Forget “Grexit”, Jobless Claims Data Suggest June 2012 Could Be Worse Than May Unemployment Growth Of 69,000: Fed may move after Greek elections on Sunday. Americans are still finding it difficult to obtain employment. Unemployment insurance benefits rose last week…
Spain To Seek $125 Billion Bank Bailout, Expect More Announcements Ahead Of Greece’s Political ‘Fight’ Next Week: Speculation about Spain seeking a bailout for its banks turned into fact today as Economy Minister Luis de Guindos told a press conference…
President Obama Implores Europe To Act, Investors Expect Positive Headlines From Spain This Weekend (June 9-10, 2012): For the first time in several months, President Obama took a decisive, firm stand on Europe and may have helped markets rise today. …
May 2012 Dollar Action Will Give Clues On Global Sentiment For U.S. Equities: Watching the dollar for global sentiment. We were intently watching the dollar last week to give us clues about how global sentiment had changed. Dollar denominated assets…
New Home Sales Increase April 2012 Plays Backseat To EU Summit Speculation As Markets Rally: New home sales increased in April giving more fodder to those who suggest the housing market is improving. The increase in new home sales was…
