Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Spain’s Unemployment Problem
Well, according to a popular urban legend, Spain’s unemployment rate - which is the second highest in the EU after Latvia - is currently running at something just a touch over 20%. Or is it? The unemployment problem I wish to address here…
Greece: Something will give, austerity or growth or both
The results are in from the poll on Greek sovereign bond default. To the question of "Will Greece default?" a plurality said "Yes, but they will stay in the euro-zone after a managed restructuring." Another 26% answered…
Down with ‘Too Big to Fail’: Angry Americans march on Wall Street
Check out nine-year old Sam talking about Wall Street pulling a reverse Robin Hood. That's either one smart or one well-rehearsed young man.
US manufacturing data look good, even inventories
The April 2010 Manufacturing ISM Report On Business® showed across the board strength in US manufacturing. The index hit 60.5 percent, a 6 year high and well above the 50 percent demarcation line between recession and recovery. The…
Links: 2010-05-03 1 million iPads and unsustainable consumption
If you would like to receive our links in real-time please follow me at @edwardnh or go to our site’s News Feed. EconomPic: Not Sustainable Apple Sold 1 Million Total iPads, Estimated 300K 3G Models Just This Weekend HotelChatter Annual…
David Rosenberg: Ten Reasons for a Dose of Caution
Markets were unimpressed with the size of the just-announced $145 billion rescue package or the ability of Greece to meet the terms. A bailout of all Club Med countries would, according to estimates I’ve seen, approach $800 billion. This…
Consumption growth continues to outstrip income growth
The BEA released US personal income and consumption figures for March today. The data show that the growth in consumption continues to outstrip the growth in personal income. Personal income increased $36.0 billion, or 0.3…
BBH CurrencyView: Dollar Begins May Firm
Highlights The US dollar is firmer across the board. The deal worked out by Greece and EU/IMF/ECB is helping to ease strains in the European debt market, but does not appear to have dealt a significant blow to those who think that…
Conan O’Brien on 60 Minutes
Conan O'Brien tells "60 Minutes" Correspondent Steve Kroft how he feels about Jay Leno.
The bailout for Greece is in
The EU-IMF package came in at 110 billion euros (80 from the EU and 30 from the IMF). It is designed to see Greece through to 2014 for the stability and growth pact 3% deficit hurdle, not 2012 as had been anticipated by many. After news of…