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Continue reading here: China Manufacturing PMI in Contraction: New Orders and Operating Conditions Decline at Strongest Rate in a Year
View post: Venezuela to Nationalize All Food Distribution, Increase Public Wages 30%
Via translation from Les Echos, May 2, 2015: Poll shows 75% of French Do Not Expect Improvement in Unemployment until 2017 .
Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected; Four Reasons Economists Perplexed Economists have been overly optimistic on the majority of economic reports for going on six months. Today the Bloomberg Consensus estimate for construction spending was for a 0.4% gain. The actual result was a decline of 0.6%
Read the article: Investigating the GDP Deflator: Wildly Differing Results Depending on Your Choice
Read the original: Employment Compensation Costs (Wages and Benefits) Jump in First Quarter
Prior to this plunge, LinkedIn had a market cap of $31.74 Billion. Why?
View original post here: Fed Cites Weather, "Transitory" Factors in FOMC Statement; No Hat Tricks; What About Consumer Sentiment?
Let’s dive into the First Quarter 2015 (Advance Estimate) report for details. The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE) and private inventory investment that were partly offset by negative contributions from exports, nonresidential fixed investment, and state and local government spending
View article: Costco vs. Walmart and Reader Responses Over Minimum Wage