Reading the ECB

Question: Which picture and caption best describes the outcome of yesterday’s ECB meeting?

“Read my lips, on n’achetera plus de dette”

“Show me to the trough”

Inquiring minds want to know. As far as I . . . → Read More: Reading the ECB

Big Mac Index

Each year The Economist magazine publishes one of my favorite economic indicators – the Big Mac Index. This year The Economist said,

Our Big Mac index, based on the theory of purchasing-power parity, in which exchange rates should equalise the price of a basket of goods across countries, suggests that the yuan is 49% . . . → Read More: Big Mac Index

Strong Retail, Healthy Housing Report Net Rising Stock Averages

Two new reports on Thursday added additional good news to that already reported Wednesday.

Strong retail sales and a healthy reading on the housing market further boosted investor confidence in a recovery that is finding its footing and starting to fire on many cylinders.

Monthly sales volumes from individual department, chain, discount, and apparel . . . → Read More: Strong Retail, Healthy Housing Report Net Rising Stock Averages

Economic Events on December 3, 2010

At 8:30 AM EST, the Employment Situation report for November will be announced, and the consensus for non-farm payrolls is an increase of 168,000 jobs compared to a gain of 151,000 in October, the consensus for the unemployment rate is that it will increase to 9.7%, the consensus average hourly earnings rate is expected . . . → Read More: Economic Events on December 3, 2010