Friday, November 18, 2011

Morning Journal One futures/options firm exits because the game is rigged

This Week’s Data

The November Philadelphia Fed index of general business conditions came in at 3.6 versus expectations of 8.8 and the October reading of 8.7.


US debt approaches 98% of GDP (medium):

Update of M2 (short):



Despite record profits, big farms received $10 billion in subsidies this year. What is wrong with this picture (short):

The head of the congressional budget office testifying on the net impact of Obama’s $800 billion stimulus package:

Today’s must read: the farewell of a principal in the options/futures market:


China reboots money supply (short):