Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
And so after that epic 5.0% Q3 GDP print, driven largely by Obamacare, the payback begins, and the annualized Q4 GDP print, which came in at nearly half the previous quarter run rate, or 2.6%, is about to tumble by another ~0.5% following the just released trade data for December which saw a 17.1% surge…
It all makes perfect sense. Challenger announced this morning that layoffs in January soard 17.6% year-over-year with planned job cuts at the highest level in almost 2 years… Jobless claims in Shale states continues to trend higher as oil prices collapse… but initial jobless claims beat expectations – hovering near cycle lows – though did…
Employers cut 53,041 jobs in January as the energy industry slashed positions in the face of falling oil prices, Challenger, Gray & Christmas reported. Layoffs hit nearly 2-year high in Jan: Challenger – Yahoo Finance.
If you have been a regular reader of mine, you are probably familiar with several things about me: First, you know I have been a steadfast bull during the entire rise in the stock market. It isn’t that I am such a genius or especially lucky. I just would rather not guess when the bull…
By MARTIN CRUTSINGER AP Economics Writer5:38 a.m.Feb. 5, 2015 In this Jan. 12, 2015 photo, a workman moves along a commercial construction site in Philadelphia. The Labor Department reports its first estimate for productivity in the fourth quarter of 2014 on Thursday, Feb. 5, 2015. (AP Photo/Matt Rourke) WASHINGTON (AP) — U.S. worker productivity went…
More people sought unemployment benefits last week, but the number of applicants remained near historic lows in a positive sign for job growth. The Labor Department said Thursday that weekly applications rose 11,000 to a seasonally adjusted 278,000. The four-week average, a less volatile measure, fell 6,500 to 292,750. That average has plunged 15 percent…
Over the years we have had our fair share at the epic social(ist) experiment that is Venezuela. Below is a random selection of stories over the past years or two, which truly capture the essence of Venezuela’s socialist revolution: Unfortunately, the country whose president two weeks ago said that “Venezuela Must Deepen Socialism To Improve…
Feb. 3, By Christian Murray The city has plans to develop thousands of affordable apartments over the Sunnyside Yards. Mayor Bill de Blasio, during his state of the city address today, said that he aims to build 11,250 affordable units over the yards and said that the housing could cater to more than 30,000 people….
article start Several large banks eased mortgage lending standards at the end of 2014 amid softer demand, including for loans that were eligible for purchase by Fannie Mae or Freddie Mac, a Federal Reserve survey found.Still, nearly 85% of banks said underwriting standards remained basically unchanged, while 14% said credit standards eased somewhat from October…
German Chancellor Angela Merkel has ruled out cancelling any of Greece’s debt, saying banks and creditors have already made substantial cuts. But Mrs Merkel told the Die Welt newspaper she still wanted Greece to stay in the eurozone. Greece’s left-wing Syriza party won last weekend’s election with a pledge to have half the debt written…