Construction Spending in U.S. Decreased 0.6% in November
Manufacturing index rises to nearly 4-year high
Chinese Manufacturing Grows by Most Since April 2004
Gold Futures Advance Most in Two Months in N.Y. as Dollar Drops
Oil Surges Above $81 on Cold Snap, Improving Economic Outlook
Treasury Two-Year Notes Gain for the First Time in Two Weeks
U.S. Stocks Climb as Factory Gauge Rises More Than Forecast
"Chip Mason, chief executive and founder of Legg Mason, one of the world's biggest money managers, said yesterday that the credit markets are in the worst state he has seen in his 47 years in the business. ‘It is a very unusual situation. I have not seen anything like this, where nothing is traded.’"
Financial Times, December 5, 2007
by Doug Noland | Dec 31
It was quite a year - for Washington, the markets, the global economy, "money," speculation and Bubbles.
Read moreby Martin Hutchinson | Jan 4
It being January, I am drawn irresistibly to the British Prime Minister Benjamin Disraeli's only significant contribution to monetary policy thought, his comparison of a particular step to the supposed Naples miracle of the liquefaction of St. Januarius' blood.
Read moreby Peter Souleles | Nov 24
One generation to regeneration
I dare say that everyone between the ages of 25 and death is living with regrets about the past, anxieties about the future or both.
Read moreby Gregg Jahnke | Dec 8
Light holiday reading and the future of Western civilization
There is no better way to get into the Christmas spirit than to read the two chronicles of our recent financial disaster, Andrew Ross Sorkin's "Too Big to Fail" and Charles Gasparino's "The Sellout."
Read more|
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