Consumers are watching as many – if not more – films than ever for less money and time than ever, for a third of the cost. The money that had been spent on (now unneeded) overheads can go on other things. Be sure to avoid the broken window fallacy – the saved money . . . → Read More: Copyright Versus Technology
Renewable energy stocks have not been the darlings of Wall Street, but that’s just the angle Senior Vice President for Research John McIlveen of Jacob Securities is playing for his institutional investor clientele. He sees renewables as the classic unloved value sector that could pay off big for investors over the next decade. In . . . → Read More: John Mcllveen: Renewable Energy Shares Could Bounce Off 52-week Lows
No… I don’t do macro. More micro defaults:
The city of Vallejo California is exiting out of chapter 9 bankruptcy soon, all while Jefferson County, Alabama plays hardball with its bondholders in its bankruptcy.
As I pointed out in the past, by comparable metrics of debt per household, Pittsburgh is so far past where . . . → Read More: Life after default
The Mortgage Bankers’ Association purchase index will be released at 7:00 AM EDT, providing an update on the quantity of new mortgages and refinancings closed in the last week.
At 10:00 AM EDT, the Wholesale Trade report will be released for June, showing inventory levels for wholesalers in the United States.
At 10:30 AM . . . → Read More: Economic Events on August 10, 2011