The quantity of news articles and blog post on Greece reached greatest number ever.  Too much of attention to a issue that is important to the markets only if we look at it as a warning signal.

The U.S. trade deficit unexpectedly rose to $40.2 billion vs. $35.7 billion consensus and $36.4 billion November. Well, the U.S. deficit problem remains.

The MBA Purchase Index fell 7.0% vs. growth of a 10.3% the week before.

Markets, not much happening today. Mr. Bernanke raising rates is not going to exactly move the risky assets. I will be interesting to see the tomorrows jobless claims. Three consecutive elevated readings would be one more nail in the recovery coffin.

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This entry was posted on Wednesday, February 10th, 2010 at 2:29 pm and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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