The overall climate is much improved from a year ago, and everyone can be thankful for that.

Well another week has gone by and another Friday is upon us. This week may not have been as busy as last week’s frantic pace, but there were still plenty of economic reports of note. Even beyond the major economic reports we’ve come to follow, there were several major financial and corporate stories in the news worthy of note. Overall economic reports are giving increasing hope to the idea that while the bumps and bruises aren’t over, a general world economic recovery might be on its way.

The Treasury has made an announcement that bailed out firms will have a pay limit to executives. The majority of executives who run bailed out companies will be limited to $500,000 in pay until all the borrowed funds are paid back. Amazingly, this wasn’t the financial news story that grabbed the most attention in the American press as the SEC has made a statement that they would “vigorously pursue” charges against Bank of America.

Many corporations who borrowed bailout funds are already re-paying them, and in general the last several weeks of reports have been far better than at the same time a full year ago. Last week brought a huge number of financial reports to attention, and while this week is a little less overwhelming, there are still plenty of important reports that have affected the Forex markets this week and are going to continue to do so.

So now that the news channels are taking a break from economic fear mongering and the whole “Rome is burning” style of reporting, just grab a morning cup of coffee, kick back, and enjoy this week’s installment of the week in review.

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