When floating gives you that sinking feeling

Today at Bank of America my wife and I made a deposit for Kate’s, my step-daughter, college tuition. Interestingly enough B of A just changed the length of time until a check posts to your account from 3 business days to 5. That’s very strange because that...

Positive earnings reports

Good morning everyone! The third quarter earnings season is shifting gears and accelerating. Two bellwether companies have reported and the results look good. I am speaking about JP Morgan and Intel. JP Morgan Revenues were up 81% (!) to $26.6 billion. Profits were...

Global crisis foment, slight return

In the comment section, super loyal Nate says… “Whoa whoa whoa. I gotta comment on this article, ESPECIALLY after your next newer one. You haven’t sounded this worried about the economy since the blog began, and the comparison makes it striking. This...

Economic data coming in nicely

Happy Friday everyone! Economic data continues to roll in and it is largely positive. For example… September Retail Sales September retail sales showed a lot of improvement with same-store sales up 0.6%. While a modest gain, this compares to big declines for the...

Global crisis foment

Normally I do not post about geopolitics because generally these issues do not affect the performance of the financial markets. However, I have to alert you to rumblings about Iran that I am reading, mostly via Stratfor, and why that warrants our attention. The issue...