Lehman Bankruptcy
Healthcare Industry: Of the employers surveyed in the education and health services industries, 11 percent said they think hiring will increase next quarter.
Construction Industry: 18% of employers in the construction industry say they believe a rise in hiring is coming in the second quarter, while 14 percent said they expect it to drop
Other Services: While most employers [...]
Unemployment rose in 30 states in January, the Labor Department said Wednesday, evidence that jobs remain scarce in most regions of the country. five states reported record-high joblessness in January: California, at 12.5 percent; South Carolina, 12.6 percent; Florida, 11.9 percent; North Carolina, 11.1 percent; and Georgia, 10.4 percent.
Michigan’s unemployment rate is still the nation’s [...]
Mohamed A. El-Erian, whose company runs the world’s biggest mutual fund, said deteriorating public finances may affect the global economy more than is currently realized.
“The importance of the shock to public finances in advanced economies is not yet sufficiently appreciated and understood,” El-Erian, co-chief investment officer at Pacific Investment Management Co., wrote in an [...]
Bid/Cover 3.45
Total Amount $21 B
Yield Awarded 3.735%
The 10 Year auction was among the healthiest auction in the last 6 months with Bid/cover coming in at 3.45 while indirect bidders taking 35% of the amount. If tomorrow 30 year auction turns to be healthy, Gold may have topped for [...]
U.S. Millionaires Grow 16% to 7.8 Million in 2009
Follows Sharp Decline the Year Before
Households Worth $5 Million or More Increase 17% to 980,000
The number of U.S. households with a net worth of $1 million or more, not including primary residence (NIPR), grew 16% to 7.8 million in 2009, up from 6.7 million the year before, [...]
EUR/USD
BofA had some really tough thoughts for he queen of all crosses, EUR/USD.
Weakness in EUR-USD year to date has run ahead of our once aggressively bearish forecasts. We have adjusted our forecast profile, as a result. The underlying story of receding global liquidity exposing underlying euro frailty and over-valuation remains. In terms of specific forecast [...]
There seems to be some kind of new trend developing in large opaque world of credit derivatives. Traders seem to demand CDS payment in Gold rather than in EURO which was the currency of choice till now.
Janet Tavakoli of Tavakoli Structured Finance, Inc. writes:
Remember AIG? When prices moved against AIG on its credit default [...]
First signs that the recovery may gain further traction albeit through the same process of cosumer leverage, which has plagued the country between 2003-2008.
Consumer credit outstanding during January posted its first gain in twelve months. Is a bottom to the year-long retrenchment in the making or will debt-laden balance sheets force further cutbacks? The $5.0B [...]
In a rather eerie and solemn warning, money continues to pour out of the US even with the recovery trumphet call getting shriller by the day.
In 2010, investors around the globe have pulled $15.3 billion out of U.S. stock funds, according to data from EPFR Global, which tracks money flows. Meanwhile, roughly $2 billion has [...]
Industries to Recruit: Time to trim your CV | 
10 Year auctions: Well bid | 
Dollar update: Target 1.20 to EURO by 2011 | 
