Market Update
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12/10/09 Midday Report: Take our cheap shit, please
The market is off to the races again as a rise in US exports turned on the cold water and created some shrinkage to the US trade deficit. The trade deficit dropped by 7% which was better than expectations of a rising deficit (and I know, it is hard to believe expectations were wrong much…
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12/9/09 Midday Report: Nothing to see here
No really, there’s not much to see today except for this and maybe this. The dollar started to decline again thus boosting commodities and reversing some of the downturn the stock market has taken over the last week. No new data, but traders have to make money somehow so banging the soft dollar is a…
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12/08/09 Midday Report: Formidable headwinds, not as good as formidable head
The news driving the market down today comes from Ben Bernanke’s speech yesterday (apparently the joke about the rabbi, the priest, and the horse did not go over well) where he warned that there are still “formidable headwinds” to an economic recovery. And in an additional exercise of overstating the obvious, he also concluded that…
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11/23/09 Midday Report: Is Midday one word or two?
Ok, before I get to the days’ market happenings, is there a linguist in the house (and not so fast Dell Hymes fans)? Seriously, are there any cunning linguists out there to help me understand if Midday is one word, two words, or hyphenated? I googled it and there does not seem to be consensus…