We have gotten the unemployment and jobs data for the month of May from the Labor Department, and the data is very mixed on unofficial numbers. The report came in at 9.4% unemployment and the change in non-Farm Payrolls came in at -345,000. Expectations varied. We had 9.2% as the expecte ... Read more
FINTAG COMMENT Risk. I use a number of risk tools that produce lots of reports. There are two risk systems - one for trading and the other to keep our analysts busy. Most of them are about as useful as smothering butter on the skin to stop sunburn. But as with a lot of life, we want to have the edg ... Read more
Over at VoiceofSanDiego.org I've put up a two-parter explaining why I believe a protracted period of deflation is an exceedingly unlikely outcome. No Deflationary Spiral Forthcoming, Part 1 No Deflationary Spiral Forthcoming, Part 2: Counterpoints (These articles comprise a very slig ... ... Read more