Philip Chua Business Blog

Posts Tagged ‘recovery’

Chairman Bernanke’s testimony this week stated the increasingly obvious reality of this recovery “Notwithstanding these positive signs, the job market remains quite weak, with the unemployment rate near 10 percent and job openings scarce.” Meanwhile, the Obama administration projected 9.8 percent unemployment at the end of this year. On the…

The global recovery trade (aka the reflation trade) took a serious stumble this past week as a spate of disappointing US data suggested the US recovery is in greater jeopardy than previously thought. As the largest national economy, the US setbacks undermine the global outlook, which was already under pressure…

Week after week, we continue to see evidence that the recovery in the U.S. economy is underway. Indeed, this morning’s advanced retail sales report showed that consumer appetite for spending is on the mend, rising 0.5% in January. Compared to year-ago levels, sales were up 4.7% on the month. Although…

The dollar has surged to an 8-month high against the euro, and is also rising against other currencies. Its strength could start damaging the fragile U.S. recovery.

United States – European Union – Gross domestic product – Greece – Government

Only in our foggy memories do past economic recoveries appear clear and obvious to the trained mind. Since our minds are still in training the current recovery appears uneven, unbalanced and uncertain. The theme of the Gross Domestic Product (GDP) report and recent data is one of uneven recovery. We…

THE bottom fell out of the local stock market yesterday as a combination of fears took grip – worries over China’s bank lending restrictions which apparently could choke off a recovery, and an unstable Wall Street which has been rocked by fears of radical banking reforms.

Besides the twin fears, there was added pressure from a slight firming of the US dollar, raising ‘carry trade’ concerns where… more

Verizon said it is facing a slower-than-expected economic recovery and plans to cut 6 percent of its workforce, adding that it forecasts only a modest rebound in late 2010.

Verizon Communications – Verizon – Business – Apple – VZ

Treasury yields fell across the curve this week as the latest economic snapshot conveyed a picture of tepid U.S. recovery, still-benign underlying inflation pressures and a Fed that is poised to remain on the sidelines for quite some time to come. A successful 30-year auction on Thursday – which showed…

Stocks got carried away about the recovery.









Business – Investing – Stocks and Bonds – Equities – Markets

The U.S. faces a major hurdle on its road to recovery: The mismatch between the skills among the millions of people who are losing jobs and those needed for jobs being created.







Manufacturing – Employment – Business – Job Search – Business and Economy