Finance

Wednesday Wind Up – Closing Out 2014

Happy New Year!   What a year it’s been, too. We added 2.7M jobs this year and that’s good because we also added 2.7M people to our population so, essentially, we didn’t lose any ground. As more and more people left the labor force (retired, discouraged)however, official unemployment fell from 7% to 5.8%.   We still have…

Cool Video: Greece Revisited

This Cool Video was posted by Euronews.  It is about 2.5 minutes long. The basic premise is that the Syriza coalition in Greece is acting like a good opposition party, not too different than the current Prime Minister Samaras who was critical of the previous Socialist government and the austerity agreement negotiated with the official creditors, when he…

Will Raising Interest Rates Help Russia?

Everyone must have heard that the Russian central bank has raised interest rates once again. Chairman of the Russian central bank, Elvira Nabiullina, announced that her organization would step in again if the ruble continued to cause trouble. Her words did become reality. Interest rates in Russia have been raised from 10.5 to 17 percent,…

Morning Call For December 31, 2014

OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 +0.13%) this morning are up +0.12% and European stocks are up +0.25% in thin holiday trade. Many European equity markets close early today and U.S. and all European markets will be closed tomorrow for New Year’s day. Greek sovereign-debt risks remain elevated as the Greek 10-year bond yield…