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The Weight of Financialization

By |2014-03-27T11:43:11-04:00March 27th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

With both the final revision (for now, benchmarks still to be re-estimated numerous times) for last quarter’s GDP estimate and the news that jobless claims “unexpectedly” fell, the idea of recovery is making rounds again particularly in the context of spring (the season). BusinessWeek sums it up best: Applications for U.S. unemployment benefits unexpectedly declined last week to an almost [...]

The Dead Jobs Horse

By |2013-09-11T15:39:40-04:00September 11th, 2013|Markets|

The JOLTS survey this week showed pretty much the same bleak employment environment as we have seen throughout 2013. On a seasonally adjusted basis, the rate of new job openings declined significantly from July (-180k), and now stands at a level first reached in March 2012. If job openings are at all indicative of corporate labor appetite, then there really [...]

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