Unemployment

The US dollar is mostly firmer across the board ahead of NFP; equities and commodities softer. US NFP to determine cyclical tone ahead of quiet week; USD/JPY & USD/CHF likely to decline. UK PMI ebbed, euro zone PMIs revised higher;…

The immediate problem is the excess capital investment and the costly maintenance of the projects it has spawned. Longer-term, Asia's growth prospects look good.

Is China currently rebalancing? The currency has been appreciating, the PBoC has hiked interest rates four times, and wages have been surging. Because of all of this I am often asked if China has finally begun the long-waited rebalancing…

Unemployment insurance for 21st century in the form of a jobs program could end the malinvestment and predations of politicians and foster a strong economy. We need jobs but we must be mindful of predator state capitalism. My proposal below…

Nonfarm payroll employment rose by 244,000 in April, and the unemployment rate edged up to 9.0 percent.

Dollar pares back some of its gains ahead of NFP; risk appetite marginally improves NFP is likely to surprise to the downside but a “big miss” needed for a large market move Commodity currencies remain in focus; RBA signals potential rate…

Voters in Iceland have rejected their government’s attempt to foist on them the costs of bailing out foreign creditors. Should voters in Ireland too?

Recent data suggest we are at the point where energy prices are creating demand destruction. Economic growth has slowed to below 2.% in the US. Further, ISM data suggest that companies are at the breaking point in their ability to absorb…

In the week ending April 30, the advance figure for seasonally adjusted initial claims was 474,000, an increase of 43,000 from the previous week's revised figure of 431,000. The 4-week moving average was 431,250, an increase of 22,250…

Today marks the first time we are witnessing a regularly scheduled news conference by a Fed chairman in the Federal Reserve's 98-year history. Most reactions to Ben Bernanke's performance were positive, meaning he reiterated the themes he…