Did Someone Spray the "Greenshoots" with Roundup?
Sadly, I will not be filling this diary up with depressing graphs (I haven’t figured how to do that yet), but I will attempt to depress you nonetheless. You see, it appears that all of the much...
View ArticleThe Real Recession Isn’t Close to Over
This is a response to a recent recommended diary that is implies that the recession is coming to a close. While it may be true that the NBER (National Bureau of Economic Research) may in fact call an...
View ArticleThe unemployment data was still bad
The BLS report came out today with a surprising .1% drop in the unemployment rate to 9.4% (U-6 is at 16.3%), which many here and elsewhere are proclaiming is a turnaround in the employment situation....
View ArticleThe Recession is Over, Long Live the Recession
It appears quite likely that we are going to get a positive print on the Q3 GDP number along with a very likely call that the recession ended sometime this summer (although the NBER, who calls...
View ArticleEconomic Recovery or Double Dip: Data to Watch
Unfortunately the community here lost one of it's great (and preeminent) economic writers (hopefully just temporarily) over the economic debate between recovery and further collapse. In light of that...
View ArticleBernanke to be Reappointed, and Here's Why
Today, President Obama will announce that he will reappoint current Federal Reserve Chairman to a second four year term. My guess is that this was a very easy decision and I will highlight the reasons...
View ArticleCash for Clunkers Failed, but Ended the Recession
We now have the seasonally adjusted annual rate of auto sales (saar) for August and it shows that cash for clunkers (c4c) was likely a big failure. This failure, however, won't prevent it from ending...
View ArticleAn Unemployment Primer Before Tomorrow's Report
I thought I would provide a bit of a primer on the economic data that will be released tomorrow for non-farm payrolls and the unemployment rate in an attempt to reduce the confusion many on this blog...
View ArticleBreaking: Today's Unemployment Report and a Primer
Today's report has been released. And this was a relatively bad report, as the unemployment rate ticked up to 9.7% and more importantly, the employment-population ration moved down to 59.2. Neither...
View ArticleWhen Will We See Job Growth?
The one thing we seem to argue a lot about here is the state of the economy and whether a recovery is forthcoming. I am firmly in the camp that the technical recession is in fact over and think we...
View ArticleAn Abysmal Jobs Report
Today's employment situation report was abysmal by almost any standards. Yes, we are definitely off the worst levels of the recession and have avoided a collapse into economic chaos, but this report...
View ArticleFree Trade Isn't to Blame for Job Losses; Technology Is.
Or, Were the Luddites Just Too Early? There seems to be more and more talk about our decline in manufacturing prominence and its relation to outsourcing/off-shoring, but these arguments always gloss...
View ArticleGDP is up 3.5%, The Recession is Over
GDP grew by 3.5% in the third quarter of 2009, beating the general consensus estimate of 3% and essentially putting an end to the recession (although that won't come officially from NBER for a while,...
View ArticleUnemployment Rate cracks 10%
The unemployment rate hit 10.2% today. The report overall appears to be a bad one, bu the numbers are actually a little deceiving, as the BLS changed the seasonal adjustment factor, which made the...
View ArticleWere Jobs Actually Added Last Month?
I am cross-posting my diaryfrom Bonddad Blog here as a sort of educational piece on the Employment Situation Summary that was released yesterday from the BLS. The real interesting part of this (and it...
View ArticleDid the Economy Actually Add Jobs Last Month?
I am cross-posting my diary from Bonddad Blog here as a sort of educational piece on the Employment Situation Summary that was released yesterday from the BLS. The real interesting part of this (and...
View ArticleYou Can't Cherry Pick the Jobs Data Floyd Norris
An absolutely ignorant piece on the October jobs report was published yesterday by Floyd Norris where he essentially cherry picks his data and completely ignores seasonal adjustments.
View ArticleObama's Sudden Concern for our National Debt
The Wall Street Journal has an interesting article out today discussing utilizing unused TARP funds to pay down the deficit and the potential for either spending cuts or freezes across the board. The...
View ArticleI Thought Conspiracy Theory Diaries Were Banned: The Federal Reserve is Not...
A diary currently on the rec list is an embarrassment to this site for its description of the federal reserve system and links to conspiratorial sites that are essentially describing the Fed as either...
View ArticleAlan Grayson's Right, The Federal Reserve is Ruining the Country
Alan Grayson among others have been spot on recently with calls to open up the books of the Federal Reserve and show exactly what they are doing/have done with various asset swaps and bank injections...
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