Last Monday began on a positive note, with both stocks and bonds posting gains. The ISM index on March manufacturing conditions rose to a better-than-expected 53.4 from 52.4. Even though manufacturing has struggled mightily, this is the 32ndstraight month of … Continue reading
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Fed Chairman Ben Bernanke woke up the markets Monday morning during a speech to fellow economists. He noted that we “can’t be sure the recent pace of improvement (in the jobs market) can be sustained.” He added, however, that the … Continue reading
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What a week! In reviewing the reports that were due last week, it looked like trouble. But who could have guessed what would happen? We may have seen the last of 10-year note yields below 2.00% for a while. Maybe … Continue reading
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A lot of blood, sweat and tears have been shed over the past several months about the possibility that Greece would default on its economic obligations, but it looks like this upcoming part of the bailout will go through. There … Continue reading
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Europe’s economic problems jumped back into the news last Monday, as did concerns about high gas prices, which could slow domestic economic growth. The German parliament is set to vote on its contribution for Greece’s second bailout, which is not … Continue reading
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The curtain closed on Act 2 of the Greek tragedy entitled “Will Greece Default?” The final act focuses on Greece’s ability to get financing from the private sector. This must be accomplished before any bailout money is released. The bailout … Continue reading
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Early last Monday Greece took a huge step to avoid default. The austerity package was passed by the Greek parliament, an essential step toward acquiring a second bailout package from the European Union, International Money Fund and European Central Bank. … Continue reading
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Word that Greece did not come up with a resolution regarding its debt crisis sank stock markets around the world on Monday, with financials taking the biggest hit. Greece is looking to private sector creditors to fund its bailout, but … Continue reading
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Greece is the word again. Ongoing talks regarding Greece’s debt crisis have thus far failed to solve the problem, and time is running out. Greece needs bailout funds from the European Union and the International Money Fund by March 20. … Continue reading
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There was little action in the markets Monday. The beginning of 4thquarter corporate earnings season began after the closing bell. These quarterly reports can lead to volatility in the stock indices but they generally don’t impact U.S. Treasuries. As has … Continue reading
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