April 25, 2013 | Daily JAM, Morning Briefing |
Government numbers released this morning show that Spain’s unemployment rate hit 27% in the first quarter of 2013. The 6.2 million unemployed is the highest on record. Spain’s economy contracted by 1.9% in 2012 and is projected to shrink by another 1.6% in 2013. The government of Prime Minister Mariano Rajoy is expected to respond to the slowdown and the increase in unemployment by introducing another round of government budget cuts tomorrow
February 13, 2013 | Daily JAM, Morning Briefing |
This morning’s EuroZone news is focused on the terrible economic news from Portugal—but, frankly, I’m much more worried by the steady flow of bad news from France. France’s national auditor warned yesterday that the country is likely to miss its deficit target for 2013
April 26, 2012 | Mid Term, You Might Have Missed |
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April 21, 2012 | Uncategorized |
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April 19, 2012 | Daily JAM, Morning Briefing |
Borrowing costs did continue to rise with the yield on the benchmark Spanish 10-year bond climbing to 5.743% from 5.403% at the last auction in January. But Spain sold 2.54 billion of 2- and 10-year debt.
January 5, 2012 | Mid Term |
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November 22, 2011 | Uncategorized |
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November 21, 2011 | Daily JAM, Morning Briefing, Short Term |
You’ve got your choice of bad news today-and global stock markets have decided to react to it all
November 17, 2011 | Daily JAM, Morning Briefing |
Today’s auctions of Spanish and French debt don’t go well–does the European Central Bank have a choice besides massive intervention as French yields climb?
November 10, 2011 | Uncategorized |
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