FOFOA started a little excitement with his post on backwardation. Professor Fekete responded and Zero Hedge weighed in as well.
I would not be surprised that for many this backwardation thing makes their head hurt and perceive it as all very theoretical and of no practical use. But this is not true and backwardation . . . → Read More: When does Backwardation Matter?
On Tuesday Aetna Inc. lifted its 2010 earnings forecast a second time after the firm reported milder-than-expected flu season. The good news about flu this year tacked one more positive in an earnings season that has been dominated by profit results and increasingly positive projections.
The firm now projects that their operating earnings may . . . → Read More: Flu down; Profit Up at Aetna
The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week increase of 2.0% in the Purchase Index and a week to week decrease of 5.9% in the Refinance Index as the housing market showed a slight improvement for the second week in a row from the . . . → Read More: Economic Events on July 28, 2010