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Currencies
As of 11/19/09

Currency		U.S. $
1 ¥en	=	0.0112
1 Euro	=	1.4848
1 Can $	=	0.9329
1 U.K. £	=	1.6502
1 AU $	=	0.9118
1 Swiss Fr.	=	0.9810

Inflation Adjuster

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Nolte Notes

Low (or zero) Interest Rates to Remain the Same

by Paul Nolte | November 16, 2:42 PM PST

Paul Nolte Damn the torpedoes and full speed ahead! At least that seems to be the reaction of the financial markets to not only the good news, but the bad as well. The G20 over the past weekend reiterated the comments from the US Federal Reserve that low (or zero) interest rates will be the order of the day until further notice – meaning it will not pay to keep money in short-term instruments and in order to get any return, investors will need to accept risk. Read more

Economy News

Daily Global Commentary

October Employment Report: Headline Jobless Rate is Troubling, but it is a Lagging Indicator

by Asha Bangalore | November 6, 3:11 pM PST

Asha Bangalore Civilian Unemployment Rate: 10.2% in October vs. 9.8% in September, cycle low is 4.4% in March Payroll Employment: -190,000 in October vs. -219,000 in September, net gain of 91,000 jobs after revisions of payroll estimates for August and September.
Hourly earnings: $18.72 in October vs. $18.67 in September, 2.4% yoy increase vs. 2.5% yoy increase in September, cycle high is 4.28% yoy increase in Dec. 2006. Read more

US Economic Outlook

Inflation and Deficits – What Might Milton Friedman Have to Say?

by Paul Kasriel | October 16, 3:17 PM PST

Paul Kasriel Before getting started on this month’s essay, I would like to say something about last month’s chart show. I received a number of favorable comments about the different format. I have to admit that my ego was bruised a bit. I thought you liked my prosaic prose. My ego notwithstanding, I will try to give the customers what they want more often – just not every month. The reason for not providing a chart show every month is that not enough changes that frequently to warrant such.Read more

Global Economics

Country	GDP	CPI	Central Bank Rate	Money Supply
	(Y/Y%)	(Y/Y%)	(%)	(Y/Y%)	Aggregate
Australia	0.6	1.3	3.25	11.06	M3
Brazil	-1.16	4.34	8.75	16.17	M2
Canada	-4.6	-0.9	0.25	2.00	M3
China	8.9	-0.8	5.31	28.37	M2
France	-2.8	-0.4	1.00	2.72	M3
Germany	-5.9	0.1	1.00	6.16	M3
India	6.1	11.72	3.25	19.40	M3
Japan	-7.2	-2.2	0.10	0.12	M4
Mexico	-10.3	4.89	4.50	12.86	M4
Russia	-10.9	10.7	10.00	-8.60	M2
South Korea	0.60	2.20	2.00	7.73	M3
Spain	-4.2	-1.0	1.00	1.98	M2
Switzerland	-2.1	-0.9	0.25	7.72	M3
United Kingdom	-5.2	1.1	0.50	10.89	M4
United States	-2.3	-1.3	0.25	5.22	M2

Source: Bloomberg
(As of 10/29, Updated monthly)

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