Reading the Jobs Report Tea Leaves

The U.S. economy continues to improve, yet it is so tentative that we look for reassurances in all the tea leaves. Thursday brought us the weekly jobless report; Friday it will rain tea leaves when we get retail sales, industrial production, consumer sentiment and business inventories. Not much in any of this will make or break the …

Cuomo Enters the Mortgage Fray, Finally

Andrew Cuomo really hasn’t had a good financial crisis. This is when prosecutors are supposed to shine. Just ask Spitzer. Cuomo came out swinging at the beginning of the financial crisis against Merrill and Bank of America on bonuses. He did a good job of calling Bank of America chief Ken Lewis last year on what most likely were lies in …

How bad off are the PIIGS?

The crisis in Europe was sparked by the widespread belief among investors that Greece’s financial woes were just the tip of a much bigger debt iceberg in the Eurozone. The fear has been that other member nations – Portugal, Ireland, Italy and Spain, which, along with Greece, are called the PIIGS – were also buried in debt and could …

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