by Rebecca Wilder Chart for the day: Growing on Imports Or should I say barely contracting on imports. In the traditional sense, growth in imports does not make a whole lot of sense. Normal economies import and export things, such that statistical agencies subtract the dollar amount of things that are made in other economies but […]
by Rebecca Wilder Follow up to yesterday’s post: Euro area consumption and Investment in Q2 2013 Yesterday I illustrated the unsustainable accounting growth engine of imports occurring in the euro area (EA). Today I’ll present more of a forward looking analysis on private domestic demand within the euro area: consumption and investment. If current levels of […]
by Rebecca Wilder Unhealthy developments across the euro area labour market There are many ways to define rebalancing within the euro area: relative prices, trade, productivity, unit labor costs, etc. I’d argue that one could see it in the employment data as well, although it will take a long time to work its way through. Basically, […]
by reader rjs Employment Summary: 195,000 Payroll Jobs Added in June; Household Survey Shows 432,000 More are just Working Part Time On its face, the headline increase of a seasonally adjusted 195,000 new jobs reported by the Bureau of Labor Statistics in its June Employment Situation Summary was a respectable monthly increase and better than […]
by Linda Beale Another Reason to Ditch the Capital Gains Preference–Games Lawyers (and Hedge Funds) Play Bloomberg today covers a story about another tax-shelter ploy by hedge fund billionaires to make themselves even richer at the expense of ordinary Americans who will have to pony up more (or be beset by a bigger deficit) when […]
by Rebecca Wilder State GDP shows a manufacturing rebound in 2012 State GDP shows the following in 2012: durable goods manufacturing and finance and insurance are primary drivers of cross-sectional growth. This confirms the national story, according to the BEA. A state-level breakdown shows strong (a surge in) economic activity in North Dakota, Oregon, Texas, and […]
by Tom aka Rusty Rustbelt Health Care Thoughts: Obamacare Fail The Obama administration has delayed a key portion of the program, the 50+ regulations for employers on providing insurance and on the quality of insurance provided. So why the delay? 1) The administration could not explain its’ own rules and definitions, especially on seasonal workers […]
Lifted from comments from reader Juan: Where Did the Risk Go? How Misapplied Bond Ratings Cause Mortgage Backed Securities and Collateralized Debt Obligation Market Disruptions Joseph R. Mason. Louisiana State University – Ourso School of Business; University of Pennsylvania – Wharton Financial Institutions Center and Josh Rosner, Graham Fisher & Co. May 3, 2007 […]