As much as I scream in Loud Mogambo Outrage (LMO) about the sheer amount of money that is being created that will create horrendous inflation in prices, using whatever data that I can easily get my hands on or, better yet, falling into my lap, or, as a last resort, just making up facts . . . → Read More: Ballad of a Heartbreaking Money Supply
It was hard not to sense that part of the IMF’s recent inquiry into Germany’s economy was also aimed at asking the country to eat a little bit of humble pie in the context of the ongoing difficulties facing the Eurozone. Consequently, Germany has been the poster child for the good pupil in class . . . → Read More: Down to Earth in Germany?
At 8:30 AM EDT, the weekly report on initial jobless claims will be released, and the consensus is 440,000 new jobless claims, which would be a slight improvement over last week’s better than expected report, and would continue the positive trend in employment.
At 10:00 AM EDT, the Construction Spending report will be released, . . . → Read More: Economic Events on April 1, 2010