March 1. Could Mideast type unrest happen here

–Vol fell as shorter dated notes rallied, in part due to Fed POMO of $6.6 bln.  Implied vol softer.  
–Today Bernanke is before Congress for semi-annual testimony.  ISM expected 60.5 from 60.8.  
–This doesn’t have anything to do with the markets (for now), but…”Nation of Islam leader Minister Louis Farrakhan predicted on Sunday that America faces imminent uprisings that mirror those in the Middle East.
“What you are looking at in Tunisia, in Egypt … Libya, in Bahrain … what you see happening there … you’d better prepare because it will be coming to your door,” Farrakhan said in a booming voice, thousands of followers cheering in his wake.
Farrakhan also called on President Barack Obama to allow protesters to march, urging the president not to attack innocent people when they do. (from Chicago Tribune).  Farrakhan made these remarks in Chicago.,0,1665375.story
–While only 7.8% of white people in the city are unemployed, Latinos face a 13.3% unemployment rate, and African Americans a staggering 21.4%. This is the highest unemployment rate for African Americans in the ten largest cities in the country.
–Chicago’s black population fell the most, nearly 17 percent. Today, blacks make up 33 percent of the city’s population, down from 36 percent 10 years ago.
Hispanic population grew 3.3 percent in Chicago during the decade. But that’s less than the birth rate, meaning it’s likely that Hispanics also are leaving the city for the suburbs. Non-Hispanic whites now comprise 32 percent of the city’s population, while Hispanics of all races make up 29 percent.

Posted on March 1, 2011 at 9:32 am by alexmanzara · Permalink
In: Eurodollar Options

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