Good news!! HSOA is waiving the fee for no impounds in CA effective today, May 3, 2010!!
Over the weekend, the European Union and the International Monetary Fund (IMF) announced a support package of $110 billion for Greece. This in an effort to stem the steep drop in European bond prices, which is causing interest rates to spike. So, you may think this is only European tax money on the hook, but the IMF receives support from all major economies, including the U.S. So, good for you---after supporting the bailout of many U.S. companies you are now helping with the European bailout.
This week’s economic calendar is heavy with important data, culminating with Friday’s employment data. As of today, economists are projecting the U.S. economy added approximately 180,000 new jobs. This morning, we saw data that manufacturing accelerated last month and consumer spending increased for the sixth straight month.
Bond prices are retreating from Friday’s rally, and have given back most of the gains—even in the face of continued uncertainty in Europe. Expect another week of volatility.
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