Thursday, December 08, 2011

Quick Overview

  • U.S. wholesale inventories roe 1.6% in October.

  • U.S. initial jobless claims in the week ending Dec. 3 fell 23,000 to 381,000.

  • ECB cut lending rate to 1% from 1.25%.

  • Jon Corzine, the former chief of bankrupt MF Global - the eighth largest bankruptcy filing in U.S. history -- has no idea where the missing money is.

  • JPMorgan’s CEO doesn’t know what tax rate he pays

  • The Bank of England held interest rates at 0.5% and decided against more easing for the economy but more quantitative easing is expected in 2012.

  • Six members of the Walton family, heirs to the (WMT) Walmart fortune, possess wealth equal to that of the entire bottom 30 % of Americans. This according to a new analysis by Sylvia Allegretto, a labor economist at the University of California at Berkeley.

  • YoY Chinese consumer inflation fell  to 4.2%  in November from 5.5% in October and well below the three year peak it reached in July.

No comments: