December 19, 2012
Nikkei Rises Above 10,000; Yen Drops to Weakest Level Since April 2011
Bloomberg reports Yen Falls to August 2011 Low Versus Euro on Stimulus Bets .
Hard hitting global and local news
Hard hitting global and local news
Bloomberg reports Yen Falls to August 2011 Low Versus Euro on Stimulus Bets .
Many have heard of normalized P/E ratios based on 10-year earnings averages and the concept of reversion to the mean. To the best of my knowledge no one has attempted to normalize unemployment rates based on demographic trends, although some have attempted unemployment normalizations based on changing definitions of the meaning of unemployment
Also consider Calpers Bankruptcy Strategy Pits Retirees vs. All Others .
Empire State Manufacturing Index Declines 5th Straight Month; Profit Squeeze Underway Posted by Michael Shedlock at 2:46 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
The days of getting carpal tunnel syndrome from cutting meat are now over, at least as measured by a meat processing plant in Greece, shown in the video below. The video starts out a bit slow, but is rather fascinating once it gets going.
Courtesy of the Weekly Standard , please check out the following union thuggery: Pro-Union Activist Threatens the Michigan Governor: ‘We’ll Be at Your Daughter’s Soccer Game’ A speaker at a protest against Michigan’s right-to-work legislation said that Republican governor Rick Snyder will “get no rest” from pro-union activists if Snyder signs the bill into law.”Just know one thing, Rick Snyder: You sign that bill, you won’t get no rest,” said Rev. Charles Williams II at the Tuesday rally in Lansing, according to Michigan Capitol Confidential
Car sales are up in the UK, but down 10% on average in the EU. Overall sales, including the UK, are down for the 14th consecutive month
Following many months of gloom – and seven consecutive quarters of declining growth – the Chinese stock markets are permitting themselves a frisson of excitement after China’s official manufacturing PMI rose to a seven-month high of 50.6 in November, from 50.2 in October. The higher PMI was propelled (unfortunately, I think) by a surge in construction activities
Those looking for a step in the right direction today can find it in the Financial Times Live Blog which announces “EU drops timetable for creating eurozone fiscal and banking union”. EU heads of state and government have started gathering in Brussels even though their summit isn’t scheduled to begin until 5pm.