Archive for March 28th, 2012

Deeper Analysis

Unemployment: Structural or Cyclical

March 28, 2012

A big policy debate about the U.S. economy concerns its vulnerability to accelerating inflation.  This argument hinges critically over whether 8.3% unemployment reflects a structural deficiency of skill supplies versus skilled worker demand or insufficient overall demand.  Officials at the Federal Reserve lie on both sides of the fence.  Notably, Chairman Bernanke, who exerts the […] More

New Overnight Developments Abroad - Daily Update

Some Soft European Data Released

March 28, 2012

The dollar is narrowly mixed this Wednesday, with overnight declines of 0.3% against the yen and 0.2% versus the euro and Swiss franc offset by gains of 0.4% relative to the Australian dollar, 0.2% versus the kiwi and sterling and 0.1% against the loonie.  The yuan is unchanged. Share prices slumped 2.8% in China.  Elsewhere […] More