Monthly Archives: October 2012

European carmakers reduce capacity The carnage continues among carmaker with Ford saying on Thursday that would cut its production capacity in Europe by 18 percent; that is 355,000 vehicles a year. One day after announcing the closure of its plant at Genk, Belgium … Continue reading

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Consumer expenditures by homeowners and renters – BLS

Good piece by the BLS of the average annual expenditures of renters and homeowners. In 2010, people who rented their residences paid more, on average, in annual rent ($8,798) than homeowners reported paying in mortgage interest and charges ($8,202). In … Continue reading

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Julian Robertson on CNBC

Maria interviews the “Great One.”    Money quotes, “I think our economy and some of the things overseas are having a big effect on investors,” Robertson said. “I think right now a lot of very good investors have become so frightened … Continue reading

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Flash Eurozone PMI Composite at 45.8, 40-month low.

Markit reported that output of the manufacturing and service sectors dropped at the fastest rate since June 2009. Commenting on the flash PMI data, Chris Williamson, Chief Economist at Markit said: “The Eurozone has slid further into decline at the … Continue reading

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How tight is the U.S. presidential election?

The race is suddenly so tight in the nine battleground states that each side is looking at a single Congressional district in Maine whose one electoral vote, in the event of an exceedingly tight outcome, could decide whether Mr. Romney … Continue reading

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Stratfor: Spain’s Geographic Challenge

Stratfor explains how Spain’s geography has played a role in the balance between its central government and autonomous regions. For more analysis, visit: (click here if video is not observable) 

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Flash China Manufacturing PMI at 49.1, Three-month High

Markit reported this morning the October HSBC China Flash PMI rose to 49.1 from 47.9 in September.  The PMI is at a three-month high, though still in contraction mode. Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief … Continue reading

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Arbitraging the Intrade Volatility

U.S. stocks are not the only market experiencing volatility these days.  Take a look at the presidential contract over at Intrade. We logged on tonight and found the President’s probability of winning the election had fallen to almost 51 percent … Continue reading

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Quote of the Day

“Oh, people can come up with statistics to prove anything, Kent. Forty percent of all people know that.” — Homer Simpson

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Are Economists and Market Stategists Next?

We don’t want to make light of the loss of life but we find this story incredible.  Prison for Italian scientists for getting the L’Aquila 2009 earthquate wrong, which left 309 people dead. Six Italian scientists and a government official … Continue reading

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