NFP Day?
I cannot remember the last time a NFP report came out on a day when the Equity Markets were closed (Bond markets are open half a day)....
Income Gap Continues to Widen
To regular readers of TBP, this is very old news – but the significant play it has gotten recently is not. We started discussing...
Wage Surge?
David Leonhardt, in today’s NYT column, It’s the Year to Keep an Eye on Paychecks: "Before the present wage surge began,...
NFP: Watch the Comp
Last month, we retired the Over/Under bet. The monthly and annual BLS revisions have conspired to make the initial numbers all but...
Zero Sum Game (ZSG)
I was surprised at the reaction to the Zero Sum intro yesterday. I keep forgetting there are lots of bad memes and worse ideas that have...
NFP: much ado about very little
The dismal set has gotten all hot and bothered over the preliminary ADP data, thought by some to be an early read on the NFP report....
GDP Up, Wages Stagnant
As expected, GDP was up nearly 5% in Q1 2006 — the 4.8% rise comes on top of the "tepid" 1.7% gain in Q4. Once again,...
Compare and Contrast: Millionaires versus 18 – 40 ...
We’ve run numerous stories discussing the decline of the middle class in the US. Historically, the middle class as we have come to...
GDP versus Wages
The wealthiest quintile’s total wages income are down 8.3% after taxes? That counter-inutitive statement is shown in the chart...
Anticipating Consumer Slow Downs
On Wednesday, we noted that the consumer had become increasingly leveraged. Yesterday, we looked at the relationship between consumer...