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Fed’s Axis of Opposition Shifts from Hawks to Doves

The Federal Reserve’s decision Wednesday to end its bond-buying program helped moved  the needle of formal opposition at the central bank from the camp of officials opposed to its ultra-easy credit policies to the group wanting them to...



Democratic Advantage Among Latinos Falls

Democrats maintain a wide, but diminished, advantage among Hispanic registered voters, 54% of whom say a candidate’s position on immigration is not a deal-breaker in determining their...



2 more key Twitter execs leaving

Two respected engineers at Twitter plan to resign, CNBC has...



Read the Full Text of the Fed’s Statement

Here is the full text of the Federal Reserve’s policy statement, released Wednesday: Information received since the Federal Open Market Committee met in September suggests that economic activity is expanding at a moderate pace. Labor market...



Over at Project Syndicate: Material Well-Being in America since 1979

Material Well-Being in America since 1979 J. Bradford DeLong Over at Project Syndicate: Over at Project Syndicate:The story goes: since 1979, the peak of the last business cycle before the inauguration of Ronald Reagan, economic growth in America...



Fast Traders Are Getting Data From SEC Seconds Early

Hedge funds and other rapid-fire investors can get access to market-moving documents ahead of other users of the Securities and Exchange Commission’s system for distributing company filings, giving them a potential edge on the rest of the...



From This Day Forward, We Will Watch How The Stock Market Performs Without The Fed’s Monetary Heroin

Mark this day on your calendars.  The Dow is at 16974, the S&P 500 is at 1982 and the NASDAQ is at 4549.  From this day forward, we will be looking to see how the stock market performs without the monetary heroin that the Federal...



Deutsche Bank Posts Net Loss of $117 Million in Third Quarter

The report of the loss by Germany’s largest bank came as it set aside more money to cover costs stemming from accusations of...



Facebook Inc (FB) To Continue Aggressive Spending

Facebook is asking analysts and investors to take a long-term perspectiveFacebook Inc (NASDAQ:FB) CEO Mark Zuckerberg stated that he will continue to spend profusely on new technologies in the future, and also explained how this quarter’s...



10 Wednesday PM Reads

My afternoon train reads: • How Effective Were Fed Bond Buys? A QE Research Bibliography (Real Time Economics) see also Quantitative Easing Is Ending. Here’s What It Did, in Charts. (Upshot) • Earnings Results Defy Conventional...



The Fed Favors Guidance Over Bond Buys

The Federal Reserve’s forward guidance has been a lot more effective at keeping long-term rates down and stimulating the economy than its three bond-buying programs, says Eric Swanson, an economist at the University of California, Irvine, who until...



Links for 10-29-14

Lars Svensson 1, Sadomonetarists 0 - Paul Krugman Digital divide exacerbates US inequality - FT.com It's Essential the Federal Reserve Discusses Inequality - Rortybomb The narrowing of global imbalances - Vox EU That Infamous Open Letter to...



Shareholder Pressure Helped Lead to New MSG Board Members

Though veteran activist Nelson Peltz is joining MSG's board, the company's choice of new board members came about after another hedge fund, JAT Capital Management, disclosed in late August that it had purchased a...



GT Advanced Technologies Inc On Path To Settle With Apple Inc.

While it says it would “ultimately succeed” in court, GT Advanced says it doesn't have the financial resolve to challenge the Goliath GT Advanced Technologies Inc (OTCMKTS:GTATQ), the supplier to Apple Inc. (NASDAQ:AAPL)’s iPhone...



Genetically Modified Organisms Risk Global Ruin, Says Black Swan Author

Genetically Modified Organisms Risk Global Ruin, say @nntaleb and collaborators — http://t.co/vxmu6KLhww @gpuknews @monsantoco — moneyscience...



The hidden reason for Yahoo's rally

Yahoo shares have surged to the highest level since 2000. Surprisingly, Alibaba's share price doesn't explain it...



A Look at Case-Shiller by Metro Area

U.S. home prices are up just 5.1% in the year ended in August, according to today’s S&P Case-Shiller report. That’s down from 5.6% in July. San Francisco’s prices are up 9 percent over last year, but softened July to...



Tuesday: Case-Shiller House Prices, Durable Goods, and much more

From Nick Timiraos at the WSJ: Gas at $3 Carries Rewards—and RisksGasoline prices have dropped below $3 a gallon at most U.S. gas stations, delivering a welcome lift to American consumers and retailers heading into the holidays. But the related...



Exploding wealth inequality in the United States

Wealth inequality in the US has followed a U-shaped evolution over the last century – there was a substantial democratisation of wealth from the Great Depression to the late 1970s, followed by a sharp rise in wealth inequality. This column...



Republicans Have Big Plans for a GOP Senate. Here’s What Will Come of Them: Nothing.

If Republicans capture the Senate, they can accomplish big things, Senator Rob Portman told The Atlantic in an article published Monday. “We need the majority...



Apple, Alibaba hint at partnership

Apple CEO Tim Cook said he will discuss a possible partnership with China's e-commerce giant Alibaba some time later this...



ELON MUSK: The Wall Street Journal Is Wrong About Tesla Sales

Electric car-maker Tesla has been one of the hottest growth stories in the stock market and American industry. So, everyone was taken aback when the Wall Street Journal's Mike Ramsey and John D. Stoll reported a breath-taking plunge in sales for one...



Fed Touchy About Touching Rate Guidance

Some Fed officials would rather wait to adjust the “considerable time” language at Fed’s December meeting, which is followed by a press conference at which Chairwoman Janet Yellen can fully explain any change. Associated Press The...



What If Facebook Inc (FB) Misses Street Estimates On Tuesday?

