EU vs. USA

I published a brief analysis (link) for the European Enterprise Institute, discussing a pattern of a growing income differential between the EU and America. The financial crisis diminished European growth rates and further widened the economic growth between the two continents.

Given a weak economic outlook for EU countries, the gap between European Union . . . → Read More: EU vs. USA

Banking, Coffee, Movies, and Chips: Another Spate of Positive Earnings

Q1 2010 earnings season is in full swing and businesses continue their flurry of better than expected reports to start the new year.

Bank sector earnings continued strong with Morgan Stanley reporting strong profits.  The New York-based  investment firm posted a first-quarter profit of $1.78 billion compared with a loss of $177 million a . . . → Read More: Banking, Coffee, Movies, and Chips: Another Spate of Positive Earnings

Economic Events on April 22, 2010

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 440,000 new jobless claims last week, which would be slightly less than the higher than expected number reported last week.

Also at 8:30 AM EDT, the Producer Price Index for March will be released.  . . . → Read More: Economic Events on April 22, 2010