Economic Indicators

  • Economic Indicators

    The Real Unemployment Number

    Good morning. Officially the February jobs number declined by 63,000. But the expansion of government jobs conceals the real damage our economy has suffered. Net out the government jobs and you have private sector employment contracting by around 101,000 jobs. Making matters even worse, average hourly wages have gone up 5 cents, fueling fears of […]

    / Mar 7, 2008 at 9:17 AM
  • Economic Indicators

    Nothing To See In The Economic Data. Please Move Along.

    The government is shutting down its online clearing house of U.S. economic data. is maintained by the Economics and Statistics Administration of the Department of Commerce. It brings together data from various government agencies in one convenient place. Readers can see GDP and import-export figures, which are collected by the Bureau of Economic Analysis, […]

    / Feb 15, 2008 at 12:49 PM
  • Economic Indicators

    Who Let The Dogs Out?

    We’ve been wondering how long it would take for someone to link the surprising results of the Westminster Kennel Club Dog Show to the stock markets.—the Parade Magazine of money sites—takes a stab but just comes up with an article about health insurance for dogs. Next! Fortunately MarketBeat’s David Gaffen has discovered something far […]

    / Feb 13, 2008 at 1:33 PM
  • Economic Indicators

    Sports Illustrated Market Indicator

    The markets have been off to a rocky start this year but maybe the bulls can breath a sigh of relief now that the Sports Illustrated Swimsuit issue is on the newsstands with Marisa Miller on the cover. The folks over at Bespoke Investment have run the numbers and created a Sports Illustrated Swimsuit Issue […]

    / Feb 12, 2008 at 3:31 PM
  • Economic Indicators

    The Confidence & Spending Crisis: A Modest Proposal

    The latest consumer confidence numbers are raising fears that the unwashed masses of the what this once American republic—convinced, perhaps, that Heath Ledger’s death portends bad signs for our economic health—might not spend their allegedly economically stimulating government checks quickly enough or in the right ways. They may, it is feared, decide to save for […]

    / Jan 29, 2008 at 11:16 AM
  • Economic Indicators

    The Big “R”

    Oil costs like a billion dollars a barrel now. And, according to a Bloomberg survey, 2/3 of the American public think we’re headed for a recession. Of course, the “American public” is kind of dumb. As Barry Ritholtz says, they’ve predicted 9 out of the last four recessions. But just because you’re stupid doesn’t mean […]

    / Oct 26, 2007 at 11:54 AM
  • Economic Indicators

    Jobs For Everyone!

    A couple of times we’ve mentioned that many financial markets have been behaving as if August never happened. Well, in many ways it didn’t. The Fed reversed the August 7th decision on interest rates. The quant funds reversed polarity and returned to warp speed. The huge hedge fund redemptions weren’t. And now that negative jobs […]

    / Oct 5, 2007 at 9:12 AM
  • Economic Indicators

    This Time If A Bell Rings At The Top, It May Be Ringing In A Phone Booth

    We’ve seen some pretty crazed advertisements in phone booths. One was for a consultant who would help you learn to operate your Apple computer. Since Apple’s interface is about as user-intuitive as it gets—it just works—if you can’t operate it on your own, you probably can’t use the phone to call the consultant either. Financial […]

    / Sep 7, 2007 at 12:33 PM
  • Economic Indicators

    Indicators Indicate that Some Stuff Indicative of Slow Growth

    The Conference Board, with 90 years of trusted insights into generic nomenclature, released its monthly report today. The U.S. leading index climbed in July, which suggests that economy is going to grow, but at a snail’s crawl. This is good news because crawling is better than stagnation or retreat, and you need to crawl before […]

    / Aug 20, 2007 at 11:04 AM
  • Bears, Economic Indicators

    More Bears in Bulls’ Clothing

    Much like the record bearishness of equity research analysts, the fact that investment newsletter editors are considerably more bearish than they have been in the last couple of years may be a sure sign that the market still has legs. Evidence, from the New York Times: The Hulbert Financial Digest, which has been tracking the […]

