CalculatedRisk Here is a collection of real estate and economic graphs for data released in October … Note: Click on graphs for larger image in new window. For more info, click on link below graph to original post. ******************** New Home Sales in September (NSA) The first graph shows monthly new home sales (NSA – Not Seasonally...

Courtesy of Jesse’s Café Américain There was a tension in the markets today despite the ‘good news’ in the headline economic numbers. The markets are also on edge ahead of the ADP and BLS jobs numbers next week. The much touted theory of a ‘jobless recovery’ is started to show some big holes in credibility, as well it should. A jobless...

MISH Inquiring minds are asking the question “How many jobs were created out of the various stimulus programs so far and at what cost per job?” That is a good question. Not that we can believe the reported number of jobs created, but let’s assume for the sake of argument that the figures provided by the administration are correct. White...

AC Investor RMBS – The stock failed to continued it’s bullish scenario yesterday. The bearish channel on daily chart has been violated to the downside. The bias is bearish in nearest term but major bullish scenario can not be said over. The stock is now trapped in rectangle formation ( 15.85 – 17.16 ). A break from the rectangle formation...

From the WSJ: CIT, Icahn Reach Tentative Deal Over Lender’s Restructuring As part of further discussions with CIT, Mr. Icahn has agreed to back down while the company restructures in bankruptcy court. … The company plans to file for bankruptcy in New York as soon as Sunday night or early Monday, said people familiar with the matter. CIT...

By John Winston There was a time not so long ago on this planet that obtaining information on gold, be it fundamental, technical or quantitive was a daunting task. From a technical price perspective, if you wanted to look at a chart you had two choices. You could buy the Wall St Journal, get the price, and then draw (yes draw) your price chart. Or...

OUTRAGE OF THE DAY: ‘Too Big To Fail’ (3 min): Tim Geithner and Sheila Bair went to Capitol Hill yesterday to talk about “Too Big To Fail” They talked about it They didn’t propose good solutions There are only two ways to eliminate “Too Big To Fail”: Chop the banks up (which is impractical) Figure out a way...

Zero hedge points out about 200 people on NYSE update call and rising by the second. UPDATE: NYSE claims it is now “functionally normal”

Zero Hedge says you didn’t think the spending of $150 billion of the $787 billion recovery package was done for nothing did you? They’re on-track, too, on their way to creating “3.5 million jobs by the time this program winds down…” says the Administrations’ economist Jared Bernstein today. Though, the numbers are...

Mad Hedge Fund Trader Featured Trades: (GOLD), (DOW), (BRAZIL), (EWZ) 1) A few years ago, I went to a charity fund raiser at San Francisco’s priciest jewelry store, Shreve & Co., where the well heeled men bid for dinner with the local high society beauties, dripping in diamonds and Channel No. 5. Well fueled with champagne, I jumped into a...

CalculatedRisk Testimony from Mark Zandi of Economy.com: The Impact of the Recovery Act on Economic Growth (ht Professor Brad DeLong). A few excerpts: The Great Recession has finally given way to recovery. This downturn will go into the record books as the longest, broadest and most severe since the Great Depression (see Table 1). The recession was...

Courtesy of Tyler Durden He came, he saw, and he couldn’t believe his eyes… or ears. It is almost painful to watch David Rosenberg smack the Managing Partner of Seygem Asset Management like the puppet doll the formerly insightful anchor has become. The same goes for the balance of his CNBC colleagues as they proceed to ask highly (ir)relevant question...

AC Investor ( click to enlarge ) MOT seems to have a small descending channel and broke above resistance at 8.45. The breakout from the resistance line is just a confirmation of the recent upward move. In addition, this breakout was accompanied by large volume, however this may still be affected by general market sentiment and by the earnings report....

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Vincent Fernando and Kamelia Angelova of Business Insider If anyone mentions the just-released 3.5% U.S. third quarter GDP growth, just throw this chart in their face. Cash for Clunkers clearly distorted the U.S. economic figures in an unsustainable fashion. According to the Bureau of Economic Analysis (BEA), motor vehicle output spiked a seasonally-adjusted...