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Economy
Chart of the Day: Employed and Unemployed Persons, Household Survey
There has been a lot of controversy about today's employment situation summary because of comments by Jack Welch, the former GE CEO. Welch suggested on Twitter that the Obama Administration had manipulated the household survey data to give…
US Jobs Report: Something for Everyone, though Still not Enough
By Marc Chandler
The US jobs report was decidedly mixed. There was good and bad news but the bottom line is that the data is still too weak for the Fed to even consider ending its unconventional policy. The economy created a net 114k jobs…
Iran now in economic turmoil
By Win Thin
Recent developments in Iran are worth discussing. We feel that with Middle Eastern political risk on the rise lately, Iran is more likely to have the largest impact on global markets, while escalating tensions between Syria…
When Career Risk Reigns
I have been an observer of financial markets, and of those who operate within the markets, for almost 30 years. I have never before experienced investors paying more attention to career risk than they do at present. A preoccupation with…
Why negative nominal rates may be the Fed’s next big move
This crisis has broken a lot of economic taboos, with central banks buying up assets and expanding their balance sheets in a desperate effort to reflate a debt-laden private sector. The goal is to maintain economic growth, even at the risk…
Roubini on the new G-0 world and too big to fail banks as worse than ever
Nouriel Roubini and Ian Bremmer were on “Bloomberg Surveillance” this morning talking about the economy and the upcoming election in the U.S. A partial transcript and video are below. The headline story is that Nouriel believes that too…
Full text: Ben Bernanke’s Speech at the Economic Club of Indiana
Editor's note: the following is the text of a speech given by Federal Reserve Board Chairman Ben Bernanke at the Economic Club of Indiana earlier today.
Five Questions about the Federal Reserve and Monetary Policy
Good afternoon. I am…
Ten Macro Observations to End The Week
By Marc Chandler
The US dollar is going into month and quarter end on a soft note. The greenback had been generally firm against most of the major foreign currencies, but the Japanese yen, since around mid-month, but the news stream…
Rajoy was hoodwinked and now Spain faces a debt deflationary spiral
Two weeks ago I told you that Spanish Prime Minister Mariano Rajoy’s humiliating defeat to Merkel had narrowed options to sovereign bailout, monetisation or default for Spain. Now that the Spanish bank bailout is unraveling and Catalonia is…
On optimism in the face of deflationary crisis responses, part 2
This is a brief follow-on to the last post on whether we should be optimistic, in particular now that the US housing market is improving. If you think about it, the problem now is that all debtors - public and private - are taking the…