Happy New Year to you from Tory Capital. Have a prosperous 2012. Thank you for visiting our website and look forward to more Tory Capital Economics Data Analysis in 2012. May your New Year be filled with joy! Lookout for more content and analysis from Tory Capital: More Charts: More Economics News and Data Analysis More...
Major Averages Jump On Coordinated Central Bank Efforts: Th U.S. major averages rose 3 percent today on the news that the major central banks were working together to resolve the global debt crisis. The U.S. Federal Reserve bank, the ECB as well as the central banks of Britain, Japan, Canada and Switzerland lowered the...
Greek Prime Minister to resign: The Political Economy of the Euro: Papandreou’s resignation doesn’t make a strong case for the euro: Is this the first sign of less than 17? The Prime Minister of Greece is set to resign after a whirlwind week that prompted emergency meetings with leaders in Europe. Last Week, George...
MF Global files for bankruptcy…They can’t be the only firm overexposed to Europe: U.S. financial institutions’ exposure to Europe needs to be checked -again. MF Global, a derivatives and commodities trading firm, has filed for bankruptcy. The company had lost a significant portion of assets due to the extended European debt crisis which caused...
Economic Data Points Released Today Show Mixed Results: The Fed Gets More Time? Economic data may make Fed decision easier. Today is an economic data intensive day as more reports on the overall health of the U.S. economy were released but showed mixed trends leaning towards some further weakness. Private Sector Jobs Fall ADP...
