Archive for February 22nd, 2012

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