2 July 2010

By Annaly Capital Management. Today marks the one-year anniversary of the launch of Annaly Salvos, and we thought we would take advantage of this milestone to revisit the graph at the heart of our very first post. It is a snapshot of the…

The ISM manufacturing index fell much more than expected, but close to what our models were foreshadowing — down 3.5 points, to 56.2 in June, the low-water mark of the year. The number of industries reporting growth fell to 13 from 16 in…

Paul Krugman wants to reach out and punch someone - FT Alphaville Kvinder bliver mere og mere kriminelle - dr.dk YouTube - TheModernMystic's Channel - This is the Real Dire Deal Euro unemployment holds at 10pc -…

When China first announced on 19 June that it was going to reintroduce flexibility into its exchange rate mechanism, we advised caution; warning that it may take some time for China's intentions to be clarified.  The market's…

It seems so if you read the latest from the Financial Times (hat tip Marshall Auerback): Iceland's banking sector is facing a fresh wave of losses after a court ruling raised doubts over the legality of billions of dollars of loans.…

This comes via Economix: The writers there have a two related pieces (with equally revealing charts) that I recommend reading: Bleak Outlook for Long-Term Unemployed The Recovery Is Losing Steam I guess this is why they call…

“When data contradicts theory in a discipline like physics, there is excitement amongst scientists . When data contradicts theory in finance, there is dismissal.” Robert Arnott Big shift to passive Active management in the equity…

"I have this to say to my fellow Germans in East Germany: The introduction of the social market economy offers you every chance, in fact, even a guarantee, that (the East German states of) Mecklenburg-Western Pomerania,…

The unemployment rate fell to 9.5% from 9.7%, but this likely reflects people dropping out of the labor market.  The work week fell 0.1%, which is the equivalent of about 300k job loss.  The private sector 83k jobs and the May…