Deeper Analysis
U.S. Housing and Labor Markets: Progress Report
February 22, 2012
A collapse of the U.S. housing market triggered the Great Recession, and the labor market bore a heavy brunt of the punishing downturn. A full recovery awaits a better sense of normalcy in both areas. And while progress is being made, both markets are closer to their troughs than to pre-recession highs. First let’s look […] More
New Overnight Developments Abroad - Daily Update
Greek Misgivings Linger
February 22, 2012
Post-Greek deal relief has been disappointedly muted. The dollar is stronger. Long-term gilt and bund yields are softer. Commodities and share prices are mostly down. Investors don’t believe Greece will meet its deficit-reduction targets. Elevated oil prices and softer-than-predicted European preliminary purchasing manager survey readings are two other concerns. The dollar strengthened overnight by 0.7% […] More
