Submitted by CARPE DIEM

THE ECONOMIST — Applications for full-time Master of Business Administration (MBA) programs are booming.
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Submitted by CARPE DIEM

The U.S. Dollar index for major currencies reached its highest level this year, and is at the highest level since December 21, 2007 (see chart above). Oil fell today by almost $5 per barrel in the spot market to $112.43 (brent spot) and $115.20 (WTI) and below $115 in the futures market. […]

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Submitted by A Dash of Insight
There has been plenty of criticism of public policy related to credit markets.  Supervision of ratings agencies, lack of transparency, bad incentives — you name it.  No objection here.
The Fed, the Treasury, the SEC, the Administration, and the Congress have all gotten their share of blame.
GSE’s are criticized as an […]

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Submitted by CARPE DIEM

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Submitted by CARPE DIEM
The health of the global economy used to rest on the back of the American consumer. Now it will rely on the Chinese.
In the U.S. and Europe, public debate centers on China as a low-cost producer that puts workers in the developed world out to pasture; hence the popularity of antitrade legislation. […]

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Submitted by CARPE DIEM
US News and World Report – After months and months of painful data, economists said there is a sliver of sunshine in a housing report released today.
The National Association of Realtors announced that June pending homes sales increased a stronger-than-expected 5.3% from the previous month, although sales remain more than 12% lower […]

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