All Eyes on Europe (or was that Seoul?)

Life can be incredibly cruel sometimes. Only a week after Bernanke gave markets an early Christmas present with another helicopter drop the SP500 is stuttering and it seems, much as many astute observers have argued, that the real effect from QE lies in the announcement itself. Further, and to add insult to injury . . . → Read More: All Eyes on Europe (or was that Seoul?)

The Folly of Risking Trade War

There is a scene in Book XXI, Chapter IV, of Sir Thomas Mallory’s Le Morte D’Arthur,” which described how King Arthur waged his final battle with Sir Mordred, concluding with the utter destruction of both their armies, and leaving the latter surviving, alone. Meanwhile, the monarch still had two knights left, Sir Lucan and . . . → Read More: The Folly of Risking Trade War

Economic Events on November 15, 2010

At 8:30 AM EDT, the Empire State manufacturing index for November will be released.  The consensus is that the index value will be 15, which would be an decrease of 0.73 points from October, after an increase of over 11 points last month as economic indicators improve in New York.

Also at 8:30 AM . . . → Read More: Economic Events on November 15, 2010