Archive - Mar 31, 2010

And just to make the miss a little more palatable, February was revised from -20K to -24K just to not show a double dip inflection point. Also, keep in mind the increasingly largest employer, the US Government, is not accounted for. Next up: Friday NFP and a +200,000 consensus, of which February snow counter-adjustments and census is about pretty much all of that.

• Asian stocks decline on concern rally may overvalue earnings; Yen weakens.
• Australia gives in-principle approval for Nomura unit to set up 2nd Australian stock exchange.
• Australian retail sales and building approvals unexpectedly tumbled by 1.4% in February.
• Consumer confidence in US improves, Home Prices climb amid job optimism.
• Greece plans to sell a global bond in dollars to help raise 11.6 billion euros.
• Ireland's banks will need $43B in capital after 'appalling' lending.
• Japanese business sentiment approaches pre-crisis levels, Tankan may show.

RANsquawk 31st March Morning Briefing - Stocks, Bonds, FX

This is a very meaty piece, written for those who are serious about the true state of affairs in sovereign Europe as NOT reported in the mainstream media. Though not necessarily for freshmen, it is more than worthwhile for those who want to know what is not being said.

Economic contagion begets financial contagion, which will spread across much (if not most) of Europe, causing further economic contagion. This is what is written on the tea leaves in Ireland.

RANsquawk 31st March Morning Briefing - Stocks, Bonds, FX etc.