Archive - Apr 2, 2010
March Non Farm Payrolls: +162K, Below Consensus, Unemployment Rate 9.7%, Ex-Census, Weather and Birth-Death NFP Change Is -67K
Submitted by Tyler Durden on 04/02/2010 07:32 -0500Key data points for March: change in NFP: 162K; of these - Census +48K; Weather ~+100K; Birth/Death +81: Net -67,000. Underemployment increased to 16.9%. In the meantime the dollar is surging, and the 10 Year is approaching 4.00%
Is the Threat to the Banks Over? Implied Volatility Says So
Submitted by Reggie Middleton on 04/02/2010 06:33 -0500Implied volatility for the big banks is down across the board, just about where it was before the system went into convulsions. This implies the coast is clear, as do the share prices of many banks.
Hard core forensic and fundamental analysis implies otherwise. So does the Fed's actions, which still incorporates ZIRP policy, as well as the waffling at FASB. We will either have smooth sailing from this point on out or there is a nasty surprise waiting (on and off balance sheet) for bank investors in the near future. I invite readers to weigh in with their opinions.
My (Surprise) Conversation With Paul Krugman
Submitted by Econophile on 04/02/2010 00:00 -0500I ran this bit on The Daily Capitalist last year, same time, and got nothing but grief. What do you think?
