Tuesday, September 13, 2011

Quick Overview

  • Greek 10 year yields at 24%. German Chancellor Angela Merkel rejected the idea of a hasty bankruptcy by Greece.

  • The dry bulk market kept its upward momentum to reach 1901 a new high for the year.

  • In the euro area, the unemployment rate was  unchanged for the second consecutive month at 10.0%. The high unemployment rates are in Ireland, Portugal, the Slovak Republic and Spain which are hovering at 14.5%, 12.3%, 13.4% and 21.2% respectively.

  • Australia’s business confidence index dropped 10 points to minus eight in August.

  • France's CPI rose by 0.5% in August.

  • (AP) James Murdoch is being recalled for another grilling before Britain's Parliament after former News Corp. executives raised serious doubts about his role in the country's tabloid phone hacking scandal.

  • [AP] - The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing.

  • The ranks of the poor in the U.S.  rose to nearly 1 in 6 people last year. The number of uninsured rose to 49.9 million, the biggest in over two decades.
  • Median household income in the U.S. at  $49,445 is down 7.1% adjusted for inflation from 1999 peak.
  • Obama Announced a 1 year extension of the trading ban with Cuba.

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