In a report entitled “Worst-case debt scenario”, the bank’s asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems. Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether [...]

forex, inflation, Interest rates, stock market, trading strategy, US Hide

By GENEVIEVE CUA The failure of Lehman Brothers gave structured products a bad name but wealthy investors are warming to derivative-based solutions again. But events of the past year have left their mark on such products as structures are now simpler and tenors shorter. Barclays Capital’s head of investor solutions Philippe El-Asmar says issuance in [...]

investment banks, Singapore, structured products Hide

TALLAHASSEE, Fla. — Florida’s unemployment rate continued its steady upward climb in October to 11.2 percent — a mark last seen in the 1970s and a tenth of a percentage point higher than September’s adjusted rate, state officials said Friday. The number of unemployed Floridians topped 1 million in September for the first time. It [...]

unemployment, US Hide