Media Network Online
Hard hitting global and local news
Hard hitting global and local news
Chicago Board of Education Yanks $875 Million Bond Sale Over 7.75% Yield; Five Questions for Chicago On Wednesday, the Chicago Board of education pulled the plug on a proposed $875 Million Bond Sale . Facing hefty yields, the financially ailing Chicago Public Schools (CPS) postponed Wednesday’s planned $875 million bond sale and will evaluate the timing on a day-to-day basis, a school official said
See more here: New Home Sales Surge but Prices Down Sharply; Prices Have Room to Fall; Is Everybody In?
"Levels Not Seen in 80 Years" The supply glut in oil storage continues as crude.
See more here: Financial Engineering Chart of the Day: Fed Balance Sheet vs. S&P 500
View article: Iran: Lifting Sanctions and Coming Betrayal
See the original post: French Taxi Drivers Burn Tires Block Airports in Mass 24-Hour Strike; 20% of French Flights Cancelled
How Healthy Is the Labor Market, Really? What’s the "official" unemployment rate vs. economic reality
Conference Board Consumer Survey The consumer conference board does a paper survey every month on consumer confidence. The board’s technical notes say (emphasis mine) "The targeted responding sample size – approximately 3,000 completed questionnaires – has remained essentially unchanged throughout the history of the CCI." I called up the board with a simple question: How many surveys do you send out to get 3,000 completed questionnaires
The Wall Street Journal hits the nail on the head with this headline: Yuan’s Fall Is Just ‘Noise’ Amid Deeper China Woes . When the financier George Soros attacked the British pound in 1992 and famously “broke the Bank of England†he was trading on a conviction that the currency was misaligned. Britain devalued after squandering its reserves in a vain defense.