Economics Update

Not a bunch of news, but is news is good news, with the Conference Board's index of leading economic indicators rising sharply.

Additionally, defaults and foreclosures fell in California, though one wonders whether this is a real improvement, or if it's just that we've basically run out of non-delinquent/foreclosed houses.

L'affaire Goldman seems to the primary mover in oil, with strong Goldman earnings driving oil prices higher, while the juxtaposition of the Goldman numbers and the uncertainty about Greece left the dollar mixed.

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The Canadian Ddollar has broken the 1:1 ratio with the US dollar, hitting $1.0012 U.S today.