More Financial Industry Shenanigans

Today’s Wall Street Journal has a fascinating article entitled, “Beware of ‘Independent’ Investing Research.”  The story demonstrates the increasingly intimate relationship between the financial services industry and financial academia. ...

Producer prices up is a good thing

Analysis: Such is the nature of panic that when minor news is slightly negative there can be a massive response.  One of the sources of panic of late has been a fear of deflation setting in.  I have discussed the evils of deflation on the blog before but here is a...

Industry is strengthening

Dating back to the spring of 2009 industrial production in the United States has been one of the strongest economic sectors.  So when industrial production slipped in June along with other disappointing economic news, there was a mini-panic.  However, July’s...

Sales at Wal-Mart mixed

Good morning everyone! There is a slew of news this morning worth writing about.  First up is Wal-Mart which reported its second quarter earnings this morning.  In short, profits at the world’s largest retailer were up 3.6%.  However, U.S. same-store sales were...

Economic growth in Europe surprises big time

Second quarter economic statistics for Europe are out today and the numbers are very surprising.  The growth, while a modest (by U.S. standards) 1.0%, was the fastest in four years.  That 1.0% growth was as compared to the first quarter of 2010.  When compared to the...