Monday, August 13, 2012

Economic Journal - Monday, 8/13/2012

(As of 6:54 am pacific)

It is very quiet today. No economic reports of significance.  Some news out of Europe shows Greek GDP down significantly, but above expectations.  There is little market reaction.  There is some merger and acquisition activity.  Gold is down slightly, while oil is up slightly.  Interest rates are down slightly, while the dollar is mixed.  It looks like a mid-summer day with more people focusing on vacationing than investing.  No reaction to the GOP Vice-President selection, Paul Ryan.