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
