Unemployment

Risk appetites returned in a big way in October, as equities, emerging markets, commodities and currencies all generally advanced and smartly so, recouping much of the ground lost in September. The events in the week ahead will likely set…

We got two good proxies for the economic trajectory in the US this morning at 830 AM. Jobless claims were 402,000 with the 4-week moving average now settling in at 405,500. GDP rose an annualized 2.5% in the third quarter according to the…

Cornell University professor Robert Hockett explains his paper with Nouriel Roubini and Daniel Alpert on “Moving From the Post-Bubble, Post-Bust Economy to Growth”. His prescription is one part credit writedowns, one part debt rebalancing,…

Here are the important extracts from a recent paper in terms of the causes of the crisis. I have also embedded the full pdf version, which has suggested policy prescriptions as well.

Former George W. Bush official Pippa Malmgren does a good analysis for Bloomberg of the issues important to voters and how they will play in this year's presidential election

A chart which breaks down the job losses and gains by industry

Markets choppy ahead of the US employment report; global stocks mixed, commodities softer. US economic data performance continues to outperform; Sep. Canadian employment surges. Custody holdings at the Federal Reserve for foreign central…

Since the fourth quarter of 1972 (when founded) the most important thing that the BRT does is a survey once a quarter which provides a forward looking view of the economic outlook of BRT's 140 member CEOs. One of the other major changes…

We continue to be amazed at the eagerness of the market to rally in the face of negative fundamental data. The U.S. stock market rallied today on the news that the European Central Bank is getting together with other Central Banks (Bank of…

Great graphic from the Economist. Note that 7 of the 10 are government-run. Amazing WalMart employs almost as many as the People’s Liberation Army. Gives new meaning to the “Human Wave Theory.”