Sucker Alert? Insider Selling Surges After Dow 14,000
Insiders have been pulling out of stocks just as small investors are getting in.
Selling by corporate executives has surged recently as the Dow Jones Industrial Average hit 14,000 and retail investors flooded into stocks. The amount of insider selling has usually preceded market selloffs.
“In almost perfect coordination with an equity market that was rushing toward new all-time highs, insider sentiment has weakened sharply [...]
From Carpe Diem:
The United Nations updated its National Accounts Main Aggregates Database today with data for 2011.
The chart compares the annual manufacturing output of the U.S. and China from 1970 to 2011 measured in current U.S. dollars. Before 2004, the United Nations only reported “Mining, Manufacturing, and Utilities” for China, so the comparison above is for that measure of manufacturing in both countries, rather than just “manufacturing.”
In 2010, the manufacturing [...]
Federal Treasurer Wayne Swan has described the latest economic growth figures as “stunning” and has declared that they should put an end to the “doomsayers”.
The National Accounts figures show the Australian economy grew by 1.3 per cent in the March quarter – significantly higher than what economists were predicting.
“What a great day for Australia and what a stunning set of figures,” Mr Swan said.
“It says something very special about our [...]
Saturday quiz – January 21, 2011 – answers and discussion Posted on Sunday, January 22, 2012 by bill
Here are the answers with discussion for yesterday’s quiz. The information provided should help you understand the reasoning behind the answers. If you haven’t already done the Quiz from yesterday then have a go at it before you read the answers. I hope this helps you develop an understanding of Modern Monetary Theory (MMT) and its application [...]
Silvio Berlusconi is to resign as Italy’s prime minister following the approval of a new budget law, the country’s president was quoted as saying on Tuesday evening.
A senior official told the Financial Times that Mr Berlusconi has proposed to resign after parliament passes a new financial stability law containing the reform measures agreed with the European Union.
News of the billionaire prime minister’s plans to stand aside came after a [...]
By Galina Hale and Bart Hobijn, Frbsf.org
The U.S. Content of “Made in China”
Goods and services from China accounted for only 2.7% of U.S. personal consumption expenditures in 2010, of which less than half reflected the actual costs of Chinese imports. The rest went to U.S. businesses and workers transporting, selling, and marketing goods carrying the “Made in China” label. Although the fraction is higher when [...]