The Latest Job Calamity—Mostly Home-Made
The Latest Unemployment Report from the National Jobs for All Network
1696 articles
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Wednesday's Recommended Reading
On China's stimulus, by a (sort-of) insider. Interesting how the author faces up to some serious problems,
Labor Leader To Head New York Fed
Yves Smith thinks it's a gimmick, but one that may have some unexpected consequences. Tuesday, August 25, 2009
Today's Indicators
US new home sales increased almost 10% more than forecasted in July, and, perhaps more important, unsold inventories dropped to
Fed Ordered To Disclose Emergency Loan Details
From Bloomberg (the plaintiff, no less): Court Orders Federal Reserve to Disclose Emergency Loan Details By Mark Pittman Aug. 25
Changed Relation between Intellectuals and Poor
Interesting Guardian piece by David Edgar, formerly of Marxism Today: In the new revolution, progressives fight against, not with, the
Yves Smith: Banks Sitting on Bad Mortgages
More reason to view Case-Shiller data with caution: increased buying activity is only one side of the problem. Naked
Senate Republicans To Block Health Co-ops
According to this Financial Times report. Co-ops are a totally insufficient substitution for the less-than sufficient public option
More on Craziness of China's Stimulus
From The Financial Times. Here's a taste: This was thanks largely to the government's Rmb4,000bn
Today's Indicators
US Consumer Confidence surges above 50 in August; considerably fewer say jobs "hard to get." Go figure. In
It's Better than the Alternative
...to wit, nominiating Lawrence Summers. From Reuters: Obama renominates Bernanke as Fed chief Tue Aug 25, 2009 9:55am EDT
China To Keep Lending
This is just weeks after asserting (or emphasizing?) the contrary. The Chinese are really dancing on a tightrope, here. I
Strange Things Afoot in the Bond Market
From Bloomberg: Bond Bears Dumping Two-Year Treasuries Defy History (Update3) By Oliver Biggadike and Daniel Kruger Aug. 24 (Bloomberg)