June 27, 2011 | Daily JAM, Morning Briefing |
Members of the Greek parliament are to vote on June 29 on a five-year austerity plan that the European Union, the International Monetary Fund, and the European Central Bank have demanded before they will deliver the next $17 billion payment to Greece. To avoid default Greece needs $9.4 billion in August to pay off bonds that mature that month.
June 25, 2011 | Uncategorized |
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June 24, 2011 | Daily JAM, Stock Alerts, You Might Have Missed |
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June 24, 2011 | Daily JAM, Morning Briefing, Short Term |
China has beaten inflation. How do we know? Chinese premier and Communist Party secretary Wen Jiabao said so in an Op-Ed piece running in the Financial Times today. “We are confident price rises will be firmly under control this year,” he wrote.
June 24, 2011 | Daily JAM |
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June 23, 2011 | Daily JAM |
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June 23, 2011 | Daily JAM |
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June 23, 2011 | Daily JAM |
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June 23, 2011 | Daily JAM |
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June 23, 2011 | Daily JAM, Morning Briefing |
My suspicion is that stocks wouldn’t be down so much today if they hadn’t been up so much on June 21. So far, today’s 1.1% decline in the Standard & Poor’s 500 amounts to profit-taking on the June 21 move up to 1296 on the index. A 1% drop on today’s list of bad news is, well, actually rather modest.
June 22, 2011 | Daily JAM, Stock Alerts |
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