by Shah Gilani, Money Morning
Reading about what's going on in the subprime auto lending space is a lot like reading about drive-by shootings.
Unless you're a subprime borrower, or live in a neighborhood where drive-bys are happening, you probably don't know much about either or think they affect you.
by Rick Ackerman, Rick's Picks
After America: Get Ready for Armageddon is almost as depressing as its title. Mark Steyn's 2011 book, which I'm reading now for the first time, gives statistical heft to the doomsday thread that animates this forum form time to time. There's no point in trying to save the Republic, Steyn warns, because it's too late; it is too far gone. The Nanny State has become all-pervasive, meddling in every detail of our lives in ways that even King George III would have rejected as too intrusive.
by Michael Grogan, First Class Analytics
For the past couple of months, I have strenuously been arguing that the current monetary policy in Europe is misguided. While a low interest rate policy seeks to promote economic growth in the Eurozone, it has done anything but - with GDP in countries such as Canada, UK and US far outpacing that of Europe.
January 18th, 2015
in Op Ed
by David Stockman , Daily Reckoning
This morning's market is more erratic than Claire Danes off her lithium. Gold is soaring, the euro's plunging, US treasury yields are in free fall, junk bonds are faltering, copper is bouncing, oil has rolled over, the Russell 2000 momos are getting mauled, the swissie has shot the moon, the Dow is knee-jerking down, correlations are failing......and the robo traders are flat-out lost.