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March 14, 2010: Economic/Market Week in Review

Posted by Larry Doyle on March 14th, 2010 9:31 AM |

No rest for the weary given the slew of developments on Wall Street, in Washington, and around the world. That said, are the markets getting tired or are they preparing to receive another jolt of government caffeine?

Welcome to our Sense on Cents Week in Review where I provide a streamlined recap of the major economic data and news, along with month-to-date market returns.

ECONOMIC DATA
Overall, we did not receive a lot of economic news this week but what we did receive was decidedly mixed (although that is not exactly how it was presented). Let’s navigate.

1. Jobless Claims: remained stubbornly high at 460k jobs. Congress extended unemployment benefits until year end as the long-term unemployed remain at extremely high levels. This structural unemployment receives little media attention, but is THE critical issue in our economy. (more…)






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