July 2010

Highlights The US dollar is mixed ahead of the monthly jobs data.   It is generally consolidating yesterday’s losses against the European currencies and Japanese yen, while slipping against the dollar-bloc.  The increased…

via Dvice.

Below is a very entertaining interview with Howard Davidowitz on financial reform and the credit crisis with Aaron Task and Henry Blodget of Tech Ticker (hat tip Scott). Davidowitz says don't expect any substantive changes, especially…

These charts were compiled by Pimco via data collected from the Federal Reserve and Credit Suisse. They show that U.S. companies are earning record amounts of money but are not re-investing it. Instead, companies are hoarding cash.…

On jobs, labour mobility and the stickiness of wages Macroeconomics Doubtbook, Installment 3, Arnold Kling | EconLog | Library of Economics and Liberty The Usual Fare AppleInsider | Apple sued over iPhone 4 reception issues…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). Federal Reserve economist Kartik Athreya has written what all Federal…

US data have been disappointing.  The weekly initial jobless claim increase has been followed by a weaker than expected ISM manufacturing report.  The ISM fell to 56.2 from 59.7. The consensus had anticipated a smaller decline to…

From the IMF to the G20, from bloggers to Nobel prize winning economists, there have been calls for the major developed countries to reduce deficits and stabilize debt to GDP ratios.  The idea is that if this is done properly it need…

From the BEA. Gross Domestic Product (GDP) would have been, on average, 2.7 percent, or $301.5 billion higher between 1998 and 2007 if research and development (R&D) spending was treated as investment in the U.S. national income and…

Highlights The US dollar is mostly lower.   The euro is the strongest of the majors, gaining across the board.  The week’s high was set on Monday just below $1.24 and unless this is taken out, it simply seems like range…