Last week markets were subdued as many economists and investors on Wall Street and Main Street took several days off to prepare for holiday celebrations.
The data that did arrive was mostly reminiscent of the spirit of St Nick – slipping coinage into stocks without their owner’s knowledge.
A report on the Tuesday before Christmas showed that [...]

Recent days have seen continued rebounds in housing, corporate profit reports and consumer confidence.
Two reports early this week point to continued progress in residential housing resales. On Monday the National Association of Realtors implied that the home-buyer tax credit will likely sustain the housing market throughout next year. In October, first-time buyers used the tax [...]

Last week, we learned that industrial production rose yet again in Japan clocking in at 1.4% month-on-month in September after having increased by 1.6% in August.
Companies said they planned to increase production in October and November as well, indicating the recovery from a record export collapse in the first quarter is holding up. Growth in [...]

from Marketwatch: General Electric profit slumps 44%
Financial business being run down rapidly, industrial business, a basic GDP play, seeing 8% lower revenues from the year ago period.
The pre-eminent American industrial company manages decline.

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