Economic Crisis
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How many ways can you say “it’s different this time?” There’s “abnormal,” “subnormal,” “paranormal” and of course “new normal.” Mohamed El-Erian’s awakening phrase of several years past has virtually been adopted into the lexicon these days, but now it has an almost antiquated vapor to it that reflected calmer seas in 2011 as opposed to the possibility of a perfect storm in 2012.
Investment Outlook - Towards the Paranormal
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) posted -7.6 in its latest reading, data through December 23. The latest public data point is virtually unchanged from last week's -7.7. The index has been hovering in a narrow range between -7.4 to -7.8 for the past seven weeks.
ECRI: 'If You Think This Is A Bad Economy, You Haven't Seen Anything Yet'
The thinking man's finance blog it is not. But if you are looking for all manner of business and economic news, as well as Wall Street gossip and what's hot on the Web, Business Insider is the best place to go. Unfortunately, more and more of the content on the blog is basically plucked from elsewhere without a lot of original analysis or reporting. But Business Insider, which is headed by former Wall Street analyst Henry Blodget, does a good job of picking its stories.
Business Insider - The 25 Best Financial Blogs - TIME
Guest Post: A Run On The Global Banking System - How Close Are We? | ZeroHedge
My own sense is, this is the first tremor of the earthquake that’s coming to the global financial system . And how the central banks and financial regulators treated the “Systemically Important Financial Institutions” that had exposure to MF Global—to the detriment of the ordinary, blameless customer who got royally ripped off in its bankruptcy—is both the template of how the next financial crisis will be handled, and an accelerator that will make the next crisis happen that much sooner. So first off, what happened with MF Global?
FINALLY, SOME EXCELLENT INVESTMENT ADVICE: Don't Play The Losers' Game
If you're an individual with some money to invest, the first thing you need to know if you want to invest intelligently is that you shouldn't play the Losers' Game. What's the Losers' Game? The game that 99.9% of the people who talk about investing appear to be playing: Namely, following global economics and markets and investment advice and trying to make smart decisions along the way.
We have half joked about this on Friday after a ton of the Facebook traded around its IPO price of $38 and no doubt many of the shares came back to the Street. Oliver Stone couldn’t write a better script. Far fetched and unlikely as it is, but imagine a scenario where the leads of the Facebook IPO take down so much stock trying to protect the $38 syndicate price it puts them at risk. The markets panic as FB breaks syndicate price sending the stock into freefall. The Fed is then forced to step in and provide liquidity to these financial institutions and take Facebook stock as collateral. Morgan Stanley’s market cap is more than double the entire size of the Facebook IPO so we wouldn’t lose any sleep contemplating such a scenario.
Global Macro Monitor | Monitoring the Global Economy
Submitted by Tyler Durden on 03/22/2012 - 18:39 Auto Sales CDS China Consumer Sentiment Crude David Rosenberg Global Economy Housing Starts Iran Israel Merrill Michigan NAHB NFIB Payroll Data Personal Income recovery Rosenberg University Of Michigan Back in early 2011, even as the global economy was at best flatlining, the one goalseeked explanation to justify a levitating stock market (which was rising solely due to the short-term effect of transitory QE2 liquidity), was soaring corporate profitability (which only lasted as long as companies could trim some residual SG&A fat; they have now cut into the bone in terms of layoffs).
ZeroHedge | On a long enough timeline the survival rate for everyone drops to zero
Gold
The Western World is just getting started on the second of two lost decades, according to a big report by Citi's Matt King. While the last lost decade was characterized by boom and bust, the new one will be characterized by deleveraging and slow growth. We haven't even begun to erase the massive debt load from the past few decades. The UK particularly stands near the Japanese peaks of the early 1990s.
PAYBACK TIME: Citi Warns Of A Coming Decade Of Deleveraging
Europe
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