Here is what I am reading. Germany’s Attempt to Beat Greece into Submission Won’t Work (Next New Deal) Are the Germans actually trying to get Greece to leave the euro? If so, they are probably underestimating the turmoil that would cause. Paul Ryan and the second coming of Compassionate Conservatism (WonkBlog) Ryan is moving ahead…
Copper is referred to as Dr. Copper because of its unique ability to predict economic trends – and also because it is the only commodity that has a Ph.D. in economics. “Because of copper’s widespread applications in most sectors of the economy – from homes and factories, to electronics and power generation and transmission – demand…
Here is what I have been reading (and trying to decipher) today morning: German Patience With Greece on the Euro Wears Thin (The New York Times) India addresses concerns of foreign investors regarding General Anti-Avoidance Rules (GAAR) (The Economic Times) Greece fears put shares under pressure (Financial Times) Major correction unlikely (MarketWatch) Assessing Yet Another Round of the Structural…
On May 08, 2012 S&P Index ($SPX) made a hammer, at a short term support zone – April ’12 low of 1357 and March ’12 low of 1340. Hammer is a bullish reversal pattern that forms after a decline. (see StockCharts). In this case, the decline has been short – only five days since May 01. Hammers signal a bullish reversal as the long…
Editors of Bloomberg were surprised to learn that Rep. Paul Ryan is, maybe, a closeted Volcker Rule supporter. “If you’re a bank and you want to operate like some non-bank entity like a hedge fund, then don’t be a bank,” the House Budget Committee chairman and the Republicans’ leading policy wonk said. “Don’t let banks use their…
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