Investors have been agonizing over how big a threat China poses to the global economy, but they may be looking in the wrong place.» Read More
Earthquake, Tsunami slam Japan. Check here for updates throughout the day. [CNBC.com via Reuters]
Charlie Sheen files $100 million dollar lawsuit #Winning or #Losing? [NYTimes]
Banks fight with the Fed over 12 cents [CNN Money]
Looks like a lot of early birds will be getting the iPad 2 today. Apple expected to sell more than 600,000 during debut [Bloomberg]
Batch of economic data includes monthly retail sales and consumer sentiment index [CNBC.com via Reuters]
The quake 100x larger than the one that devastated Haiti happened during my watch. Here are all of the quake and beyond updates I got for ya:
Should you borrow against your house to buy stocks? (Felix Salmon) Only if you want to lose both.
The Closing of the Keynesian mind. "Some have asked if there aren’t conservative sites I read regularly. Well, no," Paul Krugman writes. (NYT)
Why Opposing Financial "Reform" is Pro-Consumer, Yet Again. \(Coordination Problem\). Thanks Elizabeth Warren! You killed interchange fees.
Reports of police firing on protestors in the Saudi Arabian city of Qatif evoke a possible nightmare scenario for the disruption of oil from a country that sits atop the world's largest proven oil reserves.
While Saudi Arabia is not the largest oil exporter to the United States, oil is still a fungible commodity – and any supply disruption on such a massive scale would certainly send US energy costs soaring. \(The Kingdom of Saudi Arabia sits on a staggering quarter trillion barrels of oil proven in the ground.\)
The revelation that there may have been a “third man” at McKinsey with connections to the alleged insider trading schemes of Galleon founder Raj Rajaratnam casts a shadow across the reputation of the famous consulting firm. How deep does the corruption run?
The fabric of our lives may start to feel like burlap.
Your favorite brands and styles could start feeling…. irregular.
A few readers have asked why a business web site should run a daily feature on the potential for war with Libya.
The answer is simple: war dominates markets. It affects almost every public company, every investment portfolio, and every decision to go long, short, or sit on the sidelines.
In short, we can't ignore the economic and financial effects of a potential war because they won’t ignore us.
Chatter about what the Fed's next steps will be has shifted from when it will hike to when it will offer stimulus.
For years, Piper Jaffray has been one of the biggest bulls on Wall Street, and with good reason.
Mohamed El-Erian said Monday stocks must fall much further before investors can be coaxed back into the market.