- Markets had one of their best months ever last month, but CDS prices on major banks returned to a new high. Does this seem consistent to you?
http://baselinescenario.com/2009/03/31/will-the-real-geithner-plan-please-stand-up/
- Case-Shiller shows house prices off sharply in January, not much of a surprise.
http://www.calculatedriskblog.com/2009/03/case-shilller-prices-fall-sharply-in.html
- ADP unemployment numbers for March at 742,000, significantly over expectations and February numbers. Not a record in terms of percentage but the number is a record high.
- Obama supports government backed Chapter 11 for GM and bankruptcy for Chrysler. This could be the end for Chrysler.
- The Organization for Economic Cooperation and Development (OECD) has its economic forecasts out and they are more pessimistic than the "more adverse" version of the stress test being used by the U.S. government on financial institutions. Go figure:
http://www.calculatedriskblog.com/2009/03/comparison-oecd-and-more-adverse.html
Disclosures: None
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