Submitted by unsettling economics
An article today in the front page of the Sacramento Bee’s business section quotes a director of a community development fund it works in low income neighborhoods on the subprime crisis: “I want to know how many people are going to jail.”
At the same time, Jeffrey Skilling, late of Enron, judging from […]

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Submitted by CARPE DIEM
One bright spot in today’s BLS employment report is found in Table A-9 - the median duration of unemployment fell to a 15-month low of 8.1 weeks in March 2008, the lowest level since December 2006, and matches the third lowest level in more than six years (see graph above). That means […]

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Submitted by Econbrowser
As informative as the nonfarm payroll employment numbers were, of even more interest to me are the revisions. Figure 1 depicts payroll employment estimates from the January (blue), February (red) and March (green) releases.

Figure 1: Nonfarm Payroll Employment, in thousands, seasonally adjusted. Source: BLS, various releases, via St. Louis Fed FRED II. Note […]

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Submitted by The Capital Spectator
Another day, another symptom of recession to digest.
Today’s statistical confirmation is brought to you by the monthly change in nonfarm payrolls, which lost ground in March, reports the U.S. Labor Department. Meanwhile, unemployment popped up to 5.1% last month from 4.8% previous, pushing the jobless rate to its highest since May […]

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Submitted by EconWeekly
“Americans delay retirement as housing, stocks swoon” was the headline of a recent story in the Wall Street Journal (WSJ). As a description of what’s going on, it should be taken with a rock of salt.
According to the front-page article, “millions of retirement-age Americans, stung by the recent economic pall, suddenly are having […]

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Submitted by Econbrowser
This is the second of two posts (first can be found here) based on the Craig Hiemstra Memorial Lecture that I’ll be giving in San Francisco on Friday. There I’ll be discussing some ongoing research I’ve been doing with Mike Owyang of the Federal Reserve Bank of St. Louis on regional propagation of […]

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Submitted by CARPE DIEM
CHICAGO SUN-TIMES–Are Chicagoans trekking to the suburbs to buy cases of bottled water — and avoid a new nickel-a-container tax that adds $1.20 to the price of a 24-pack? Or are they making the switch to tap water to save money? One or the other is happening. Maybe both.
Revenues from Chicago’s new […]

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Submitted by CARPE DIEM
THE ECONOMIST–Bold re-regulation could damage the very economies it is designed to protect. At times like this, the temptation is for tighter controls to rein in risk-takers, so that those regular, painful crashes could be avoided. It is an honourable aim, but a mistaken one.
A sophisticated and innovative financial system is […]

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Submitted by CARPE DIEM

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Submitted by CARPE DIEM

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Submitted by CARPE DIEM
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Submitted by A Dash of Insight
Investors in stocks have the wind at their backs.  The long-term increase in technology and productivity rewards the owners of companies as well as the workers.
Fundamentals
When “Mr. Market” seems unaware of this progress, the potential investor gets an opportunity for a bargain.  At “A Dash” we believe that there are […]

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