Content
BEA Revises 3rd Quarter 2013 GDP Growth Upward Again
Article By:
Rick Davis
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Friday, January 3, 2014 4:44 PM EDT
In their third and final estimate of the US GDP for the third quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 4.12% annualized rate, up another 0.52% from the 3.60% growth rate previously reported for the third quarter.
Book Review: Capital By John Lanchester
Article By:
Bankers Anonymous
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Friday, January 3, 2014 3:24 PM EDT
John Lanchester’s novel Capital presents the 2007 and 2008 pre-conditions for the crisis in London – soaring real estate values, extraordinary inequality, random good and bad fortune, injustice, and fundamental cultural misunderstandings.
Euro Area's Persistent Credit Contraction
Article By:
Sober Look
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Friday, January 3, 2014 3:16 PM EDT
In spite of a number of positive economic indicators out of the Eurozone, credit growth remains the area's Achilles' heel.
Investing In Railroad Earnings Growth
Article By:
Michael Michaud
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Friday, January 3, 2014 3:05 PM EDT
As the economy has come back, many cyclical sectors have seen impressive strength. This is especially true in the transportation industry, as surging demand has greatly helped this key market sector.
Physical Gold Demand Soared As Gold Price Tumbled In 2013
Article By:
Tyler Durden
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Friday, January 3, 2014 2:41 PM EDT
Sales of gold coins are booming even as the precious metal's price is falling. Despite gold futures 28% drop in 2013 (its worst since 1981), the WSJ reports that demand for gold coins shot up 63% ti 241.6 metric tons in the first three quarters of 2013.
What We Read Today 03 January 2014
Article By:
John Lounsbury
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Friday, January 3, 2014 2:29 PM EDT
The top of today's reading list reports on the rise of online education and the impact on traditional colleges, and the tenth article discusses how the stretch for yield has pushed up the prices of junk bonds.
Contrarian Warning – One Sentiment Measure Is At 1987 Levels Of Bullishness
Article By:
Moby Waller
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Friday, January 3, 2014 1:58 PM EDT
Longtime option and sentiment trader Don Fishback passed these charts on to us — what they show is various long-term investor/advisor sentiment surveys from Investor's Intelligence, AAII, Hulbert and Consensus.
Ted Butler: 2013 – The Year Of JP Morgan In The Precious Metals
Article By:
Jesse's Cafe Americain
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Friday, January 3, 2014 1:52 PM EDT
Here is a very brief excerpt from Ted Butler's summary look at the precious metals market in 2013.
European Energy Security And The Quiet Close To The Pipeline Opera
Article By:
OilPrice
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Friday, January 3, 2014 1:50 PM EDT
What explains the limited support across Europe and in Washington for building the Trans-Adriatic Pipeline (TAP) ahead of the Nabucco West project? According to William Hudec, it's because almost everybody recognizes the geopolitical realities that underpin the Central and Eastern European energy market.
GM Misses Sales Expectations, Blames Weather; Ends Year With Most Ever December "Channels Stuffed"
Article By:
Tyler Durden
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Friday, January 3, 2014 1:07 PM EDT
GM was quick to put blame on wintry weather in December - they won't be the last. It was unclear just how substantial GM's incentives were in a month in which below margin inventory liquidation was the name of the game for all retailers.
In this article: GM
Electronic Arts (EA) And The Demise Of The Video Game Industry
Podcast By:
David Trainer
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Friday, January 3, 2014 12:52 PM EDT
The video game industry's unique business model, unlike other media outlets, is too complex to be sustainable. Time to sell.
In this podcast: EA
USDJPY Slumps Most In 4 Months As Nikkei Futures Tumble 450 Points
Article By:
Tyler Durden
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Friday, January 3, 2014 11:53 AM EDT
While the taper is apparently priced in, someone forgot to tell Emerging Market FX markets that currencies are tumbling against the USD.
SP 500 And NDX Futures Daily Charts - New Year Wobble
Article By:
Jesse's Cafe Americain
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Friday, January 3, 2014 11:05 AM EDT
While the short term technical may look good, the underlying economic fundamentals are disastrous.