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As of 02/08/10

Nolte Notes

Bank Earnings and
Economic Data Not So Hot

We may have gotten our answer posed last week with the thud heard on Wall Street this week; earnings at the banks are not that great and neither is the economic data, giving the equity markets a bad case of the flu! Housing continues in a funk, with starts declining (again), although those looking at the glass half full would say that permits (a leading indicator) rose – potentially providing some good news in the months ahead. Read more

Economy News

Daily Global Commentary

Total Continuing Claims
Post New High

Initial jobless claims were virtually unchanged at 434,000 during the week ended January 2 compared with the 433,000 reading of the previous week. Continuing claims, which lag initial claims by one week, fell 179,000 to 4.802

0 million. The insured unemployment rate declined to 3.6% from 3.8% in the prior week. Read more

US Economic Outlook

Staggered Return to Global Growth

We are ushering in 2010 on a note of guarded hope, unlike the dawn of 2009 when great apprehension about the global economy was the predominant theme. Three broad aspects stand out as the curtain closes on 2009. First, recession is now a matter of history. Second, massive financial sector blowups are mostly behind us, but smaller yet significant tempests cannot be ruled out. Third, an arduous economic recovery is nearly certain. Read more

Global Economics

Source: Bloomberg
(As of 10/29, Updated monthly)