Economic Data

All in all, the negative fallout from the EU sovereign debt crisis and the outlook for the U.S. economy are likely to have a strong downward pull on the stock market. Rather than reflecting fear, the market seems unusually complacent as…

The dollar is broadly weaker as news developments remain mostly positive, boosting sentiment. North American session sees US November inflation; euro likely supported today on short-covering rally. RBI left rates on hold at 8.5%, as…

The dollar is broadly weaker as Spanish auction goes well, euro zone PMIs better than expected. SNB held policy steady with no change to EUR/CHF floor. China, Singapore data help boost sentiment; Hungary reaches deal with banks on CHF…

The dollar is broadly firmer as Italian yields rise at 5-year bond auction, euro zone IP falls.Swiss data weak ahead of SNB meeting tomorrow; Norges Bank seen cutting rates 25 bp. China data gives cover for more PBOC easing; RBA suggests…

The following is a statement issued by Herbert Hoover's White House on 2 June 1931 regarding the federal budget deficit for the year. I have highlighted the parts most relevant to today's situation.

The ECB President admitted that budgets cuts and tax increases are contractionary -“in the short term” he added - but there are two ways to lessen their negative impact on growth: the confidence-enhancing effect that will follow the new…

Financial news links for 12 December 2011 including stories on privacy, the European sovereign debt crisis, China and India

The British decision to veto the proposed new EU treaty is not surprisingly provoking an avalanche of commentary this weekend. Among journalists, at least, there seems to be a consensus that David Cameron committed some kind of major…

News links for 11 Dec 2011 on European growth, the sovereign debt crisis, Technology IPOs and patents, US elections and more

Here’s some interesting data from the Atlantic that shouldn’t have surprised us, but was an eye opener, nonetheless. The U.S. Federal payrolls are dominated by men and state and local government by women.