Initial Claims Not Great but Not as Bad as Claimed

by Lee Adler, Wall Street Examiner The media exhibited much consternation today as economists’ consensus guess on first time unemployment claims turned out to be way too optimistic this week. That raised two questions in my mind. Was the number really that bad, and even if it was, does it matter? The Labor Department reported …

China Analysis: The Paradox of South China Sea Naval Strategy

Guest Post by Rodger Baker and Zhixing Zhang, Stratfor Editor’s Note: Econintersect has periodically posted in it’s news blog the confrontations in the South China Sea.  This Stratfor analysis fills in the some of the blanks in knowledge. Over the past decade, the South China Sea has become one of the most volatile flashpoints in …

Notes on European and USA Bank Exposures

by Elliott Morss There is a lot of talk about bank contagion and exposures resulting from the Eurozone crisis. There is much less talk about the high unemployment rates and other hardships being forced on the weaker Eurozone countries by the ECB/IMF cadré. But for now, let’s focus on bank contagion and exposure. What do …