Archive for August 1st, 2013

SEC Nails Tourre

So the Feds got their man. Fabrice Tourre was convicted of misleading some of the most sophisticated investors in the world. He’s not the kind of guy who generates a lot of sympathy but it does seem a bit sad he’s taking the fall. I think this passage from Dealbreaker sums up the whole affair […]

ISM Around The World: Progress And Concern

Keeping in mind that monthly economic data is part science and part guesstimate, what did we learn from the global ISM data today? I’d offer that it’s a mixed bag with one particularly worrisome component. First, if you want to see the data for a lot of countries in tabular form go to the WSJ […]