Futures Go Nowhere In Quiet Overnight Session

In fitting with the pre-holiday theme, and the moribund liquidity theme of the past few months and years, there was little of note in the overnight session with few event catalysts to guide futures beside the topping out EURJPY. Chinese stocks closed a… [...]

Guest Post: Paul Krugman’s Fallacies

Submitted by Pater Tenebrarum of Acting-Man blog, Krugman, Summers and the First Keynesian Paul Krugman has used the occasion of Larry Summers' speech at the IMF to lay out his economic views, or let us rather say, his economic fallacies. As we alr… [...]

Summers Expects a Long Winter

After having been considered to head of both the Federal Reserve and the Bank of Israel earlier this years, Lawrence Summers has been propelled back into the center of the broader economic dialogue with a speech at a recent IMF Economic Forum. Essenti… [...]

Guest Post: Take It To The Bank

Submitted by Jim Quinn of The Burning Platform blog, Reports like the recent one from SNL Financial – Branch Networks Continue to Shrink really get my goat. As I travel the increasingly vacant highways of Montgomery County, PA I’m keen… [...]

The Onion Revealed As Mystery Source Of Larry Summers’ And Paul Krugman’s Economic Insight

The following brief speech by Larry Summers given at the November 8 IMF Economic forum has been getting some attention in the blogosphere over the weekend. The topic of Summers’ speech is the age-old debate of how to overcome the zero lower bound in … [...]

Frontrunning: October 31

US Blasts Germany’s Economic Policies (WSJ) Citigroup, JPMorgan Said to Put Currency Dealers on Leave (BBG) Watchdog: Syria Destroys Chemical-Arms Equipment (WSJ) Kynikos Alumni Start Hedge Fund Betting on Declining Stocks (BBG) China state media call… [...]

Rumors Of Spain’s Housing Market Resurrection Are Greatly Exagerated

Two days after Spain reported its first positive sequential GDP print (unclear just how adjusted the definition of GDP was to get to this watershed moment after 9 quarters of declines) and a day after it unemployment supposedly dropped more than expect… [...]

Professor Espouses 2+2=4, Lauded with Accolades And Wins Nobel Prize For Real Estate Bubbles

I like Professor Shiller and respect his work. Really, I do, but… Massive bubbles, the sort of the proportion of the 2008 crisis, are nigh impossible to miss if you can add single digits successfully and are able to keep your eyes open for a few… [...]

Frontrunning: October 1

Government Shuts Down as Congress Misses Deadline (WSJ); Shutdown starts, 1 million workers on unpaid leave (Reuters); Government Shutdown Begins as Deadlocked Congress Flails (BBG) This is not The Onion: Stocks Rise on U.S. Government Shutdown (BBG) … [...]

Blast From The "No QE Exit" Past

Almost 4 years ago, The FT’s Mike Mackenzie penned a very prophetic article explaining exactly the dilemma the Fed is now facing: “No matter how bulled up the equity market becomes, should data improve, the Fed is likely to remain very cautious, mindfu… [...]