The bad news coming out of Europe is keeping euro from recovering part of its sustained decline against the greenback. The pair has been in oversold territory for quite some time. The 9-day RSI is still showing divergence but the pair is reacting more to Spain worries than to any chart pattern. This week, EUR/USD bounced up…
Here is what I am reading: India’s Economy Slows, With Global Implications (New York Times) China stimulus unnecessary, risks long-term damage (Reuters) German-Russian Relations Enter a New Ice Age (Spiegel Online) Spain’s long climb to the liquidity hospital (FT/Alphaville) 6 reasons Spain will leave the euro first (MarketWatch) The hard challenges for Europe, an overly…
For very long Paul Krugman, the Nobel laureate columnist of New York Times has been insisting that the current economic problem in the US is due to persistent unemployment rate. He has been critical of Federal Reserve and its chairman Ben Bernanke because Krugman says that they are so pre-occupied with the fear of inflation and…
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