Mike Hanley

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Jobs, Debt And Home Prices Since The Crisis, In Five Charts

The housing bust started in 2006. The recession started in 2007. But it was in September, 2008 – five years ago this month – that the financial crisis hit its most intense moments. Here's a look at how U.S. households have fared since then.<p><i>Correction: The headline initially said "four charts."</i> …

Greek unemployment gets worse. Yes, worse.

Another month, another atrocious unemployment number for Greece. Unemployment climbed to 27.9% in June according to the latest numbers from the Hellenic Statistical Authority. That’s up from 27.6% in May. Last June unemployment was 24.6%. The number of jobless Greeks rose to more than 1.4 million …

U.S. will hit debt limit in mid-October, Treasury secretary Lew says

WASHINGTON -- The U.S. will run out of borrowing authority under the nation's $16.7-trillion debt limit in mid-October, Treasury Secretary<p>Jacob J. Lewformally toldCongresson Monday as he implored lawmakers to act soon to avoid a government default.<p>Lew had last updated Congress on the debt limit in …

The Fall and Fall of Bill Ackman

NEW YORK (TheStreet) -- Those who enjoy a little <i>schadenfreude</i> over an August weekend are getting a surfeit of it as hedge fund manager Bill Ackman of …

When Will the Homebuilders Turn Around?

The data this year has continued to support a positive outlook for the home builders despite the uptick in mortgage rates over the past few months. Over the past year, the S&P Case-Shiller Index has improved monthly, and with last month’s data is now just over 11% from the all-time high set in 2005.<p>…

The Deficit Is Shrinking

An excerpt from a post by Cardiff Garcia at FT Alphaville: Shrinking US deficit update, and a new debt ceiling projection<p>From a note this morning by economists at Barclays:<p>The US federal budget deficit has been improving at a dramatic pace in recent months. As a percent of GDP, the deficit peaked …

The Most Secretive Companies: 24/7 Wall St.

From 24/7 Wall St.: While many investors may think corporate communication is unclear, some companies are far more candid than others. In fact, According to corporate communications consulting firm Rittenhouse Rankings, clear and transparent language in investor letters is indicative of reliable …

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Sign in to SAFE

SAFE Log In<p>SAFE+ Log In<p><b>What is SAFE?</b><br>SAFE (Secure Access for Everyone) is the single strong User ID and Password mechanism that protects company-wide web applications.<p><b>What is my SAFE User ID?</b><br>Your SAFE User ID is your Thomson Reuters Employee Number (without the "U"), or your Contractor Number.<p><b>What</b> …

A 'Perfect Storm' Could Cause A Collapse In Oil Prices That Hits The Stock Market Too

"A major pullback in oil prices could have a concentrated effect on the S&P energy and industrials sectors, with perhaps further sentiment knock-on effects," write the strategists. "After WTI's brief pullback from its peak last month, it may be time to at least consider this possibility."<p>West Texas …

S&P 500 at 1,700 is a ‘yellow light’ for Wall Street

Goldman's Blankfein: The Worst Case Scenario 'Absolutely Will Happen'

Blankfein, who's been Goldman CEO since 2006, steered it through the fallout of the global financial crisis of 2007-2008. He said the experience had taught him to accept that the worst thing you can imagine will inevitably happen.<p>"Most risk management is really just advanced contingency planning …

Abenomics just notched a major victory

Reuters / Toru Hanai<p>It’s been a good week for Japanese prime minister Shinzo Abe.<p>First his Liberal Democratic Party won big in Japan’s elections for its upper house of parliament.<p>And now there’s fresh sign his economic program is bearing fruit.<p>Simply put, Abe’s aggressive plan to jolt Japan’s …

Should Euro Debt Worry You?

It was a heavy weak of earnings with wild after-hours trading as analysts digested the earnings reports. For example in the first ten minutes after <b>Amazon.com</b> (AMZN) reported its earnings on Thursday, the stock ranged from down $18 to down just $4.<p>Overall, over 70% of the companies have beat their …

Quants: the maths geniuses running Wall Street

Forget Gordon Gekko. Old-style City traders are being replaced by maths geniuses who use super-computers to beat the markets. But are 'quants’ a force for good or evil?<p>At seven minutes past one on the afternoon of Tuesday April 23 this year a tweet from the AP news agency in Washington was …

The Markets' Worst Kept Secret

Here’s what your stockbroker and the media aren’t telling you: the world is more indebted now than it was at the height of the financial bubble in 2007. That’s right. Despite the extraordinary government intervention of the past six years. Despite continuing optimism of a recovery. Despite the …

India’s central bank sacrifices growth to defend the rupee

The Indian central bank is running out of levers to pull to stabilize the falling rupee and the Indian economy.<p>In an attempt to boost the country’s currency, which has depreciated over 7% this year, the Reserve Bank of India (RBI) raised two lending rates by 2% each, limited access to the liquidity …

An ETF to Prosper From Japan’s Recovery

Keen on Japanese stocks? This fund offsets the currency risk.<p>Investors seeking to cash in on the Japanese stock market face a Catch-22. The …

Going Down...IMF Lowers World Growth

Now here’s something you don’t hear every day: China and emerging markets will be a drag on the global economy.<p>The International Monetary Fund revised downward their global growth forecast in their updated World Economic Outlook report, released on Tuesday. Global GDP is now estimated at 3.1%, the …

China Is Slowing, And That's Bad News For These 15 American States

And as a result of all of this, China is slowing.<p>This is bad for news for the U.S. which counts China as its third biggest export market.<p>A report from the US-China Business Council (USCBC) shows that U.S. exports to China grew 294% from 2003 - 2012. This compares with an 111% increase in U.S. …

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IMF Chief Christine Lagarde Calls U.S. Budget Cuts 'Inappropriate'

AIX-EN-PROVENCE, France (Reuters) - The U.S. federal budget cuts are an inappropriate measure that will weigh on potential growth, IMF chief Christine Lagarde said on Sunday, urging Washington to present "credible" fiscal plans.<p>Washington enacted across-the-board federal government spending cuts, …

Greece close to getting latest bailout payout

<b>International lenders have paved the way for Greece to gain the latest payment of bailout money.</b><p>The European Commission, European Central Bank and the International Monetary Fund said they had completed their fact checking mission.<p>They said the economic outlook was in line with their projections …