Economy

The US unemployment rate remained unchanged at 9.6% in September based on the US Department of Labor's household survey. Meanwhile non-farm payrolls dipped 95,000 due to a downtick of 159,000 in government payrolls, numbers below…

Note: I had corrected this post title due to the data from the BLS. However, the data were from last week as the embargoed data from this week had yet to be put up. I have amended it back to the original title and replaced the quote from…

Asha Bangalore of Northern Trust writes: Recent data indicate bank credit has increased in July and August (chart 2A), while partial September data suggest another monthly gain.  This is a positive and noteworthy development, but…

FDIC Chair Sheila Bair spoke with Bloomberg News yesterday and the topic was interest rates and banks ability to withstand a higher interest rate environment. While Bair was careful to stress that this is not a "short-term…

David Tice, chief portfolio strategist for bear markets at Federated Investors, talks to Bloomberg about the outlook for the U.S. economy and stock market.  He is expecting to see signs of a `Double Dip' Recession.  He also…

By Win Thin, Global Head Of Emerging Markets Strategy, BBH Here are some more thoughts on Moody’s actions today. In general, Moody’s has been too soft on Europe and so putting Ireland’s rating on review for possible downgrade (just like…

by Rick Bookstaber This reflects my personal opinion, not the views of the SEC or its staff. I just finished reading Robert Reich’s new book, Aftershock. The critical points of the book are well presented in his pre-publication New York…

by Edward Hugh Last Thursday Moody’s Investor Service cut Spain’s Sovereign credit – to Aa1 from AAA – thus removing the last of the country’s highly-valued triple-A ratings. The move really surprised no one – in this case the Moody’s…

by Edward Hugh According to an intriguing article I read in Bloomberg recently an alert signal has been sounded due to the fact that house prices in the Scandinavian countries have been rising very rapidly of late. Judging by what they…

by Annaly Capital Management Bank of Canada Governor Mark Carney delivered a speech yesterday in Ontario that contained two observations that we think are certainly true: · “Insights from financial markets are somewhat fleeting at the…