an unprecedented curb on public expenditure and an increase in taxes,” Mr Migaud said.
Or, they could blame Bush. I mean Sarkozy.
But the report revealed no “black hole” in the state books and gave credit to Mr Sarkozy’s administration for a significant improvement in the deficit since 2010. It appeared at odds with the government’s plans for tax hits on big business and the wealthy.
Two strikes. Perhaps France can just grow growth and competitiveness through big social spending?
“In health, education, vocational training, for example, France spends much more than other countries where the outcome in these areas is considerably better than ours,” Mr Migaud said.
Read the article here.
Comments »Chart: US ISM since 1950
Gas Prices Down 13 Weeks; Longest Streak Since 2008
But will it last for long? Read the article here.
Comments »Asia Opens to the Upside
The Super Derecho Strikes
Classic form for 2012 and all that climate change blah blah.
On a more serious note; donate to your local red cross for all those left with out power or homes across the U.S.
Comments »On the Matter of Dark Pools: ‘Seedy at Best’
“Courtesy of the author, here is the last excerpt from the excellent Dark Pools: High-Speed Traders, AI Bandits, and the Threat to the Global Financial System, by Scott Patterson, author of The Quants. To read the previous excerpts, see here and here.”
Comments »Documents Expose Morgan Stanley Forcing Rating Agencies To Inflate Ratings
“With Europe, the BBA, and virtually everyone shocked, shocked, that the global bank cabal schemed and colluded for years to manipulate interest rates, so far only America appears relatively blase, and totally ignorant, about the issue. Perhaps it is because the first bank exposed in the manipulation scheme so far is European, perhaps because it is just tired of all the endless crime coming out of the criminal complex known as Wall Street. It is unclear. Then again, America will soon have its own manipulation scandals to deal with: ”
Comments »‘Companies Will Likely Sandbag 2H Guidance on Macro Concerns’
‘Dancing Around the Fire of Hell’
Now for Something Completely Different
A little science adventure in MMS.
[youtube:http://www.youtube.com/watch?v=y3_vW5yrNek 450 300] Comments »Icahn Wants Not 1 or 2 or 3, but 4 Seats on $FRX Board
In a letter to Solomon, Icahn said the company’s long-time CEO had sold more than $500 million worth of Forest stock several years ago “at prices substantially higher than today’s price.”
“Those sales now look to me like a savvy bet against the prospects of a company that was not prepared to meet the calamitous events that would befall it several years in the future when Lexapro went off patent,” Icahn said.
Comments »80% of Americans Work 6 Days When You Count “After Hours”
Go make a fucking holiday of this week if your American. Just got back from the lake with the dogz…
[youtube://http://www.youtube.com/watch?v=Qkuu0Lwb5EM 450 300] Comments »UBS Cuts it s Year End Target for the S&P
Market Update
Your still looking at the markets ? Go make a holiday for the week already. Nothing to see here.
{PHOTOS} ABE LINCOLN LOOKALIKE BANK ROBBER WANTED BY FBI
H/T @thestalwart
FULL STORY AT FBI.GOV
The FBI Bank Robbery Task Force needs your help identifying a bank robber dubbed the “Abe Lincoln Bandit.” The man, sporting a long, Abraham Lincoln-like beard, robbed the Wells Fargo Bank located at 11102 Scarsdale in Houston, Texas, earlier today (June 30, 2012). Surveillance photos are below.
Warning Viewer Discretion Advised: FTF Films: Do You See What I See?
[youtube://http://www.youtube.com/watch?v=WWRlIGEIBuA 450 300] [youtube://http://www.youtube.com/watch?v=UmNV8_VBGX0 450 300]
Comments »Just a Reminder; Lead by Example
[youtube://http://www.youtube.com/watch?v=6Ma6Uv5jbKk 450 300]
Comments »United Technologies Does a Low Down Dirty Shame
“China’s military today has its first attack helicopter, thanks in part to a major American defense contractor that illegally provided important software and in the process violated U.S. export control laws.
Federal prosecutors announced this week that United Technologies and two of its subsidiaries were punished for selling engine-control software to the Chinese 10 years ago. The companies were ordered to pay a $75 million fine for violating an arms embargo that’s been in effect since the 1989 Tiananmen Square massacre.”
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