Because it Happened in the 1950′s???
We know its early, but here’s our odds-on favorite to win the “screwy logic of the year” award: Deutsche Bank economist Joe LaVorgna. Joe cuts his expected year-end forecast for the unemployment rate...
View ArticleLatest Data Show Percolating Prices
A little perspective on today’s economic data: - January CPI “completes a trifecta of inflation reports that showed both overall and core inflation ahead of expectations,” RDQ Economics writes. “The...
View ArticleEverything That’s Wrong With America Today (Excluding Charlie Sheen and...
Sorry you lost your job, kid. Here, have a Fresca. I seem to recall that one of the selling points for the government bailouts in the wake of the Panic of 2008 was that the private sector had to be...
View ArticleFun with Monthly Jobs Report Revisions
Watching crude oil futures climb above $100/barrel this afternoon got us talking in the newsroom about what happened to the economy the last time oil bubbled up to these levels in 2008. That led us to...
View ArticleWho’s Afraid of the Big, Bad Wolf?
US stocks rallying sharply as the market just isn’t interested in worry today, and there are more signs the labor market is improving. DJIA surges 191 (1.6%) to 12258, its best one-day gain (points and...
View ArticleMarkets Hub: Jobs, Oil Pressure Stocks
Stocks are under pressure from the combination of an incrementally better jobs report and crude oil prices pushing the $104/barrel mark.
View ArticleCrude’s Rise Will Cost Jobs
Peter Morici, an economics professor at the University of Maryland, is putting a price on the rise in crude prices in terms of jobs lost, and while you can quibble with his math if you like, and he...
View ArticleNo Sense of Urgency to Hire
Seems as if corporations feel more cautious than the investors who have bid up their stocks lately, with companies content to conservatively bide their time sitting on loads of cash. “Healthy profits,...
View ArticleBetter Jobs Report, Not Perfect
Warm reception for the improvement in the March jobs report, and Dow Indutrials surge to a 2011 high. Good to see 216,000 jobs added, unemployment rate down a tick, but the report wasn’t without its...
View ArticleMarkets Hub: March Jobs, Nasdaq/ICE & NYSE
Paul and I talk about the March jobs report, outlook for jobs and NY Fed’s Bill Dudley with Mesirow Financial economist Diane Swonk. Dave Kansas then offers some perspective on Nasdaq/ICE bid for NYSE...
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