European markets took a big hit today, obliterating any hope generated by yesterday's rally. Contagion is back, baby! ... Italy and Spain led the downward trend, with the latter index briefly down over 4 percent. Yields on Spanish government bonds continued to push...
Finance
Is the Fed Promoting Recovery or Desperation?
A lengthy beating to the Fed begins: On Friday, the Department of Labor reported that March non-farm payrolls increased by 120,000, falling well short of consensus expectations in excess of 200,000. ... On the payroll front, our present expectation is that April job...
Fioretti: Not So Fast Rahm
Mayor Rahm Emanuel’s plan to have five financing giants bankroll $1.7 billion in Chicago infrastructure projects ran into opposition Monday from aldermen concerned about “hidden fees” and long-term leasing of city assets. During closed-door briefings with aldermen,...
Illinois Teachers’ Pension Troubles
It's important to note that this fund do NOT include CPS teachers. Illinois public school teachers and retirees could have reason to worry about the kinds of pension checks they will be getting down the line. ... The Springfield State-Journal register reported over...