Archive for May 11th, 2009

The Peak In U.S. Unemployment

May 11, 2009

The jobless rate is considered a lagging economic indicator, meaning it should continue to crest in the early stages of an economic recovery as employees work longer hours before firms begin to rebuild head counts.  The peak unemployment level was a critical assumption of the stress tests performed on the 19 key U.S. banks.  An […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Fresh Banking Jitters

May 11, 2009

Risk aversion makes slight comeback on fresh jitters about stress test results.  The dollar and yen are up. Stocks and commodities are down. The yen regained 0.4% against the dollar, which otherwise rose 0.8% against sterling, 0.7% relative to the Australian dollar, 0.3% against the Canadian dollar and euro, and 0.2% versus the Swiss franc. […] More