This morning, Australia raised their benchmark interest rate from 3% to 3.25%. Glenn Stevens, Australia’s Ben Bernanke, stated that it was time to raise rates as the worst is over for the country. In our August 17, 2009 post An…
As I read today’s headlines, our Merger Monday theme seems to be in the sweet spot. (Links are hot for your viewing.) From the NY Times “Xerox Buys Affiliated Computer for $6.4 Billion” From the Financial Times “Abbott in €4.5bn…
Today at 1:15 PM Central time the Fed will release it’s statement concerning interest rates. Several years ago I had the opportunity to hear a former Greenspan era Fed Governor discuss what actually happens during a normal fed meeting. I…
Yesterday we mentioned we are a slave to the Headlines as we are still a few weeks away from earnings. A Slave to Headlines Without Earnings Today we thought we would give you a heads up on our regular weekly economic…
Yesterday during lunch I had the good fortune to hear Michael Cox, Former Chief Economist of the Dallas Fed and currently Director, O’Neil Center for Global Markets and Freedom at Southern Methodist University. Mr. Cox had a few very interesting comments. The…
In our last Newsletter (Q 3 2009), we commented that Nouriel Roubini a noted economist was one of our favorites, yet we did not totally agree with his timing of a recovery. Today he revised his comments, stating the recovery may…
As we near the end of the 90 day treadmill called corporate earnings, one theme stands out this quarter from a broad group of companies, both in size, geography, and area of practice. Almost every company conference call we listened…
Ok, I will admit it, I am not one to frequent the malls, especially on the weekend. But yesterday afternoon I found myself, along with my four year old daughter in a local mall, Northpark, here in Dallas, searching for…
The Bureau of Economic Analysis measure of Economic growth in the US, better known as GDP was released this am at a reading of -1%. While any negative reading means contraction in our economy, this reading was far better than expectations…
Not knowinng the rules for FOMC chairman, I found myself scanning the US Government’s website this morning (www.federalreserve.gov) to find out if the Op Ed article that Bernanke sent to the Wall Street Journal earlier this week was published on the…
