Archive for June, 2010

Secretary of the Interior Ken Salazar Should Resign Over BP Comments

Friday, June 11th, 2010

Yesterday it was reported that Ken Salazar, the Secretary of the Interior of the United States actually said that he would ask BP to repay the salaries of any workers laid off because of the six month moratorium on deepwater exploratory drilling imposed by the government.  So let me get this straight.  BP cuts some […]

Watch Out Below

Sunday, June 6th, 2010

When the US Employment Situation Report came out Friday, the 41k private payroll print shocked the bulls. An interesting divergence appeared. Normally a weak payroll print in relation to expectations would cause the currency in question, the US Dollar in this case, to weaken substantially. But in fact the opposite took place. The Dollar rallied […]