16 April 2010

Economics Update

Beyond L'affaire Goldman, it's a slow news day

We have the Reuters/University of Michigan consumer confidence survey falling, and applications for building permits up sharply in March.

The oil and currency numbers are really about the Goldman Sachs enforcement action by the SEC, which raised concerns about the economy, and this uncertainty has pushed oil down, and the dollar up, on a concern about demand and demands for safe havens respectively.

0 comments :

Post a Comment