Income Inequality in the United States

Gary Becker (link) and Richard Posner (link) opened an intense debate on the issue of a growing US income inequality since 1980s onwards.

Deposits (C), Software (IBM), and Toys (HAS) — All Profitable in Q1

Deposits, software and toys all proved profitable according to the bellwethers in each industry on Monday… and a very positive earnings season surged forward.

CitiGroup(C) posted a profit that more than doubled. With earnings of $4.4 billion, C posted its best showing in over a year. Top executives said that the bank that everyone . . . → Read More: Deposits (C), Software (IBM), and Toys (HAS) — All Profitable in Q1

Liquidity on the Currency Futures vs. the Nifty Futures

India is the second country of the world, after Brazil, where the currency futures are more liquid than the currency forwards. Today when I glanced at the order book of the near month rupee-dollar futures, I was struck by the big numbers that are visible:

The tick size of this market is 0.25 paisa, . . . → Read More: Liquidity on the Currency Futures vs. the Nifty Futures

Economic Events on April 21, 2010

The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week increase of 10.1% last week, which was attributed to the end of the second federal stimulus program and a decrease in mortgage rates from last week.  This increase followed a decline of 10.5% in the previous . . . → Read More: Economic Events on April 21, 2010