More on NFP: More Recognition of Disbelief
The WSJ’s Marketbeat reported yesterday that the latest analysis to join our skepticism on NFP is none other than Goldman Sachs:...
NFP: 88k (and I don’t believe even that)
The Payroll numbers are out, and they are not particularly pretty: 88,000 new jobs were created in April, according to BLS. This is the...
NFP: The Return of the Over?
Some time ago, we retired the Over/Under bet on the monthly NFP. The initial number gets so significantly revised, that the first release...
Auto Sales Reveal the Slow Motion Slowdown Continues
Last week, we looked at the impact of the Housing slow down on various economic sectors. When we mentioned automobiles, one of the common...
GDP Ex Housing
Despite the weather improving in March, pending sales of existing homes decreased at a seasonally adjusted annual rate of 4.9%; Sales...
Which is Performing Better, the Dow or the S&P500 ?
The short answer is, depends on how you calculate it. The results of looking at these two indices from various angles may surprise you....
GDP = 1.3%
By now, you know the GDP came in way below consensus. Given recent revision history, its very likely this will not be the final number....
GDP Data Release (and primer)
"The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid...
Which is Wrong: Data on Growth or Employment?
The WSJ’s Greg Ip is rapidly becoming a proverbial two-handed economist. Over the past week, he has written not one but two...
Just one of those oddities
How is this for weird? I have a distant cousin in the Mutual Fund business whose name is — ready? Barry Ritholz (spelleded...