Thursday, 9 July 2009

A grim look at the US jobs picture

So people being made redundant, people accepting shorter work weeks, forgoing bonuses, taking unpaid holidays, the chart below (taken from Business insider) shows the grim reality as it shows how last years job losses has undone all those created over the previous 7 years! Not pretty reading at all.



As for the markets, a very quiet one on the Euribor one, with spreads trading in a very tight 1/2 ticks range.
bank of England will be announcing rates, with it widely expected to be on hold, any statements will be telling.
at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Front month WTI Futures plunges to negative $37 as storage costs rocket

It was a move of epic proportions in the front month WTI Crude futures, the significance of which is not really known of yet, but was incre...

  • My thoughts on Apple and the Iphone 6
    Much has been said about the new phone and the response on the surface seems exactly how you would expect it to be. Regardless of what Appl...
  • ECB Leaves Rates Unanimously on Hold
    In the previous ECB meeting we had a split decision on whether to cut rates further or not but today Mario Draghi said the council decided ...
  • New lows in Spreads
    With the raft of poor data out this morning, we got some strong selling pressure in all parts of the curve. The 2s-10s spread hit an all tim...