Global Macro Perspectives
(For The Week Ending September 3, 2010) Initial jobless claims were reported at 451.000. The consensus was at 470.000, last week revised (up 8.000) reading was at 478.000. Bloomberg: Jobless Claims in U.S. Decreased 27,000 to 451,000 Last Week. …For the latest reporting week, nine states didn’t file claims data to the Labor Department in […]
(For July 2010) U.S. trade balance for June was reported at $-42.8 billion vs. consensus of $-47.0 billion and June reading of $-49.8 billion. Chart 1. U.S. Trade Balance
(For The Week Ending September 3, 2010) Initial jobless claims were reported at 451.000. The consensus was at 470.000, last week revised (up 8.000) reading was at 478.000. Chart 1. U.S. Initial Jobless Claims
Extension of European debt problems returned as a mayor concern this week. Most notable problem is, off-course, much hyped Ireland’s banking system nationalization. Latest leg included spiting up Anglo Irish. Bloomberg: Ireland’s Burial Plan for Anglo Irish Keeps Cost Question Alive. Irish 10 year government yield spread versus same maturity German issue moved to new highs. Chart 1. Ireland vs. Germany […]