2011

Initial jobless claims fell to 368,000 in the last week. This is the lowest level in nearly three years and demonstrates that the sluggish employment market is slowly improving. Yesterday, the private payroll company ADP said that the…

With yields on Portugal now above 7.4%, many are predicting Portugal will soon need a bailout because it cannot reduce its debt load with yields that high. Portugal simply cannot grow its economy fast enough to pare debt with yields that…

from the BBH Currency Strategy Team Highlights The US dollar is consolidating some it weekly losses versus some of the majors ahead of today’s ECB meeting and tomorrow’s jobs reports. The euro, however, maintains a firm tone as the…

This thing is pretty cool. Steve Jobs definitely is staying ahead of the pack with the new iPad. It's the same price as the old one but with a dual processor ad faster graphics, dual cameras and all the bells and whistles. Here's a spec…

Andy Lees writes: https://www.energybulletin.net/node/11901 suggests that Norway is sitting on 3trn tons of coal on the Norwegian shelf which compares with today’s 900bn tons of proven world reserves. “By injecting oxygen we can…

By Marin Katusa, Casey’s Energy Report The oil picture is always complex, but right now things are about as complicated as they can get. The unrest in Egypt has settled for the moment, but the future there is not yet clear as the…

Nationwide Chief Economist Robert Gardner doesn't think so? Yesterday, he spoke on CNBC Europe about why he sees continued housing stagnation in the UK. Gardner says an improvement in the labour market is what the UK needs to see the…

From this morning's Breakfast with Dave missive: FIFTEEN REASONS TO LOVE THE LOONIE (WE COULDN’T STOP AT TEN!) Better growth than in the U.S.A. and without need for stimulus Responsible central bank, limiting growth in its…

By Win Thin Korea February inflation data came in much higher than expected, and supports our view that a rate hike on March 10 is a done deal. The central bank kept rates steady February 11 after a 4-2 vote in favor of a 25 bp rate hike…

Oil prices are on the march higher again today. Brent is trading above $115 a barrel. While WTI is now above $100. Federal Reserve Chairman Ben Bernanke does not believe the recent rise in oil prices will cause the U.S. recovery to buckle…