The week’s top news in world financial markets from Maximus Capital

Jul 02, 2009

USA As the FOMC prepares to meet this week, there is increasing evidence that the recession is ending and that a return to positive growth is imminent. One of the best real-time indicators of economic activity is initial jobless claims. At or near the end of recessions, initial claims begin to fall significantly, and that is happening now. So far in June, initial claims are running 50,000 below their level in March, the largest decline since the post-Hurricane Katrina plunge in 2005. If h ...

password reminder