Category

U.S. GDP

Wall Street

You Can Become a Goldman Sachs Partner for Just One Dollar (Here's Why You Shouldn't)

Starting now, you can partner with Goldman Sachs for $1.

Here's how this retail banking venture will work - and why you should deposit your money with caution...

Economic Data

11 Reasons Why Everyone Wants to Move to Texas

The Lone Star State is home to 26.9 million residents – as well as low unemployment rates, barrelsful of crude oil, and a bustling tech sector.

Those are just a few reasons why so many people want to move to Texas.

Here are nine more...

The Fed

Burying Our Future at Jackson Hole

Fed Chair Janet Yellen is set to speak in Jackson Hole, Wyoming, today.

When she does, she'll say one thing - but this is what she really means...

Economic Data

How the BLS Fudges Jobs Report Numbers with Seasonal Adjustments

Jobs report data, like July's, is known to include seasonally adjusted numbers.

But there's a big problem with the way the Bureau of Labor Statistics calculates these adjustments...

Washington

The Buried Truth About President Barack Obama's Wage Growth

Don't believe all the hype about U.S. wage growth's ever-increasing rise upward.

This major government institution just admitted it made a few math errors...

Economic Data

It's a Great Time to Buy Tech Stocks… and These Numbers Prove It

On Thursday, an important bit of news came out that you may have missed: The U.S. Commerce Department sharply revised upward its second-quarter GDP estimate.

That revised number proves that, despite recent market turbulence, the U.S. economy remains on solid ground.

And that means now is a great time to take advantage of the buying opportunities the chaos has created - especially in tech stocks. Let's take a look...

From Complexity to Chaos, From a Trickle to a Flood

As a volatility trader, I loved seeing stocks drop 2% last week after having risen 3%. But as a credit trader and student of market behavior, I know all too well that this type of volatility is a forecast of stormy seas ahead.

Markets were disturbed last week by more evidence that the economy is weak, in spite of the fact that a steady stream of lousy economic news this year has done little to prevent stocks from reaching new highs.

With first quarter GDP increasingly likely to come in at well below 1% - a number that certainly can't be blamed on the weather alone - investors are now starting to sweat. Here's what they'll do next...

U.S. Economy

What's Really Going on Inside the Latest GDP Number

Sit down before you read this…

It's going to make your head spin and, worse, change the way you think about what's real in America.

Christmas came early this year, for the market that is, by way of a gift from the U.S. Bureau of Economic Analysis.

However, this branch of the U.S. Department of Commerce didn't put its gift under anybody's tree. They put it over all of us.

The gift was headline news that the "third revision" of the third-quarter gross domestic product (GDP) number showed the U.S. economy grew at a whopping 5% annualized rate, not the 3.9% rate posted in the "second revision."

That sounds like good news, right?

Well, here's what's scary...

Washington

2014 State of the Union Address: Nine Ideas You'll Hear Tonight and Why They Matter

SOTU 2014: U.S. President Barack Obama will deliver his fifth State of the Union address tonight, which means tomorrow most media outlets will graph and "wordcloud" his most used buzzwords like "jobs," "invest," and "innovate."

Instead of waiting until after the SOTU, we put together the nine phrases you're likely to hear tonight – as well as why President Obama needs to address them.

Here's your outline of State of the Union 2014:

To continue reading, please click here...

The Fed

Deflation Is Coming (and It's Not What You Think)

Be careful out there.

The stock market rally that started in March 2009… The one that's taken us out of the Great Recession and to new highs… The rally that's driving sentiment indicators of people who benefit from rising financial assets directly, peripherally, or because they hope all boats rise with the market…

The rally has never been loved.

The thing is, equity markets don't need love to go twice as high from here, or three times as high in the next 20 years. If they get what else they need, they'll keep going higher.

We could be on the verge of a generational bull market. That's if deficit-plagued, interconnected global sovereigns deleverage and, at the same time, re-capitalize middle and rising classes by making "recourse-sound" capital available and simultaneously reconstituting entirely the notion of taxation.

Too bad the likelihood of that happening is somewhere between slim and none.

That's one reason why I'm an increasingly reluctant bull.

But there's another reason too.

And it has to do with deflation...