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Jobless claims: 558,000 for week ended August 8
The Unemployment Insurance Weekly Claims Report was released this morning, showing a slight increase in initial jobless claims to 558,000. Continuing claims came in at 6.2 million, down from 6.3 million the week before. All of…
News from around the web: 2009-08-13
The last post started as my news round-up but morphed into something more. Here are the news stories for this morning. I expect posting to be light again today. Cheers. Edward Economist's View: Wrong Message Obama should…
Looking beyond the fake recovery
I have been taking a bit of a break as my trip to the Ontario’s Lake Country winds down. It’s a beautiful place. But, as Marshall Auerback and I were lamenting, it has become the Hamptons of Canada as everyone from Toronto is up…
News from around the web: 2009-08-11
Posting will be light today as I will try not to be near a computer for most of the day. In the meantime, here are a few stories from around the web. Town Hall Crowd Shoots Health Message: Caroline Baum - Bloomberg.com Interview with…
Slow long-term growth, and government’s response
This entry from Gary Shilling comes via John Mauldin’s site InvestorInsight.com where he highlights commentary from some of the best economic thinkers. Shilling, who correctly predicted problems in residential real estate in the US, is in…
Revisiting employment indicators for signs of recovery
If you recall, at the end of May, I wrote a post “Both initial claims and continuing claims now pointing to recovery” that said jobless claims data were pointing to an imminent recovery. The general gist of my argument was recovery…
Blodget interview with “the man who destroyed my Wall Street career”
This new period of boom-bust makes for some very strange bedfellows. Below is the video of Henry Blodget, the former Oppenheimer and Merrill Lynch Technology analyst, talking to Eliot Spitzer, the former New York attorney general who…
More trouble in the Baltics as S&P downgrades
Both Latvia’s and Estonia’s debt ratings were downgraded by Standard and Poors. Estonia was cut from A to A-, while Latvia was cut to BB+ to BB - its considered high yield securities aka junk bonds. This should come as no surprise as…
Midday Reading: 2009-08-10
Posting has been light as I have been on holiday. However, I expect to have a few posts out later today. In the meantime, here are a few links from around the web. Edward Quelle Surprise! Hank Paulson and Goldman CEO Talked to…
News from around the web: 2009-08-08
The liquidity pipes remain clogged - Gillian Tett Parallels to Japan yet again As Economy Turns, Washington Looks Better – David Leonhardt, NYTimes.com Could July's employment report be a boon for Obama? What…