New filings for unemployment benefits dropped to another post-recession low last week, the Labor Department reports. The case for expecting economic growth, in other words, just got a bit stronger.
Daily Archives: March 22, 2012
Strategic Briefing | 3.22.12 | Is The Euro Crisis Over?
Draghi Says Worst of Debt Crisis ‘Is Over,’ Bild Reports
Bloomberg | Mar 21
European Central Bank President Mario Draghi said the worst of the sovereign debt crisis is over, Germany’s Bild newspaper reported, citing an interview. “The worst is over, but there are still risks,” Draghi was quoted as saying. “The situation has stabilized. The important indicators for the euro zone, like inflation, current account and above all the budget deficits, are better than, for example, in the United States.” Investor confidence has returned and “the ball is now with governments,” Draghi said, according to Bild. “They must sustainably secure the euro zone against crises.”