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| Cosima F. Barone | Vol. VIII - Issue #156 | July 13, 2009 |
| The idea is there, locked inside. All you have to do is remove the excess stone. Michelangelo |  | |
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INSIDE THIS ISSUE:
The unemployed do not spend. Consumer sentiment data in the U.S. suggests that investors should not count on the consumer being the engine of economic growth for some time. Suddenly, gloom invaded Wall Street last week, even ignoring the encouraging data on the ISM non-manufacturing sector and a rebound in exports. Investors elected to focus on consumer sentiment and employment that still casts a dark shadow over financial markets, and more on the “now” situation, rather than on future expe ... Read more
What a dilemma Europe has to face! Brussels pretends that unbundling EU’s energy heavyweights would be good for the EU consumer, while these companies are fiercely opposed to their breakup in order to preserve long-term energy “price stability” and “price security” for consumers. The EU’s executive power (European Commission) responded to these companies’ opposition to the suggested unbundling with a €1.1 billion fine! Was EU’s interest as a whole ever considered in Brussels? ... Read more
Tables:
- MARKETS AT A GLANCE - Close as of July 10, 2009
- U.S. FIXED-INCOME MARKET AT A GLANCE - Close as of July 10, 2009
- COMMODITIES AT A GLANCE - Close as of July 10, 2009
- PULSE OF THE U.S. ECONOMY - As a Guidance for Other Geographies
- CURRENCIES AT A GLANCE - Close as of July 10, 2009
- MONETARY POLICY-MAKING AROUND THE WORLD - The Leading Seven ...
- ... and the BRICs ...
Charts:
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