Your world at 9am
|WTI Crude Oil||+0.61%|
|Brent Crude Oil||+0.47%|
Out of 43 world ETFs listed in NYSE that we track, 34 are trading above their 10-day SMA and 38 are trading above their 50-day SMA.
The Global Cost of the Eurozone’s 2012 Fiscal Coordination Failure
The Banque de France has an interest little article in its summer report. The Banque de France argues that the eurozone collectively did too much fiscal consolidation—e.g. austerity; budget cuts and tax increases—between 2011 and 2013.
Investing Hot Shots Can’t Time the Market, Either
Nir Kaissar is a Bloomberg Gadfly columnist covering the markets. He is the founder of Unison Advisors, an asset management firm. He has worked as a lawyer at Sullivan & Cromwell and a consultant at Ernst & Young. The forecast calls for a market correction.
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