Economy

U.S. downgrade hurts other bond classes

Debt Crisis Update Despite its resolution, the U.S. debt crisis has dampened investor mood and battered the U.S. financial markets. Fear continues to stalk various asset classes across the board, none more so than municipal and state bonds. The proposed spending cuts at the centre of the debt deal could leave state and local governments […]

By Vikram Barhat |August 23, 2011

3 min read

Philadelphia Fed data point to recession

If you look at the manufacturing numbers in the Atlantic states, the U.S. is likely already in a recession.

By Philip Porado |August 18, 2011

2 min read

U.S. sees stagnant jobs market, rising inflation

There was some disconcerting economic news out of the U.S. this morning, with job growth stagnating and inflation on the rise.

By Wire services |August 18, 2011

2 min read

German economy stalls as leaders meet

As the markets recover from the downgrade of America’s long-term debt, attention has turned back to the Old World. European leaders are debating the usefulness of a common euro-bond as a means of propping up the increasingly rickety monetary union. The key question is over Eurobonds is who will be left holding the bag on […]

By Wire services |August 16, 2011

2 min read