Thursday, February 9, 2012

RE: It's The Economy Stupid: Jobs, Jobs, Jobs

 

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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