Facebook Inc (NASDAQ:FB) is all set to roll out its quarterly earnings on Tuesday. In spite of warnings from Facebook to investors during last quarter earnings report conference call, Analysts’ are highly optimistic in their estimates. A...



Tesla Motors Inc. (TSLA) And Netflix Inc. (NFLX) Suffering From Self-Inflicted Wounds: Dan Nathan

Tesla Motors Inc. (NASDAQ:TSLA) might join Netflix, Inc. (NASDAQ:NFLX) and Amazon.com, Inc. (NASDAQ:AMZN) on the downward movement in the market after reporting earnings on November 5 according to CNBC’s Dan Nathan. CEO, Elon Musk sentiments that...



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Links for 11-01-14

How the Market Ruined Twitter - Justin Fox Romer and Romer vs. Reinhart and Rogoff - WSJ Recent Reading (Econometrics) - Dave Giles Fiscal Devaluation in a Monetary Union - IMF Why Are Corporations Hoarding all that Cash? - Uneasy Money Making two...



Lower oil prices

For the last 3 years, European Brent has mostly traded in a range of $100-$120 with West Texas intermediate selling at a $5 to $20 discount. But in September Brent started moving below $100 and now stands at $90 a barrel, and the spread over U.S....



No new topic stories available, please visit.

No new topic stories available, please search or visit clevelandfed.org for new stories. Thank you -- Mon, 20 Oct...



Valeant, Pershing Square To Boost Allergan Offer

Valeant Pharmaceuticals International is set to increase its Pershing Square Capital Management-backed offer for Botox-maker Allergan Inc.—with the prospect of having to fend off another suitor, in addition to Allergan’s...



U.S. Inflation Undershoots Fed’s 2% Target for 29th Consecutive Month

Price gains remained subdued across the U.S. economy in September, keeping a key gauge of inflation below the Federal Reserve’s 2% target for a 29th consecutive month. The price index for personal consumption expenditures, which is the...



Six reasons why Microsoft's 'karma' is bad for women

Satya Nadella urged women to trust the system, but his own company has a chequered reputation when it comes to female...



The Fall's Best New TV Show Is Actually Fun to Watch

Yesterday I reviewed “Olive Kitteridge,” an HBO miniseries premiering this Sunday night. The show, as I wrote, is intimate and finely acted. It’s also, like so much great television these days...



David Einhorn Pitched SunEdison At A Conference And The Stock's Going Gangbusters

Billionaire hedge fund manager David Einhorn, who runs Greenlight Capital, pitched SunEdison as a long at the Robin Hood Investors Conference, according to a source who's present. The semi-conductor's stock has jumped about...



Crash Test Dummies



Cuban Happy With Incidental Purchase of Netflix

After selling puts, Internet entrepreneur and Dallas Mavericks owner outlines a revolutionary business model and isn't alone in seeing the opportunity Mark Cuban apparently recognizes the revolutionary aspect of the Netflix, Inc. (NASDAQ:NFLX)...



Links for 10-25-14

Monetary policy and inequality in the US - Vox Redistribution between generations - mainly macro China Will Keep Growing. Just Ask the Soviets. - NYTimes.com The Profits-Investment Disconnect - Paul Krugman Yellen´s Inequality Speech Revealed a...



Microsoft Corporation (MSFT)’s Cloud Is Finally Shaking the Loch Ness Monster Awake

 Microsoft Corporation (NASDAQ:MSFT)‘s CEO, Satya Nadella has finally helped the company grow back its long neck, resembling a Loch Ness monster. Using the long neck, the software company can now see far into the future, and help in...



Netflix, Inc. (NFLX) Stock Down More Than 25% In Premarket

Netflix getting hammered in premarket trading Thursday due to apoor earnings reportShares of video streaming giant Netflix, Inc. (NASDAQ:NFLX) are down over 25% in premarket trading on Thursday, October 16th. The downdraft in the stock comes on the heels...



Liberals are more likely to unfriend you over politics — online and off

Data from the Pew Research Journalism Project shows that conservatives are less likely to have their views challenged on social media — but liberals are more likely to block or unfriend someone online because they disagree...



We’re getting there

Commenter Cthorm pointed me to this new regulation from the CFTC: RELEASE: PR7047-14 October 29, 2014 CFTC Staff Provides No-Action Relief for Victoria University of Wellington, New Zealand, to Operate a Not-For-Profit Market for Event Contracts and to...



Most Americans Don’t Know It, But Their Odds of Getting Laid Off Have Never Been Lower

This morning the Department of Labor reported that initial weekly jobless claims fell to 264,000. That’s the smallest number of people filing a jobless claim since April 2000. But thanks to population growth, the U.S. labor force is larger now...



Genetically Modified Organisms Risk Global Ruin, Says Black Swan Author

Genetically Modified Organisms Risk Global Ruin, say @nntaleb and collaborators — http://t.co/vxmu6KLhww @gpuknews @monsantoco — moneyscience...



SEC, Othey Key Agencies Approve Credit Risk Retention Rule

The ‘skin-in-the-game’ rule requires banks to maintain at least 5% of the risk on their books when they securitize loansSix federal agencies have adopted a final rule requiring banks to keep a stake in the mortgages they package and sell. The...



Friday Night: Kudlow makes me laugh ... again!

Larry Kudlow wrote an absurd piece at CNBC today.Of course Kudlow is usually wrong and frequently absurd ... as an example, in June 2005 Kudlow wrote "The Housing Bears are Wrong Again" and called me (or people like me)...



Eurozone Faces a 1-in-3 Chance of Reentering Recession Soon, IMF Says

The eurozone’s chances of re-entering a recession have roughly doubled to nearly 38% since April, the International Monetary Fund said in its latest global economic outlook on Tuesday, as the threat of deflation smothers growth prospects in the...