On Thursday, General Motors Corp. posted its best quarterly profit in six years in one of the clearest signs yet the ailing automaker (and its beleaguered industry) is on a road to recovery.
The record profits were posted slightly more than 12 months after a steep drop-off in sales caused by the financial crisis . . . → Read More: General Motors: “Extraordinary Turnaround”
Much has been said about the astronomical SKS valuations and the personal fortunes of the original investors. Speaking for ourselves personally, we are not at all disturbed by how much money was made by whom. On the contrary, we are very excited that an area that was once thought to be the exclusive turf . . . → Read More: Don’t Like the SKS Valuation? Compete, Don’t Complain!
At 8:30 AM EDT, the Consumer Price Index report for July will be released. The consensus is that CPI increased by 0.3% last month, with a 0.1% increase in CPI when food and energy are removed.
Also at 8:30 AM EDT, the Retail Sales report for July will be released. The consensus is that . . . → Read More: Economic Events on August 13, 2010