May 5, 2015
Chicago Board of Education to Default on Bonds? Rick Santelli and Mish Discuss on CNBC
Link if video does not play: Chicago BOE to default? Three minutes flies by fast
Hard hitting global and local news
Hard hitting global and local news
Link if video does not play: Chicago BOE to default? Three minutes flies by fast
Using a Prechteresque term, Bill Gross Says the "Bull Market Super-Cycle is Nearing End" . The attempt by global central banks to cure a debt crisis with more debt doesn’t have much further to run, which will end a rally that’s lasted three and a half decades, the 71-year-old manager wrote in an investment outlook for Janus Capital Group Inc
Read the original post: Factory Orders Positive First Time in 8 Months, Remain Weak
View post: Venezuela to Nationalize All Food Distribution, Increase Public Wages 30%
Now that we have the backdrop out of the way, please consider Twinkie’s Miracle Comeback: The Untold, Inside Story of a $2 Billion Feast Walk in the door of Hostess Brands’ flagship bakery in Emporia, Kansas and your first thought is: What a dump.
Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected; Four Reasons Economists Perplexed Economists have been overly optimistic on the majority of economic reports for going on six months. Today the Bloomberg Consensus estimate for construction spending was for a 0.4% gain. The actual result was a decline of 0.6%
Prior to this plunge, LinkedIn had a market cap of $31.74 Billion. Why?
Read the original post: Initial Unemployment Claims Plunge to 262,000 – Lowest Since April 2000; What’s Going On?
View original post here: Fed Cites Weather, "Transitory" Factors in FOMC Statement; No Hat Tricks; What About Consumer Sentiment?
The Richmond Fed reports Manufacturing Sector Activity Remained Soft; Employment and Wages Grew Mildly Overall, manufacturing conditions remained soft in April. The composite index for manufacturing moved to a reading of -3 following last month’s reading of -8. The index for shipments and the index for new orders gained seven points in April, although both indicators finished at only -6.