The NY Times had this nice neat graphic view of the decline and bergening recovery in the US labor market.
A graphic view of the US labor market
Source: www.forexlive.com
Read more...
Another UK Minister resigns
John Hutton is now the fourth member of the UK cabinet to resign this week, but instead of knifing Prime Minister Gordon Brown in the back, he’s declared that the move was purely for “family reasons” Elsewhere, early results in the European election are showing, as expected, a...
US Bond futures shed some gains as longer dated supply awaited
Just as I said that the 3 year auction went well, then the small rally in Bond futures was sold into as that particular market shifted its focus to the upcoming 10 and 30 year auctions due tomorrow and Thursday respectively. This minor sell off has helped the Dollar somewhat as Usd/Jpy moves up to...
Ken Lewis being beaten like a drum
Poor Ken Lewis, CEO of Bank of America, is in the unenviable position of having to defend himself from charges that he was either an idiot for not anticipating Merrill Lynch’s losses prior to late December, shortly before the deal was set to close or he was pressured into the closing the deal...
Yen Rises To 3-day High Of 157.5 Against Pound
...
FOREX-Dollar down as Bernanke remarks weigh; c.banks eyed
By Jamie McGeever LONDON, June 4 (Reuters) - The dollar weakened on Thursday as remarks by Federal Reserve Chairman Ben Bernanke on fiscal deficits the ... See all stories on this...