Drawing the Right Lessons From an Obscure Tale of Obscure Interest rate Swaps

The Eurozone’s current problems are not mainly a result a of prolifigate and reckless spending of government resources in the Eurozone periphery [1]. Even nobel laureate Paul Krugman has begun to forcefully push this argument arguing that the real source of the malaise is the steady build up internal Eurozone imbalances. I only conditionally . . . → Read More: Drawing the Right Lessons From an Obscure Tale of Obscure Interest rate Swaps

Manufacturing Activity Continues Accelerated Expansion

Two key reports this week continue to indicate that the manufacturing sector continues its strong rebound from a year ago.

On Tuesday, the Empire State general business conditions index jumped nearly 9 points to 24.91 — a reading that indicates substantial month-to-month acceleration in the region’s manufacturing conditions. New orders, at a . . . → Read More: Manufacturing Activity Continues Accelerated Expansion