Archive for July 13th, 2010

Larry's Blog

Steinbrenner, Baseball, and Foreign Exchange

July 13, 2010

George Steinbrenner, owner of the New York Yankees since 1973, passed away today nine days after his 80th birthday. I submit one cannot completely understand American culture and the country’s distinctive status without some knowledge of baseball and the sport’s history.  What Homer’s Illiad and Odyssey represent for Ancient Greece, where the idea of democracy […] More

Deeper Analysis

North American Trade Results

July 13, 2010

The U.S. goods and services trade deficit of $42.3 billion in May was some 7% wider than forecast and the largest deficit since November 2008.  On-year import growth of 29.1% exceeded export growth of 21.0%.  In twelve months between May 2008 and May 2009 while the U.S. was in recession along with many other countries, […] More

New Overnight Developments Abroad - Daily Update

Stocks Slump in China But Rising in Europe

July 13, 2010

China’s stock market fell 1.6% after government indications that property market curbs will be retained.  Signs such have been effective already include a 0.1% dip in property prices last month and a smaller 608 billion yuan rise in bank loans.  Elsewhere in the Pacific Rim, equities declined 0.7% in Australia, 0.6% in Taiwan, 0.3% in […] More