Conference Board Consumer Confidence For April At 57.9
Consumer Confidence came out at 57.9 vs. 53.5 consensus and 52.5 for March. Large positive surprise. Chart 1. Conference Board Consumer Confidence
Archive for April 27th, 2010
S&P/Case-Shiller Composites Fell in February
10 city composite fell -0.6% and 20 composite fell 0.9% in February. Keeping in mind that this is 3 month rolling average. Chart 1. S&P/Case-Shiller Composite 10 Chart 2. S&P/Case-Shiller Composite 20
Greek Bailout Doubts Arise
All the fuss today is the markets realizing that EUR 45 billion is not enough to save Greece from debt restructuring. Looking at the yield curves markets believe maturities shorter than 2 years will be paid in full. Longer duration holders could see some principal loss in debt restructuring. Portugal off-course followed Greece lead. Markets […]