Apparently, forces of nature and supernature do not like the collider:
“The Large Hadron Collider, the world’s most powerful particle accelerator, just cannot catch a break. First, a coolant leak destroyed some of the magnets that guide the energy beam. Then LHC officials postponed the restart of the machine to add [...]
This has been a helluva week of travel — NY to Dallas to Austin to Detroit. This post is set to launch after I takeoff for San Francisco. I will return home early next week.
My mind is brimming with ideas — About asset management, travel, investing, politics, speaking engagements, food. [...]
Consumer Credit outstanding fell $14.8b in Sept seasonally adjusted, almost $5b more than expected and marks the 11th month in the past 12 of declines. At $2.456T outstanding, it is 4.9% below the record high in July ‘08. After a flat reading in Aug, (didn’t fall b/c of the CARS [...]
While I am waiting for my delayed flight (crew is late arriving form orlando), I have some quik thoughts on NFP.
The data today was pretty ugly — 10.2% Unemployment rate, 17.5% under employed, the highest on record.
The recession that began in December 2007 has now shed over 7.3 million jobs. [...]
The Home Buying Tax Credit costs what? On the day President Obama signed the extension of the home buying tax credit, Rasmussen Reports released the results of a poll today saying that 57% favor the $8,000 tax credit for 1st time home buyers but when they hear that it will [...]
Here’s another one of those stories that will make your blood pressure boil: Instead of moving forward with broad regulatory protections of economics system, we are undoing effective regulations that protect investors.
Floyd Norris has the details. Under the guise of helping small businesses, the accounting requirements of Sarbanes-Oxley are being [...]
Oct Payrolls fell by 190k, 15k more than expected BUT net revisions were up by 91k over the two prior months. The unemployment rate rose to 10.2%, .3% more than expected and up from 9.8% in Sept as household employment fell by 589k and the labor force shrunk by 31k. [...]
This morning, we get the Employment Situation released at 8:30. Consensus estimates are for a loss of 175,000 jobs, and a range of 105,000 to 250,000.
I suspect those numbers might be too optimistic. As the Fed stated, we will have “Exceptionally low rates for extended periods of time.” That [...]
Peter Boockvar, Barry Ritholtz, David Kotok, Prieur du Plessis, Guest Author, John Mauldin, Jim Welsh, Marion Maneker, David Rosenberg, lakshman, Michael Panzner, James Bianco, Rick Ambrose, Bill King, Tim Iacono, Kent Thune, Chris Whalen
