From the monthly archives:
To all you currency market watchers out there, how about that yen/dollar exchange rate? The yen is flying against the buck, moving up by as much as 3 yen or so to 91.81 (The chart above shows the yen futures). On a percentage basis, this is the biggest gain for the yen that I can [...]
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The American Bankers Association just released its latest look at quarterly delinquencies for a wide variety of consumer credit products. Here’s a peek at what the group’s numbers showed:
* The composite index that tracks delinquencies on all products rose to 3.23% in Q1 2009. That was up ever so slightly from 3.22% a quarter earlier, [...]
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Bloomberg has a great pair of stories on economic stimulus and the locus of economic power in the world. The first piece chronicles how Obama administration adviser Laura Tyson gave a speech urging a second economic stimulus package. She suggested the first stimulus was too small and that the economy “is a sicker patient” than [...]
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The June employment report was just released by the Labor Department. Here’s what the data showed:
* Total nonfarm payrolls fell by 467,000, That was much worse than the forecast for a reading of -367,000. Net revisions to the past couple of months lowered the job loss tally by 8,000. Still, job losses were widespread in [...]
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Mortgage applications dropped sharply in the week of June 26. The Mortgage Bankers Association’s application index (chart above) plunged 18.9% to 444.8, the lowest level since late November. The refinance index tanked 30%, while the purchase index slipped 4.5%. This occurred despite the fact mortgage rates dropped for the third week (to 5.34% from a [...]
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