April Payrolls solid but old news?
Payrolls were strong, rising 290k, 100k above estimates and the private sector saw a gain of 231k, 131k higher than expected. The 2 prior...
NFP = +290,000
BLS: Nonfarm payroll employment rose by 290,000 in April, the unemployment rate edged up to 9.9 percent, and the labor force increased...
European parliaments move to pass Greek bailout
While expected, the 6am release that the German lower house of parliament (upper votes later) voted overwhelmingly for the Greek aid...
Big NFP Data Coming ?
While we await a better understanding if exactly what happened yesterday, let’s remember that today is a NFP day. March...
Do Not Press THIS Button
Prior to yesterday’s 15 minute 700 point whoosh, US markets were downover 3%. The losses — briefly — tripled. This is...
Was Today’s Plunge Really Just a Mistake?
Good Evening: The major U.S. stock market averages were all down more than 3% today, but after our markets suffered a harrowing afternoon...
Down How Much?
I just landed in LaGuardia from Dallas, and was surprised to see the Dow was down 1,000 points today. To clarify the 100% cash position,...
Is Quantitative Easing In The ECB’s Future?
<Click on chart for larger image> • Bloomberg.com – Weber Draws Battle Lines as Pressure Mounts on ECB Bundesbank President...
Thoughts on the SEC, 1977 Edition.
Mike Konczal is a fellow with the Roosevelt Institute, and is a blogger at the Rortybomb Blog and New Deal 2.0. ~~~ Thomas Frank on Porn...