Here is our latest issue of market insights. Enjoy!
In This Week's Issue
• Weekly Snapshot
• Weekly Barometers
• Weekly Chart
• Recommended Read
• Recommended Video
• Industrial production for August was up by 1.2% in the Euro area
• Euro area annual inflation was 3.0% in September 20112, up from 2.5% in August
• U.S. retail sales in September were up 1.1% from August and up 7.9% from a year ago
• U.S. senate approved a bill aimed at forcing China to raise its currency against the Dollar
• China's trade surplus fell to US$14.5 billion in September from $17.8 billion in August
• China's September CPI fell to an annualized +6.1% from +6.2% in August
• Australia's jobless rate declines for tirst time since March
• U.S. Consumer Sentiment Index unexpectedly drops to 57.5 In October
• The number of unemployed in Britain rose to a 17-year high of 2.57m
• Federal regulators unveiled a 298-page draft the new "Volcker Rule"
• The August 2011 U.S. trade deficit was virtually unchanged at $45.6 billion
• The U.S. government ran a $1.3 trillion deficit for the budget year 2011
Christopher Sims (Princeton) and Thomas Sargent (NYU) won the Noble prize in Economics for developing tools to analyze the economic causes and effects of monetary policy – Congratulations!
Although everyone seems to agree that the state of the US educational system is in need of a major overhaul, the U.S. continues to produce Nobel laureates like no other country. It appears that the number of Nobel laureates is a reflection of America's ingenuity, creativity and innovation is a source that its entrepreneurs continue to rely upon. Perhaps herein lies the path towards finding solutions to the economic challenges and a path towards greater prosperity.
Here's a an attempt towards finding positives within an economy that looks more and more like a recession. Please consider Why The Economy Looks Like Expansion, Feels Like Recession by Daniel Gross.
The markets have been in a tight trading range all summer. Are there any signs of a change in this side-ways trend? Time for Macke's purple crayon again to get a sense of how to position your trades.
Good luck and good investing!
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