Fake Volume And Increased Volatility

On 6 May 2010 the DOW dropped a massive 600 points in a mere seven minutes and at one point was down 998.50 points which is the largest nominal drop ever. One of the reasons for this increased volatility is the knowledge of all major market participants that their assets are neither safe nor . . . → Read More: Fake Volume And Increased Volatility

The Welfare State and the Future of the Eurozone

The $140 billion rescue package to Greece is a milestone in the European Monetary Union. A lively debate on recent macroeconomic imbalances in the weakest economies of the Euroarea – Greece, Italy, Spain and Portugal – in the Eurozone has reopened the old debate on whether the Eurozone is an optimum currency areas (here, . . . → Read More: The Welfare State and the Future of the Eurozone

Economic Events on May 13, 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 number reported last week, and would continue the trend of slightly improving employment statistics.

Also at 8:30 AM EDT, the monthly . . . → Read More: Economic Events on May 13, 2010