U.S. Trade Deficit Down; Exports Up

A lower value of the dollar has continued to improve the competitiveness of U.S. exports. That undoubtedly accentuated the decline in October’s trade deficit to $32.9B. The declined followed a September deficit of $35.7, which was revised even lower than initial estimates given last month.

In more good news, exports jumped. It was their . . . → Read More: U.S. Trade Deficit Down; Exports Up

European Antitrust Policy

From The Economist (link):

“Nevertheless, it is unclear how a transatlantic row can be avoided along the lines of the spat in 2001, when a planned merger between General Electric and Honeywell caused a stink. The commission worries that a union between Oracle and Sun would reduce competition in the market for corporate databases. . . . → Read More: European Antitrust Policy

Gold And FRN$ Correlation

The FRN$ has been the world’s reserve currency for decades.  As a result, the breadth and depth of the capital markets add tremendous liquidity to the fiat currency illusion.

This is one of the reasons the FRN$ is near the bottom of the liquidity pyramid and rises in value with each round of the . . . → Read More: Gold And FRN$ Correlation