A Sea of Red

If an ECB in QE mode, €60 billion in cash, €440 billion from a pooled EMU effort and €220 billion from the IMF only lasts a week, then I’d humbly submit that we have a problem.

(Screenshot from Bloomberg, click for better viewing)

It is difficult to say whether it was . . . → Read More: A Sea of Red

Retail Start Strong In Q2

Retail sales in the U.S. climbed more than forecast in April, indicating the economic recovery is gaining momentum int the second quarter of 2010.

Sales increased 0.4 percent in April. Last week’s Commerce Department report also upped the measure for March to a 2.1 percent gain — larger than previously estimated. Production rose 0.8 . . . → Read More: Retail Start Strong In Q2

Economic Events on May 17, 2010

At 8:30 AM EDT, the Empire State manufacturing index for May will be released.  The consensus is that the index value will be 30, which would be a decline of almost 2 points from April, but still indicates an improving economy.

At 9:00 AM EDT, the Treasury International Capital report for March will be . . . → Read More: Economic Events on May 17, 2010