_Economy and Finance

Money is money's brother. - Italian Proverb

http://www.thespaceplace.net/market-trends/ Market Insight Market Statistics & Trends : 1st Quarter 2013 Below is information about the trends in San Francisco Bay Area office space rents, leasing and vacancy rates. San Francisco Asking Rent . Asking Rent Direct Space / Full Service Asking Rent Sublet Space / Full Service End 1Q2013 $39.00 $37.84 End 4Q2012 $38.37 $35.89 End 3Q2012 $36.88 $34.18 End 2Q2012 $36.16 $33.93 End 1Q2012 $36.63 $32.47 End 4Q2011 $32.33 $31.32 End 3Q2011 $30.83 $28.48 End 2Q2011 $30.29 $24.76 End 1Q2011 $29.46 $25.12 End 4Q2010 $28.58 $23.64 End 3Q2010 $29.78 $21.28

http://www.ft.com/cms/s/0/f500c4ca-9196-11e2-b839-00144feabdc0.html#ixzz2oulR8fcu March 29, 2013 7:43 pm Renshaw Bay to provide calm in credit storm By David Oakley and Patrick Jenkins When Bill Winters, the former number two at JPMorgan Chase, found himself a slick office for his new investment venture last year, there was a seedy downside. The site in an up-and-coming street in the heart of London’s West End overlooked a brothel. The view – now obscured by frosted glass – was a colourful change of vista compared with the bland City offices he overlooked at JPMorgan’s European headquarters.

Jobless claims rise, but GDP data shows more growth By Jason Lange WASHINGTON | Thu Mar 28, 2013 12:43 pm EDT (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, but not enough to suggest the labor market recovery was taking a step back. http://www.reuters.com/article/2013/03/28/us-usa-economy-jobless-idUSBRE92R0DN20130328

Natural Gas: Time to Short or Not Just Yet? Published: Thursday, 28 Mar 2013 | 9:32 PM ET By: Drew Sandholm Producer Natural gas shot up 20 percent in the first quarter, its fourth straight quarterly gain, begging the question — can this hot streak continue? http://www.cnbc.com/id/100601504

Chile: Signs of Growth Slowdown Nader Nazmi - Market Economics Latam Macro Snapshot | 28 Mar 2013 13:33 | Manufacturing output and retail sales growth decelerated in February and the unemployment rate edged up two ticks to 6.2%. February data are providing partial evidence that the slowdown in activity from unsustainable levels that the central bank has been anticipating (and hoping for) may be finally happening. As such, they reduce the likelihood that monetary tightening will be required in the months ahead to cool the economy.

U.S. High Yield Default Insight The U.S. high yield par default rate continues to track closely to the 2012 year-end rate of 1.9%, At the end of February, it slipped modestly to 1.8% (mostly due to the market's larger size), and we project a similar level for the first quarter. March has added filings from gaming operator Revel AC, Inc. and phone directory publisher, Dex Media, and two missed interest payments from oil and gas company GMX Resources and healthcare concern Rotech. These add an estimated $1.5 billion to the year's default tally of $2.8 billion through February. An update of default, recovery rates and other metrics can be found by clicking on the report link below. Fitch Ratings