Invention of Money

The acclaimed radio/TV series, This American Life, aired a piece titled, “The Invention of Money”, in early 2011. There are two excellent stories – or “Acts” as TAL’s Ira Glass calls them – one on how a group of economists restored the public’s faith in the Brazilian currency, and another on how the Federal . . . → Read More: Invention of Money

What is gained from cross-border exchange mergers?

Cross-border exchange mergers are in the news. See Indian exchanges must go regional and then global and Global mergers and Indian exchanges, by Jayanth Varma, who points us to LSE and TMX merge by Jeff Carter on Points and Figures. Also see Stock exchange mergers: the fight for global dominance in the Telegraph.

An . . . → Read More: What is Gained From Cross-Border Exchange Mergers?

Economic Events on March 2, 2011

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EST, and there was a week to week decrease of 6.1% in the Purchase Index and a week to week decrease of 6.5% in the Refinance Index.

The Challenger Job-Cut Report will be released at 7:30 AM EST, providing an estimate of the . . . → Read More: Economic Events on March 2, 2011