The bold measures taken by the Eurozone countries, the IMF and the US are to be applauded only in that the plan buys time for the restructuring of the Eurozone. It provides adequate liquidity in the near-term, and from the European perspective, is unorthodox indeed. By allowing the European Central Bank to buy [...]

Filed under: NewOak Blog by Vincent Truglia

I expect little change at the next FOMC meeting. As I have been indicating in my blog and elsewhere, at least since February, the recession had at least a 25% probability of ending in Q309, with a 90% total probability that it would end by year end. We are seeing my mildly more optimistic [...]

Filed under: NewOak Blog by Vincent Truglia