AC Investor Blog ( click to enlarge ) Eastman Kodak Company (NYSE:EK) should be on your watch screen for the rest of the week. The stock broke out of a base in October and has been consolidating above the base since then. EK has been trading in a very tight channel as volatility dies down. The stock was indecisive today, closing the day at $4.77...

by Tyler Durden As we speculated two weeks ago, the key word that will be regurgitated by all pundits through the end of the year is “contagion”. Sure enough, the bond vigilantes who are now fully awake and stretching have brought a mauling to Spanish bonds, where 10 Year yields are now at lifetime highs. The chart below shows what will...

by CalculatedRisk The NAR reports: Existing-Home Sales Decline in October Following Two Monthly Gains Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, declined 2.2 percent to a seasonally adjusted annual rate of 4.43 million in October from 4.53 million in September, and are 25.9...

Tim Iacono Third quarter economic growth in the U.S. was revised higher, from an annual rate of 1.7 percent to 2.5 percent, but the big news this morning (aside from the Irish government that now appears to be crumbling)  is that North Korea is firing missiles at South Korea as captured in the amateur video below. It’s not exactly “shock and awe”,...

by Karl Denninger This isn’t what you want to wake up to in the morning: SEOUL, South Korea — North Korea bombarded a South Korean island near their disputed western border Tuesday, setting buildings ablaze and killing at least two marines and injuring 16 others after warning the South to halt military drills in the area, South Korean officials...

Courtesy of Mish A recent Gallup survey suggests Larger U.S. Companies Are Hiring; Smallest Are Not Gallup finds that larger companies are hiring more workers while the smallest businesses are shedding jobs. More than 4 in 10 employees (42%) at workplaces with at least 1,000 employees reported during the week ending Nov. 14 that their company was...

The Pragmatic Capitalist looks at THE PATH TO DEFLATION: JAPAN VS THE USA Here’s a longer perspective of the chart I’ve often referenced in the past showing how similar our current inflation trend is to Japan’s in the 90′s.  As the housing double dip takes hold in the coming months, it’s likely that inflation will remain very low and...

Pragmatic Capitalism One of the many flaws in the EFSF bailout mechanism is that it is funded by the very problem children that it is intended to save.  A good way to think of the fund is to imagine California, New Jersey, Nevada, Illinois, Texas, New York and Pennsylvania coming together to create a bailout fund.  Of course, several of these...

Following are excerpts from the current issue of the Weekend Update at Iacono Research.] Anyone seeing a chart like the one a few paragraphs below in recent days is probably wondering whether the recent “muni-bond meltdown” is a harbinger of things to come. Surging yields have been one of the dominant themes of recent weeks and some think that...

From the WSJ: Federal Bureau of Investigation agents raided the Connecticut offices of hedge funds Diamondback Capital Management LLC and Level Global Investors LP amid a far-reaching insider-trading investigation. “The FBI is executing court-authorized search warrants in an ongoing investigation,” said Richard Kolko, an FBI spokesman,...

by Karl Denninger From this morning: “We are now primarily a streaming video company delivering a wide selection of TV shows and films over the Internet,” said Reed Hastings, Netflix co-founder and CEO.  ”Today’s action reflects the tremendous customer value we’ve injected into streaming from Netflix, our initial success...

This is Part II of our three-part series “Robert Prechter Explains The Fed.” You can read Part I here — and come back later this week for Part III. Money, Credit and the Federal Reserve Banking System Conquer the Crash, Chapter 10 By Robert Prechter … Let’s attempt to define what gives the dollar objective value. As we will...

Phil’s Stock World $130 Billion! That’s how much money Ireland will be getting in the bailout package they said they didn’t need as recently as Friday.  I just want to make it perfectly clear that I also DO NOT need a bailout of tens of Billions of dollars so whatever you do – DON’T give me a bailout this weekend.  Let’s...

The past few months it seems the gold and silver play has been getting a little crowded with everyone wanting to own gold. While I am a firm believer that these precious metals are a great hedge/investment long term, I can’t help but notice the price action and volume for both metals which looks to me like they are getting exhausted. Silver – Daily...

Courtesy of Mish Today the Irish Government sold its citizens into debt slavery by agreeing to guarantee stupid loans made by German, British, and US banks. Those loans fueled one of the biggest property bubbles in the world. Ireland has since crashed. Ireland Agree To Bailout Please consider Ireland Seeks Bailout as ‘Outsized’ Problem Overwhelms...