Saudi ARAMCO IPO Definitely Cancelled Reuters reports that the proposed IPO by Saudi ARAMCO, which would have been the world’s largest, has definitely been canceled. I have posted previously posted about delays in the IPO and rumors it would be cancelled. Now it has been. The reports say that there were multiple factors. There were […]
“Economists are active militants against the concept of the lump of labor, that is, the popular idea that the total number of jobs or of working hours is fixed (Walker, 2007).” The quote is the first line from a 2017 paper by Tito Boeri, et al. It gives me confidence that at least some of […]
Can the Fed successfully steer between Scylla and Charybdis? An update As I type this, the spread between 2 year and 10 year Treasuries is back to 0.25%, the level below which I switch my rating on the yield curve from positive to neutral. Already the spread is tight enough that, even if it never […]
(Dan here…a little late posting,,,my fault) A graph for Sunday: 2012 Obama voters by 2016 vote – by New Deal democrat This is a graph I’ve been meaning to comment on, that I saw on Vox.com a couple of weeks ago. It breaks down Obama voters from 2012 based on who they voted for in […]
Weekly Indicators for August 13 – 17 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. There were 4 long leading indicators that were on the cusp of changing. To see what happened, please put a penny or two in my pocket by heading on over and reading!
(Dan here…lifted from Roberts Stochastic Thoughts) Totally Twitty Fiskin of Antoine Levy Antoine Levy has some ideas about how the European Central Bank could help uncompetitive economies on the European perifery. I would like to read it and decide if he has good ideas. Unfortunately, to do so, I have to sfogare (let off steam) […]
Industrial production cools a bit; retail sales continue strong Both industrial production and retail sales for July were reported this morning. Let’s take a look at both. First, industrial production increased m/m to another all time high (gray in the graph below), as did manufacturing (red): At the same time, if you zoom in on […]
“The national landscape in 2018 tilts in favor of Republicans with Republicans sitting on 208 safe seats, 10 seats away from a majority, and 22 additional and not projected seats leaning Republican(too close to call).” It would take Democrats casting 55% of the votes in a national two-party election to tip the House majority the […]
Economic Policy Institute has published a new study on the surge in CEO compensation: Summary What this report finds: This report looks at trends in chief executive officer (CEO) compensation, using two different measures. The first measure includes stock options realized (in addition to salary, bonuses, restricted stock grants, and long-term incentive payouts). By this measure, […]