Dump the Debt Limit and Address the Real Problem

As everyone knows, the big economic news today is the breakdown of talks on the debt limit. Media outlets have been bombarding us with horror stories that list the catastrophic consequences of failing to reach an agreement. We are told that the gover

DOT: Vehicle Miles Driven decreased -1.9% in May compared to May 2010

Earlier:

• Summary for Week Ending July 22nd

• Schedule for Week of July 24th

This data is for May and gasoline prices were at the highest level of the year at end of April and into early May – so the YoY decline might be less in June.

The

Democrats Reject Republican Debt Deal As Talks Fracture

Congressional efforts to remove President Barack Obama from negotiations to raise the debt limit and lower the debt ceiling failed Saturday, after Democratic lawmakers rejected a GOP offer to raise the debt ceiling in two stages.

In a tersely worded s

Treasury Yields in Perspective

Jul 23, 2011 Doug Short 

Quick take: Since the end of QE2, the yield on the 10-year note has dropped 20 basis points to 2.99%. The most recent Consumer Price Index (the July reading for June) stands at 3.56%, which gives us a real 10-yea

JOHN MAULDIN: Kicking The Can One Last Time

This week we start with the latest version of the solution to the European Crisis, the details of which are now coming out. Then we look at the global economy, and some signs that seem to point to a softening. And then there’s some data on US emp

How Do You Change An Organizational Culture?

Changing an organization?s culture is one of the most difficult leadership challenges. That?s because an organization?s culture comprises an interlocking set of goals, roles, processes, values, communications practices, attitudes and assumptions.

Congress Offers Tax Free Flights… For Now

As Congress and the President collectively stomp their feet and stick their tongues out at each other over the debt ceiling, frequent travelers are catching something of a break…

[[ This is a content summary only. Visit my website for full links

Schedule for Week of July 24th

Earlier:

• Summary for Week Ending July 22nd

The key economic report for the coming week is the Q2 advance GDP report to be released on Friday. There are also two important housing reports to be released early in the week: New Home sales and Case

Comex Game Board Gets Flipped!

The following is by Karen Starich, who uses astrology to forecast events in the markets. Her unique insights will provide an alternative view to the markets with a focus on the precious metals sector.

I have been getting a lot of questions regarding a

It’s Official Now, Fitch Declares Greece in Default; German Central Bank Openly Critical of Deal

In what constitutes an anticlimactic moment of sorts, Fitch Calls Greece Default.Fitch ratings agency declared Greece would be in temporary default as the result of a second bailout, which Athens said had bought it breathing space.

But the agency pled