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
