Given the low inflation reports, I was curious if Social Security benefits would increase in 2011 ... it might be close, but any increase will probably be small. However the contribution base might increase by a larger percentage. Here is an update:This year (starting in December 2009) was the first time since the automatic cost of living adjustments (COLA) […]
Just an update ....From Bloomberg: Federal Reserve Must Disclose Bank Bailout Records (ht jb) The U.S. Court of Appeals in Manhattan ruled today that the Fed must release records of the unprecedented $2 trillion U.S. loan program ... The ruling upholds a decision of a lower-court judge, who in August ordered that the information be released. ...The opinion m […]
Here is an update on the price-to-rent ratio using the First Amercican CoreLogic price index released yesterday for house prices through January.In October 2004, Fed economist John Krainer and researcher Chishen Wei wrote a Fed letter on price to rent ratios: House Prices and Fundamental Value. Kainer and Wei presented a price-to-rent ratio using the OFHEO h […]
Chart of the Day takes a broad — perhaps over broad– look at trading rallies. They found that major rallies (73%) result in a gains ranging from 30% to 150%. Typically, they last between 200 and 800 trading days. Based on this data, you can conclude that the present rally is still young, and potentially has [...] […]
The Reserve Bank of India has raised interest rates by 25 bps to 3.5% from 3.25%. The timing is unexpected but inflation has been a growing concern of theirs. […]
~~~ STOCKS As I discussed in the Special Update on January 30, “Based on a number of momentum indicators, the market has reached an oversold level, comparable to readings at the July and November lows. Any additional weakness will get the market even more oversold, and stretched, laying the foundation for a rally. The odds favor the [...] […]
How about this for a new and ingenious real estate money machine? Every time a house sells during the next 99 years, 1 percent of the price goes back to the original developer or is shared among investor partners. Ka-ching! […]
Most North Carolinians say the U.S. system of health care needs reform and nearly half want more government involvement, according to a poll from Elon University. […]
The Kroger Co., which operates 17 grocery stores in the Triangle, is recalling a private label brand garlic powder due to possible salmonella contamination. (KR) […]
Papandreou said Greece isn't seeking financial aid from either the EU or the IMF even as the country struggles to fix its finances. Germany, meanwhile, signaled it might support a joint EU-IMF bailout. […]
Department of Energy documents and a consultant's report cast doubt on the reliability of figures that affect the production and prices of the world's most important industrial commodity. […]