The European Central Bank (ECB) is signaling that they are contemplating cutting rates again in the coming months.
Greece notified the ECB today that they have reached an austerity agreement.
These are good developments. IF (BIG IF) both come to fruition this should go a good ways towards reducing the economic risk of the market.
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
Ph: 225-342-0013
From: John Broussard
Sent: Thursday, February 09, 2012 7:38 AM
Subject: It's The Economy Stupid: Jobs, Jobs, Jobs
Okay, another good jobs number. Don’t get caught up in the number, recognize the trend. Employment is trending upward. Unemployment is trending downward.
That is a very good thing.
Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
Initial Jobless Claims | FEB 4 | 370K | 358K | 367K | 373K |
Continuing Claims | JAN 26 | 3500K | 3515K | 3437K | 3451K |
Bloomberg Consumer Comfort | FEB 5 | | | | |
Wholesale Inventories | DEC | | | | |
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
Ph: 225-342-0013
Fx: 225-342-9721
Email: jbroussard@treasusry.state.la.us
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