Deeper Analysis
How Fast Must U.S. Employment Expand to Recapture Lost Ground?
December 14, 2009
This past Friday in the New York Times, Paul Krugman’s column projected that U.S. jobs might have to growth about 300K per month to return to full employment by the end of 2014 five years from now. To an economist, full employment connotes a state where all labor that wants to work is working and […] More
Central Bank Watch
Central Bank of Sri Lanka Leaves Key Interest Rates Unchanged
December 14, 2009
Monetary policy easing paused in Sri Lanka as expected. The key reverse repurchase rate was kept at 9.75%, having previously been lowered by 75 basis points in November, 50 basis points in September and a total of 225 bps from 12.0% since February. The repo rate stays at 7.5%. Such was reduced by 50 bps […] More
New Overnight Developments Abroad - Daily Update
Japan, Dubai, and Austria in The News
December 14, 2009
Japanese Tankan business survey produces mixed results. Abu Dhabi government lending $10 billion to help Dubai World restructure debt and avoid default. Austrian government nationalized Hypo Alpe-Adria Bank. The yen is 0.8% stronger against the dollar, which otherwise shows no change against the euro or Swiss franc and gains of 0.4% against the Canadian dollar, […] More
