Figure of the Day

Unemployment was down to 9.7%. U-6 was down to 16.5%. The black sheep says that lots of people just quit looking for a job. The half full guy says it’s getting better. Market was down, but rallied late. It is …

Marry a genius-

Sometimes you get lucky. Benjamin Franklin offered lots of advice on marrying. I never followed it. Sometimes you get lucky. I married a smart wife. However, talking about politics with my wife tonight, she offered a brilliant analysis of the …

Unemployment

Tomorrow the unemployment numbers are released from the US Dept of Labor. In the good old days of open outcry pit trading this was the biggest day of the month. It still sort of is if something out of the …

Figure of the Day

Mark Kirk released an internal poll today. It’s probably an outlier, with a long way to go to November, but very encouraging.

Illinois Senate Race

This race is not a Tea Party race. It pits an entrenched machine candidate, Alexi Gianoullis (Democrat) against an experienced Republican Congressman, Mark Kirk. Kirk does have very similar views to newly minted Massachusetts Senator, Scott Brown. He is a …

Illinois Governor Race

Well, the vote is close. Not yet settled. The results are very interesting on the Republican side. On the Democratic side, a dead heat as well. Realistically, I don’t see a huge difference between Pat Quinn and Dan Hynes. The …

Spus, or S+P and investing for the long haul

Market was up today. It looked like it needed a technical rally. The market these days is not trading off news, but just technical points. The consumer income figures were interesting today. Spending is up slightly. However, if I look …

Figure of the Day

Illinois budget deficit.  IllinoisIsBroke.com Unfunded pension liabilities, poor fiscal management.  The Dems are in control, and have some complicit Republicans.  Time for a change.  I am supporting AdamforIllinois.com for governor.

Budget Deficits

It is political primary season in Illinois.   Our primary is February 2.  We will see if tea party candidates have any traction here.  It has been pretty ugly on both sides of the aisle, no matter which party you …

American Thinker

Here is a link to my American Thinker article. American Thinker: Obama Turns On the N.Y. Banks Think of this in context of the ELX-CME struggle.

Figure of the Day

Printable SuperBowl Squares Print 100 Grid Office Pool NFL Hell is freezing over.  I have not seen one Super Bowl Square pool yet on the trading floor.  Back in the day, we had so many that you would have to …

GDP at over 5%

Sounds like we are knocking the cover off the ball.  But we aren’t. The GDP numbers are distorted by quite a few things.  First, since the financial crisis scared everyone half to death, companies stopped building inventory.  Yesterday, at Dennis …

This Will Be A Long Process ELX-CME Group

CME Insists It Doesn’t Have to Accept Rival’s Trades; Stock Falls – WSJ.com This is about one thing, NY Banks trying to internalize and send trade from the sunshine of regulated futures exchanges to dark pools and back offices.  NY …

Deflation, or Inflation-what's your call?

Allan Meltzer: Bernanke’s Anti-Inflation Exit Strategy Will Fail – WSJ.com The general public over the age of 40 has been pretty well educated to the dangers of inflation.  From the time we went off the gold standard in 1972, inflation …

SOTU-After

I thought Obama gave one of the most boring speeches a President has ever given.  It was totally unlike him as he is a pretty good speaker.  He did not shy away from his agenda.  It was not a move …

State of the Union-during

I have not heard a more boring SOTU speech in a long time. At least with Bush you could count on some malaprops and mispronunciations. Clinton was funnier. Reagan inspiring. This so far is a yawn. Nothing earth shattering.