The BEA released its “advance”, or first, estimate of second quarter GDP today, and it might not surprise anyone that the economy grew more slowly in the second quarter than in the first quarter. The question is: how much slower? The quarter 2 estimate is 1.5 percent, compared with a revised estimate of 2.0 . . . → Read More: U.S. GDP 2012 Quarter 2 & Revisions

The London Interbank Offered Rate (LIBOR) is an index (actually, there are 150 indexes covering 10 currencies and 15 maturities from 1 day to 1 year) that is reported daily by the British Bankers Association (BBA).  LIBOR settings are established each day as the result of a survey of a panel of large international . . . → Read More: LIBOR Gate