Is the Quality of Life in New Zealand Overrated?

Some New Zealanders might say that this is a question that only an Australian could ask, but it seems to me to be a good way to raise the issue that I want to discuss. (I hope that when I look back on this in a few days time it will still seem like . . . → Read More: Is the Quality of Life in New Zealand Overrated?

Durable Goods Orders: Best Jump in 16 months

Strong demand for communications equipment, machinery and fabricated metal led an upbeat durable goods report for April. Overall orders jumped by 1.9%.

Most analysts were wrong and had expected only a rise of 0.4%.

The bounce in new orders was broad but was led by communication equipment which alone was up 6.9 percent. Significant . . . → Read More: Durable Goods Orders: Best Jump in 16 months

Dark Pools

From a recent Zerohedge blog post:

James Brigagliano, co-acting director of the SEC’s Division of Trading and Markets, said dark pools could impair price discovery by drawing valuable order flow away from the public quoting markets. “To the extent that desirable order flow is diverted from the public markets, it potentially could adversely affect . . . → Read More: Dark Pools