Deeper Analysis
Today’s North American Data
February 22, 2011
U.S. consumer confidence according to the Conference Board survey advanced 5.6 points to 70.4 in February and by 17.1 points over the first two months of this year. More confidence is being expressed about the labor market even though employment increased merely 36K in January and at a 56K per month rate over the past […] More
Deeper Analysis
New Zealand Earthquake
February 22, 2011
On the South Island near the city of Christchurch, a 6.3 earthquake has reportedly caused extensive damage and over 65 deaths. The region was hit by a 7.0 quake last September 4th that produced an estimated $5 billion of damages to infrastructure, residential and commercial property. New Zealand economic growth in 2010 was softer than […] More
New Overnight Developments Abroad - Daily Update
Investors Unnerved by Middle East Unrest and Spiking Oil Prices
February 22, 2011
Stocks are sharply lower. The dollar, Swiss franc and yen are higher. Bond yields fell. In the Middle East, tensions continue to escalate in Libya where strongman Quaddafi seems to be losing the support of his military. Two Iranian naval ships went through the Suez Canal. The Security Council meets today to discuss recent Middle […] More
