Archive for October, 2009:

God Bless the GDP? No, God Damn the GDP!

{ Posted on Oct 30 2009 by Nick Gillespie }
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Categories : All, Reason Magazine - Economics
Over at Big Government, Mercatus Center at George Mason University economist and Reason columnist Veronique de Rugy reports on the phoney-baloneyness of new GDP numbers coming out of the Bureau of Labor Statistics (BLS, ...Read More »

White House Takes Credit For “All” 3Q Growth

{ Posted on Oct 30 2009 by Lawrence Delevingne }
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Categories : All, Clusterstock
This week, we learned U.S. GDP expanded 3.5% in the third quarter and 650,000 jobs were created or saved by the stimulus. The White House is wisely still avoiding a "Mission Accomplished" moment.  But there's still plenty of self back-patting. Here's ...Read More »

AMAZING: Goldman Avoided Galleon, Just Like It Avoided Madoff

{ Posted on Oct 30 2009 by Joe Weisenthal and John Carney }
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Categories : All, Clusterstock
Impressively, Goldman Sachs (GS) completely avoided the Madoff meltdown, and now we've confirmed that the bank had none of its clients' money in Galleon either. Goldman manages money for a select group of very wealthy individuals and institutions, including many current ...Read More »

Consumer Spending Plummets As Crack Hit From Cash For Clunkers Runs Out

{ Posted on Oct 30 2009 by Wall Street Journal }
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Categories : All, Clusterstock
Consumer spending tumbled 0.5% in September with the end of the "cash for clunkers" auto trade-in program while incomes remained flat, according to a Commerce Department report that raised concerns that the economic recovery could lose steam in the absence ...Read More »

Remember When America Was The World’s Police? Now It’s The Chinese

{ Posted on Oct 30 2009 by Joe Weisenthal }
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Categories : All, Clusterstock
Here's a story symbolic of the changing dynamics of global power. The Chinese have assumed the role of the world's cops. Shanghai Daily: A NEW Chinese naval task force began sailing to the Gulf of Aden and waters off the coast ...Read More »

Meredith Beats by a Hair

{ Posted on Oct 30 2009 by Economics - Today's Popular Articles at http://www.inveslogic.com }
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Categories : All, Economics, inveslogic
Excluding a favorable tax benefit, adjusted earnings per share of Meredith Corp. came in at 34 cents per share, edging past the Zacks Consensus Estimate by a penny.... Read More »

SEC Charges Former CFO and Six Relatives and Friends in California-Based Insider Trading Ring

{ Posted on Oct 30 2009 by SEC.gov Updates: Press Releases }
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Categories : All, SEC.gov Updates
The Securities and Exchange Commission today charged the former chief financial officer of a San Francisco private investment firm and six of his relatives and friends with insider trading, alleging that their scheme collectively reaped more than $8 million in ...Read More »

Hope You Bought Your Hedge

{ Posted on Oct 30 2009 by Vincent Fernando }
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Categories : All, Clusterstock
After being up just 2% in the morning, the Volatility Index (VIX) has now spiked 26% today as the market is tanking. Options just got a lot more expensive and any option hedges you bought a few days back are ...Read More »

Rig Counts Inching Back Up (BHI, OIH, DIG, USO, OIL)

{ Posted on Oct 30 2009 by ETF's Sector - Latest Expert Blog Articles at http://www.inveslogic.com }
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Categories : All, ETFs
This week s data from Baker Hughes, Inc. (NYSE: BHI) on the weekly rig counts looks better and less mixed than in other weeks despite the notion that all projects should be financially sound at current levels. ...Read More »

Dylan Ratigan as Thomas Jefferson

{ Posted on Oct 30 2009 by Economics - Today's Popular Articles at http://www.inveslogic.com }
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Categories : All, Economics, inveslogic
Visit msnbc.com for Breaking News, World News, and News about the Economy ... Read More »
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