Daily Archive: Friday, March 4, 2011


From Goldman: The household survey, however, was stronger than expected. In particular, the unemployment rate dropped another tenth (to 8.922%) due to a firm gain in employment (+250,000) and unchanged labor force participation (at 64.2%). The employment gain was also strong on a “payroll-adjusted” basis, up 342,000 on the month. The employment/population ...Read More

EU Daily | Europe’s Bank Signals It May Raise Interest Rates to Tamp Down Inflation

So the ECB, which is funding the entire euro zone banking system, and for all practical purposes backstopping the funding of the national govts as well to keep their funding costs manageable as they struggle with the terms and conditions of the austerity mandates, That same ECB is now looking to raise ...Read More