In response to Floyd Norris’ defense of the virtues of...
Mr. Norris: It so happens our friend, Thane Rosenbaum, interviewed Larry Summers last night at the 92nd Street Y in New York. When asked...
Tearing Apart January 2012 NFP data
Despite the cries of the permabears and Rick Santelli, this was unequivocally a strong NFP report. The headline numbers were 243,000 net...
10 Friday AM Reads
Here’s a look at what I was reading before I started taking apart the BLS NFP data (more on that later): • Senate Votes To Ban...
Payroll data a great surprise, do we really need more QE?
The US economy added a net 243k jobs in Jan, 257k of which was in the private sector and both are well above expectations of 140k and...
NFP: Outliers Are Where Investing Risks Lay
Today we find out just how seasonal those 200,000 new jobs were in December 2011. Consensus is for employment to grow by 140,000 —...
Is It True: The Dangers of the Double-Dip
As Super Bowl fans gather around the TV and the chip bowl, some will probably be guilty of double-dipping those chips. In this latest...
Jellyfish Population Blooms?
Anecdotal evidence of enormous Jellyfish population blooms are raising questions: Are we seeing the population suddenly boom? From...
Spain & Greece
SPAIN: A bit old and the Spanish banking regulator has started to force banks to BEGIN to address the issue. However, the situation...
The History and Rationale for a Separate Bank Resolution Process
The History and Rationale for a Separate Bank Resolution Process Thomas J. Fitzpatrick IV, Moira Kearney-Marks, and James B. Thomson...