Good piece in the FT, The New Deal for Europe: more reform, less austerity.
The War of the Coding Error is a reminder that the economy is too vital to be left to economists
– Philip Stephens
Amen!
Also see the NY Times, Reinhart and Rogoff: Responding to Our Critics and Krugman’s response, Grasping At Straw Men.
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Stratfor Director of Analysis for Latin America Karen Hooper discusses political infighting in Mexico and the country’s prospects for continued reform.
For more analysis, visit: http://www.Stratfor.com
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Just released. Nice to finally see a rally after an earnings release though the revenue guide down was horrendous.
Apple is providing the following guidance for its fiscal 2013 third quarter:
- revenue between $33.5 billion and $35.5 billion
- gross margin between 36 percent and 37 percent
- operating expenses between $3.85 billion and $3.95 billion
- other income/(expense) of $300 million
- tax rate of 26%
Just like the huge European equity ramp on the “it’s priced, can’t get any worse, and more liquidity coming” trade.
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Global Macro Monitor 