As a quick follow-up to our prior writing Running In Place and The Unemployment Rate, posted prior to the release, the Unemployment rate did inch over 10%, not surprising to us. We are not trying to minimize this report, as it…
After such a huge move from the March low, the Capital Markets seem to be “Running In Place” lately. Last week marked the end of the year for many Mutual Fund Companies, and the Capital Markets did not disappoint. Like…
If you agree, as we do, that current prevailing rates are a major factor in the value of a currency against its world peers, then as we stated in our first post, U.S. Dollar, Down and Out, or Not to Worry?…
In a possible very untimely announcement, the NABE proclaimed the recession is over yesterday. See chart of 44 economists surveyed: “The NABE forecast panel declares the Great Recession of 2008-09 to be over. More than 80 percent of respondents believe that…
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…
