The European Bay of “PIIGS”

The Economist published a fascinating overview (link) of the macroeconomic indicators in Europe’s most vulnerable economies in the current debt crisis (Portugal, Italy, Ireland, Greece, Spain).

King World News and Scotia Certificates

In this interview, Lenny Organ (son of Harvey Organ who was at CFTC hearing) recounts how at a recent visit to the vaults of ScotiaBank they saw little physical precious metals and had to go to some trouble to get physical.

I analysed Scotia’s annual report back in September 2009 after seeing a blog . . . → Read More: King World News and Scotia Certificates

Economic Events on April 7, 2010

The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week gain of of 0.2% last week.  Also, mortgage rates were up 27 basis points in that week.

At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update . . . → Read More: Economic Events on April 7, 2010

U.S. Economy Likely to Net 4M New Jobs in 2010

Employers added 162,000 jobs in March. It was the biggest monthly gain in three years and continues a string of accelerated job growth that began last spring.

The latest report, which marks the third month since November in which payrolls registered a net increase, further punctuates that the labor market is pulling out of . . . → Read More: U.S. Economy Likely to Net 4M New Jobs in 2010