Unemployment

The data flow out of Europe today is pretty bad. German factories orders missed and unemployment rose to record levels in France and Greece. Meanwhile the IMF admitted that Greece's delayed debt restructuring "provided a window for private…

While the recent data have pushed the Fed's QE withdrawal timetable out, the latest Fed statements indicate a level of hawkishness on tapering QE that we haven't seen in the last few weeks. This jobs report is shaping up to be a key data…

Economic growth is good. But what we want to see is job and wage growth to complement the asset-price growth. Without this catch up on the job and income front, the economy is on an unsustainable course.

As I have ben predicting here for months, the problems in individual large European economies have become to large to bear for the prevailing European policy mix. Therefore, today, in releasing the next year's country specifici…

I don't think it's a big secret that I believe Greece will eventually leave the eurozone. I have said this repeatedly. But I have also written that I do not believe that Greece would attempt to do so while Europe's economic crisis is…

By Marc Chandler The US jobs report offered a pleasant surprise after the string of mostly disappointing data. Private sector employment rose 165k and the Feb and March series were revised up by 114k jobs. The 3-and 6-month averages now…

Earlier in the week, ECB German board member Jörg Asmussen delivered a speech on the challenges of the economic crisis for countries in Central and Eastern Europe. The part which caught most people's eyes was his commentary on Latvia and…

There have been three recent developments in Spain: the new record high unemployment, the earnings reports of several large banks, and the government's new fiscal forecasts and strategy. Spanish 10-year yields continued to trend lower…

In the wake of the Reinhart-Rogoff controversy, there is certainly going to be a push forward toward stimulus. And Spain is going to be a leading player here. The problem for Spain is that the country is beset by deflationary forces from…

In his daily commentary today, Andy Lees of the Macro Strategy Partnership noted that, "the US macro surprise index is now -7.90, the European index is -69.20 and the G10 index at -32.8." What he is saying is that the data are weakening and…