    / Jun 26, 2007 at 2:51 PM
  • Amaranth, Economic Indicators, Economics, traders

    The Definition of A Genius Trader

    Gary North, in the middle of a long column warning that the inverted yield curve is telling us a recession is on the way, touches on the Amaranth meltdown and the illusions of trading geniuses. There is a temptation that faces investors who happen to buy into a market just before a major rise. They […]

    / Oct 5, 2006 at 12:49 PM
  • Economic Indicators

    Actually Barry, We Think It Might Be Your Job To Proofread the NYT Business Section

    We’ve said it before and we don’t mind repeating ourselves. Barry Ritholtz takes down financial writers like it’s his job. This time he’s taking on an article from Sunday’s New York Times in which Ed Yardeni tells us to ignore the reported numbers on jobs growth because, well, uhm, because so many economists thought the […]

    / Jul 31, 2006 at 9:22 AM
  • Economic Indicators

    Is It Just Us, Or Does Europe Seem a Little Edgy Lately?

    The average retail price of a gram of cocaine in the US jumped 19% in 2005, rising to $103.7 from 87.3 the year before, according to a story which a source claims ran on Bloomberg yesterday.* Prices were far cheaper in most of Europe (except the Scandinavian countries), which makes us wonder whether the price […]

    / Jul 26, 2006 at 2:01 PM
  • Economic Indicators

    Stagflation? Inquiring Searchers Want to Know

    Are we headed into stagflation? While most of the business media seem skeptical to apathetic about the question, the term is certainly haunting the minds of people using Google search. Take a look at the Google Trends charts for stagflation after the jump.

    / Jun 14, 2006 at 3:23 PM
  • Economic Indicators

    Barry vs. Cody

    The Big Picture blogger Barry Ritholtz has been engaging Cody Willard on todays unexpected low employment numbers. Willard says that Ritholtz’s argument that the last couple of years have been a jobless recovery is wrong. But those are the details. It’s Rithholtz’s response that caught our attention. Hey Cody, please cite me some data revealing […]

    / Jun 2, 2006 at 1:46 PM
  • Economic Indicators

    “Buyout packages? We don’t need no stinking buyout packages!”

    Last week General Motors, in an effort to staunch its financial bleeding, offered buyout packages to over 100,000 of its hourly workers. Today’s Times brings the revelation that, under GM’s Jobs Bank, many of these men are quite often paid full salary and benefits to sit around watching television, chatting, and playing dominoes. This is […]

    / Mar 28, 2006 at 7:09 AM
  • Economic Indicators

    Number of American Millionaire Households Grows to 8.9 Million!

    “Spirit, take me back! take me back to 1982, when being a millionaire actually meant something…” New Rise in Number of Millionaire Families [NYT]

    / Mar 28, 2006 at 6:20 AM
  • Economic Indicators

    Sales of New Single-Family Homes Drop by 10.5% in February!

    New Home Sales Plummet in February [AP]

    / Mar 24, 2006 at 11:56 AM
  • Economic Indicators

    It Ain’t Easy (Subsisting on Noodles)

    Chinese peasants were up in arms, billions of them, in fact, when earlier this month a nefarious noodle cartel hiked the price of their staple food by four cents, a material increase for these people, who live on about sixty dollars a month. Today’s New York Times reports that things are now getting worse for […]

    / Mar 23, 2006 at 5:26 PM
  • Economic Indicators

    “Manufacturing base? We don’t need no stinking manufacturing base!”

    Delphi, General Motors and the United Auto Workers have reached a deal to offer early retirement packages to 113,000 hourly laborers. Workers taking packages will receive anywhere from $35,000 to $140,000, depending upon their years on the line. The first ten thousand workers to accept this package will also receive a lifetime supply of Wonder […]

    / Mar 22, 2006 at 1:50 PM
  • Economic Indicators

    What Year Is It, Again?

    This morning’s headlines: · Silicon Valley Start-Ups See Cash Everywhere [WSJ] The market for high-technology start-up businesses is so intense in Silicon Valley that some companies are being showered with millions of dollars from investors — without even asking for it. · Is the Next Silicon Valley Taking Root in Bangalore? [NYT] BANGALORE, India, March […]

    / Mar 20, 2006 at 8:35 AM

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