It increasingly looks as though the Eurozone’s overall economy is close to bottoming out (as discussed here). This improvement may turn out to be transient, but it’s real nevertheless. As an example, the January manufacturing PMI numbers are still in a…
Many in the mass media continue to be confused about the concept of currency wars and any tangible effects such policies may have. Here is an example of how real the impact can be. Below is a chart of the JPY/KRW currency cross – the number of South Ko…
The January employment report showed that improvements in the U.S. labor markets are continuing at a moderate pace, as private payrolls added some 166 thousand jobs during the month. The headline numbers from the Bureau of Labor Statistics however mask…
This is a syndicated repost published with the permission of Sober Look. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Sober Look. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Sober Look. To view original, click here. Opinions herein are not those of the Wall Street…
Last week’s vote by the US House of Representatives has pushed out the budget debate into late spring, avoiding a repeat of August 2011 – for now. The Senate is likely to follow, approving the bill in its current form, with the Obama administration sig…
This mass media headline should make any institutional investor cringe – as contrarian flags begin to go up.Source: USA Today (via the ISI Group)SoberLook.com From our sponsor:www.SoberLook.com
The ECB has been receiving praise for shrinking the Eurosystem balance sheet since last summer.MarketWatch: – The euro notched an 11-month high versus the dollar Friday, as European banks prepared to pay back a larger-than-expected chunk of cheap, thre…
U.S. manufacturing PMI from Markit came in stronger than expected today. The trend of manufacturing stabilization (discussed here) is intact. But the sector remains vulnerable. Each year during the post-recession period, we saw manufacturing activity p…