March 8, 2013
Jobs +236,000, Unemployment Rate 7.7%, Part-Time Employment +446,000
Read the article: Jobs +236,000, Unemployment Rate 7.7%, Part-Time Employment +446,000
Hard hitting global and local news
Hard hitting global and local news
Read the article: Jobs +236,000, Unemployment Rate 7.7%, Part-Time Employment +446,000
An amusing poll by Rasmussen shows 63% Think Congress Can Always Make Things Worse . Poll Questions Generally speaking how do you rate the way that Congress is doing its job
Link: What’s Next for Italy? No Working Government for 7 Months, Then Elections in September
Wired reports 11 Years Later, Senate Wakes Up to War on Terror’s ‘Battlefield America’ Sen.
European bulls lauding the message “the worst is behind” received another dose of reality today. Data shows German car sales plunge as Europe’s auto crisis deepens . New car sales in Germany fell by more than 10 percent year-on-year in February, signaling the crisis for Europe’s auto makers is deepening as recession-hit consumers curb spending.
Via Email, Michael Pettis author of " The Great Rebalancing " (see "Great Rebalancing" Book Review: Two Thumbs Up ) dispels the myth that Spain and peripheral Europe are on a sustainable rebalancing path relative to Germany. Pettis writes …
Haruhiko Kuroda (Abe’s nominee to head Japan’s central bank) pledges to do Whatever Needed to Combat Japan Deflation .
Please consider China well-prepared for currency war: official . China is fully prepared for a looming currency war should it, though "avoidable," really happen, said China’s central bank deputy governor Yi Gang late Friday. A currency war could be avoided, Yi said, if policymakers in major countries observed the consensus, reached at the recent G20 meeting, that monetary policy should primarily serve as a tool for domestic economy.
Jed Graham at Investor’s Business Daily has an interesting chart showing Wage Recession Hits 5 Years; Worse Than Jobs Drought . I can show it’s even worse, but first let’s consider a chart and commentary by Graham. As bad as the current job recovery has been — and it’s by far the weakest since World War II — the recovery in wages has been far worse