Wall Street Roundup: Jobs are up. So are bankruptcies
Bad bankruptcy numbers. A report to be released Friday shows that a record number of people filed for personal bankruptcy in March -- 158,000 of them.
Chinese leader's visit. Commentators are trying to divine the economic meaning behind the impending visit of Chinese President Hu Jintao to the United States. Most onlookers are guessing that it bodes well for the currency spat between the two countries.
The return of risk. Since the mortgage meltdown, investors have allowed the government to take on the risk of backing mortgages and turning them into securities. Now, though, the Wall Street Journal detects the first signs that the private sector is beginning to securitize mortgages, as was common before the crash.
-- Nathaniel Popper