Economics & Economy articles

boxer shorts

Check your shorts: Cramer says stock market has hit bottom 

Check your shorts: Cramer says stock market has hit bottom 

WASHINGTON, October 20, 2014 – Very short column today. The Maven is short on time, short on money, and somewhat short the market via ETFs and plans to stay that way at least today. CNBC’s Jim Cramer is calling a bottom to the current downtrend. But Jim has done that before and he’s been wrong.

Janet Yellen to the market's rescue! (Composite derivative art by Ponick)

Janet Yellen rides to the stock market’s rescue

WASHINGTON, October 17, 2014 – Vague but clearly dovish comments yesterday from at one Fed member, followed up Friday morning by similar observations from Fed Chair Janet Yellen, helped stem Thursday’s continuing stock market cliff dive, helping to inspire an impressive rally this morning that continues unabated at 1:00 p.m. EDT. Markets have been extremely

Image of Satan in Ethiopian church.

Wall Street Hell Week: Dow, S&P500, NASDAQ crater again

WASHINGTON, October 15, 2014 – It’s a bad day for the Maven today as he tries to file his tax return before the ultimate filing deadline today while simultaneously directing a virtual fire hose at his fire-consumed portfolio. Stocks themselves have descended into the bowels of hell this morning, with the Dow initially down well

Sec. State Kerry and Crown Prince Saud al-Faisal .

Tuesday’s markets: Stocks, oil struggle vs. strong headwinds

WASHINGTON, October 14, 2014 – Not much original to say after yesterday’s negative blowout, which suddenly occurred after a hopeful morning ramp. The “buy on the dips chant,” or—in some precincts, the BTFD (“buy the effing dip”) rule—seems to have given way to the reverse, with any half-decent rally getting drowned by selling of massive

Today we offer you a lazy American black bear, a good symbol for today's trading: down hard with a potential for nastiness.  (Via Wikipedia)

After Wednesday’s surprise Fed rally, stocks tank again

WASHINGTON, October 9, 2014 – After Mr. Market rallied big time Wednesday afternoon, making the Maven’s previous, depressing column look almost foolish, the bears seem to be out in force Thursday, having taken back about half of yesterday’s surprising gains as of 11:00 a.m. EDT. (UPDATE: As of 11:45 a.m. EDT markets have taken back

Halloween on Wall Street.

Stocks in ‘widening gyre’ as HFTs play Ebola, headline risk

WASHINGTON, October 8, 2014 – It’s been getting scary out their in the real world. Texas logged its first Ebola death Wednesday morning amidst the Obama Administration’s continuing inept response to what’s going on. The logo above, which we borrowed from this morning’s Drudge Report, says it all in that regard. Adding this morning’s “blood

Emirates Air

Moral hazard at the Export Import Bank: Private gain vs. social risk

WASHINGTON, September 30, 2014 — Neal Asbury writes in Money News that Congress’s reauthorization of the Export-Import Bank is a good move. His chief argument in favor of the Ex-Im Bank: This is needed because private American financial institutions will not collateralize foreign receivables or inventory. Without this, legions of small businesses and entrepreneurs that