Monday, August 6, 2012

DailyMarkets.com - Economist Paul McCracken, R.I.P.

DailyMarkets.com - Economist Paul McCracken, R.I.P.

Economist Paul McCracken, R.I.P.

Posted: 06 Aug 2012 06:52 AM PDT

Economist Paul McCracken on his 95th birthday.

Legendary economist Paul W. McCracken died last Friday in Ann Arbor, Michigan at the age of 96.  In addition to being a professor of Business Administration, Economics, and Public Policy at the Ross School at The University of Michigan since 1948, Paul McCracken served as an economic adviser to Presidents Nixon (chair, Council of Economic Advisers), Eisenhower (member, Council of Economic Advisers), Kennedy (member, task force on the domestic … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

August 6 Fibonacci Checkup And Plan On The S&P 500

Posted: 06 Aug 2012 06:48 AM PDT

Let's take a moment to update the long-term and short-term Fibonacci Retracement grids for the S&P 500, taking note of which levels are in play at the moment.
For that, let's start with the larger Weekly Chart perspective:

These levels are the dominant Fibonacci Retracement Levels against the 2007 Bear Market decline.
I highlighted regions where price stalled or reversed previously at these levels (drawn from the peak of 1,576 to the bottom at 666).
At the moment, the 1,381 level which … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Aug 6, 2012

Posted: 06 Aug 2012 02:35 AM PDT

    Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.

Monti calls for more crises-fighting urgency in ECB standoff (Bloomberg)
China central bank to step up monetary policy fine-tuning in second half (Reuters)
Romney says Fed should … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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