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| | | ... anything that materially changed the outlook for economies of the US, Europe, China -- the world -- last week? You betcha Virginia, there wasn't. Yet for all the continued worries over macro dynamics and rumours and innuendos coming out of Europe, speculation ... |
| | | | Another day, another blah to keep risk takers happy. Yes Virginia, in keeping up with our Olympics theme, it's turning out to be a blah relay. This time, Eric S. Rosengren -- president of the Federal Reserve Bank of Boston - is running with the blah ... |
| | | | ... can't you see, there's nothin' else for me to do, I'm hopelessly devoted to you..." - Olivia Newton John Yes, yes yo Virginia. After only a day of making their disappointments felt at the "all talk, do nothing" Fed and ECB, investors are back hoping ... |
| | | | ... Similarly, Spanish 10-year bond yields are back above 7% after dropping to as low as 6.6% on Draghi's promise (threat?). Yes Virginia, all we got was no action and more promises from central bankers. As quickly as the CB meeting results flashed on screens ... |
| | | | ... closed down by only 0.3% as we awoke - still up by 2.8% from the day before Mario's "whatever it takes" declaration. Yes Virginia, the Fed offered nothing new. Growth has slowed... "Information received since the Federal Open Market Committee met in ... |
| | | | ... proven correct when he mused, "What's the point of going out? We're just going to end up back here, anyway." Du'oh! Yes, Virginia, Europe's had another bad session -- as Spanish bond yields continued to climb - that spilled over onto Wall Street but ... |
| | | | ... deteriorating one. I guess even the WSJ can be caught up in the moment, put two and two together and came up with three. Yes Virginia. According to Bloomberg, of the 63 companies in the S&P 500 that have reported so far, 73% have topped expectations. ... |
| | | | ... the second quarter from 8.1% in the previous one. And so they should. We've already told them several times, didn't we, Virginia? We've told them that what Wen wants, Wen gets, when Wen likes. Earlier this year, Chinese Premier Wen Jiabao lowered the ... |
| | | | ... religion as the only means of delivering them from eternal damnation - in the financial sense, of course. For this time, Virginia, the sky does really look like it's about to fall. There's an air of depression swirling about in financial markets as nothing ... |
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