The first day in May kicked off with losses for currencies and equities. The Dow Jones Industrial Average tumbled more than 600 points while the Australian and New Zealand dollars dropped approximately 1%. These declines were driven by weaker than expected manufacturing activity in Australia and rep
The Conference Board’s Consumer Confidence Index was a horrible headline, but fully expected and understandable. Jennifer Lee from the Bank of Montreal focuses on the fact that the outlook rose, and Americans believe that things will get better.
“The Conference Board's Consumer Confidence
All major central banks are at the zero bound.
Japan has had near zero rates for a quarter century.
Low rates for a prolonged period stifle economic growth.
The La Brea Tar Pits in Los Angeles are famous for interring thousands of ice age animals from huge mammoths, dire wolves and saber toothed ti