I have been enjoying myself in the Austrian Alpes last week and hence the lower output. Here is my look though, of a number of notable news stories and contributions.
Benoît Cœuré, Member of the Executive Board of the ECB has penned a speech (and argument) on global (excess) liquidity. Izabella likes it and I agree with her that it is a good piece. I am not sure though that it is that much different than the Savings Glut argument put forward by Bernanke, but I may be missing the fine print (i.
The market continued to trade lower amid Infosys' lower-than-expected first quarter numbers, disappointing industrial output data and weak global cues. About 35 shares out of 50 on the Nifty were under selling pressure. Executive Di... Read Post
From Ananova: Cash strapped Alpine farmers are raking in a fortune harvesting snow and selling it to desperate ski slopes. Despite a freezing winter, snowfall levels at lower altitudes are down and Austrian resorts have had to buy i... Read Post