Global Macro Perspectives
A short look to the yesterdays jobless claims which came out at 502k vs. 512k consensus and 512k the week before. Again a edge down, but still high. Asia ended mixed, small moves in different directions, Europe is trading flat at the moment. German Q3 GDP growth came at 0.7% vs. 0.8% consensus and o.4% […]
U.S. Government support to the housing market could claim another victim – The FHA. WSJ stories: Housing Agency Reserves Fall Far Below Minimum; The FHA’s Bailout Warning. The odds are U.S. government would have to step in once more because failing to react would add another leg to the housing downturn. We have witnessed that […]
Bloomberg story: Hedge Fund Veteran Horseman to Step Down After Loss. I can understand this guy he was acting on the data coming out and not on empty media stories and politician talk.