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Bernanke Expects Downward Revisions In Jobs?

By Jeffrey P. Snider|2013-07-11T11:47:58-04:00July 11th, 2013|Economy, Federal Reserve/Monetary Policy, Markets|

Chairman Bernanke stole the show yesterday, certainly by his accommodative and now contradictory stand. I suppose that is the danger in trying to talk “markets” toward “targets”, much like Greenspan in the late 1990’s. Toward that end, he made at least one prediction that will likely come true (in sharp contrast to the Fed’s history), namely that the unemployment rate [...]

Where There’s Structural Smoke, There’s Economic Fire

By Jeffrey P. Snider|2013-06-12T16:37:29-04:00June 12th, 2013|Economy, Markets|

Following up on this morning’s analysis of structural changes in the automobile markets globally, we see the same structural observations in the labor markets. If there does exist a strong relationship between household income and auto demand, and it is pretty clear that one does, what we find in employment trends is unsurprising. The latest jobs report, including revisions to [...]

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