2010

by Comstock Partners The headline numbers for changes in non-farm payroll employment are significantly overstated according to our examination of the data in the Bureau of Labor Statistics (BLS) website. This occurs as a result of the…

This is a must-see video that runs 30 minutes. Take the time to watch the whole thing. It is a real coup that CNBC got Grantham on their program.  Overall, Grantham's view is the same as mine. The Fed should get out of trying to use…

I will be on RT TV America tonight at 1745 ET talking about the G-20 and the Deficit Commission. Tomorrow morning at 1200 GMT (7AM ET), I will be on BBC World News saying more about the G-20. I hope I have something positive to say…

The Fed, for whatever reason, has induced a shift in private portfolio preferences simply by talking about something.  But I think the point commentators like the Pragmatic Capitalist make is indisputably correct.  The policy…

Price declines have the strongest effect on foreclosure rates; unemployment is secondary. The foreclosure document mess is temporarily slowing foreclosures.

UPDATE: 12 Nov 2010 - More press accounts are confirming that, indeed, a bailout is in the offing. The British have signed up for it as well despite insisting that this is a euro zone problem. But they needed to get on side to show…

This is a cross-post from New Deal 2.0. On the eve of President Obama’s arrival to the G20 talks in South Korea, a growing chorus of voices is questioning the direction of U.S. monetary policy. Germany’s finance minister, Wolfgang…

Ireland was the first country to offer a blanket guarantee to it’s banks’ depositors. I welcomed this move as a necessary step to restore confidence. However, there are two problems associated with it. As Willem Buiter has…

The US dollar is little changed against most of the major foreign currencies and is mostly firmer against the emerging markets.  The two main exceptions are the euro, which, while holding above yesterday's lows, continues to…

Merkel Prepares for G-20: 'Our Export Success Shows How Competitive German Products Are' - SPIEGEL ONLINE China raises bank reserves as cash inflows surge | Reuters Back to a Gold Standard? - Room for Debate - NYTimes.com Too big to…