It is a slow day in the east Texas town of Longview. It is raining, and the little town looks totally deserted.



Times are tough, everybody is in debt and everybody lives on credit.



On this particular day, a rich tourist from the East is driving through town.



He enters the only hotel in the sleepy town and…

Sterling hits 2-1/2 week high on upbeat UK retail sales while Merkel saves the day for Europe by backing ECB President Mario Draghi's vow to preserve the Euro.

World shares rose to near 3-1/2-month highs on Thursday after supportive comments from Germany on the European Central Bank's efforts to contain the region's debt crisis, while disappointing U.S. data weakened the dollar.

Investors were heartened by comments from German Chancellor Angela Merkel who said ECB President…

This week : Japan unemployment rate, German retail sales, German unemployment, EMU unemployment ,  EMU PMI Manufacturing, US ISM Manufacturing, FOMC rate announcement, BOE rate announcement, ECB rate announcement, US consumer confidence, US unemployment rate, Nonfarm payrolls, US ISM Manufacturing.

Positive start to the week with the headlines of Merkel & Monti stating they will do everything possible to protect the Eurozone, following sources in Greece reporting that politicians…

Yesterday US stocks closed lower for a third session as weaker-than-expected economic and earnings reports and worries about

Europe's debt problems continued to drive investors out of equities and into perceived safer havens, including Treasuries and the U.S. dollar.

This morning European stock futures are falling for a fourth day and Asian government bond yields dropped to record lows on concern China’s economic slowdown will weigh on…