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Monthly Archives: June 2012
Mario Draghi is not turning out to be a clam counterpart as his commentary is rather stale providing no comments on how the ECB may deal with the debt crisis. Add that to not lowering interest rates and you have futures cut in half and a pullback from the highs in European markets.
We need a puppet up in Europe yo…..Comments »
“BERLIN (AP) — Industrial production in Germany dropped by an unexpectedly sharp 2.2 percent in April compared with the previous month, official data showed Wednesday, sending a downbeat signal about the economy’s ability to shrug aside the eurozone debt crisis.
The decline was led by a 3.6 decrease in production of capital goods such as factory machinery and a 3.7 percent fall in production of consumer goods, the Economy Ministry said.
The drop followed a 2.2 percent month-on-month gain in March — a figure that was revised sharply downward from the initial reading of 2.8 percent.”Comments »
“WASHINGTON (AP) — Despite recent signs of weakness, the U.S. economy isn’t likely to slip back into a recession, Warren Buffettsaid Tuesday. He also said both political parties deserve blame for the federal government’s failure to reduce the deficit.
Speaking at the 25th anniversary dinner of the Economic Club of Washington, the billionaire investor said he sees the odds of a renewed recession as “very low.”Comments »
Unit Labor costs + 1.3% vs last estimates of 2.0%Comments »
“Oil rose for a third day in New York after stockpiles dropped in the U.S., the world’s biggest consumer of crude, and economic reports pointed to more demand.
Futures gained as much as 0.9 percent. Crude inventories fell 1.8 million barrels last week, the industry-funded American Petroleum Institute said yesterday. An Energy Department report today may show supplies slid by 500,000 barrels, according to a Bloomberg News survey. U.S. service-industry growth unexpectedly increased, and Australia’s economic expansion beat estimates.”Comments »
You’re welcome.Comments »
[youtube://http://www.youtube.com/watch?v=0lRC24a44tY 450 300]Comments »