Global Macro Perspectives
Initial jobless claims in the U.S. were reported at 415.000 vs. 429.000 consensus; last week revised (down 3.000) reading was at 457.000.
Lot of noise in data; 4 week moving average rose in last two weeks.
*** The Infrastructurist: China To Create World’s Largest City ***
*** FT BeyondBRICs: Chinese property bubble: a myth? ***
*** The Big Picture: How U.S. Income Groups Get Squeezed By Food Prices ***
*** The Big Picture: Watch yields here ***
*** The Big Picture: Blogonomics: A New Chapter ***
*** The Big Picture: Microsoft the Innovator: Bing Copies Google Search Results ***
*** The Slope of Hope: Nope. No Inflation Here. Not At All. ***
Crude oil stocks rising, markets well supplied, demand weak. The price of oil, nevertheless, is on the rise.