by Jason Apollo Voss | 06 05 2010 | Blog
Another piece of economic data was reported today, retail sales. While the numbers were disappointing to some, this is only in comparison to high expectations after a robust March. Actual same-store retail sales were up 1.7%. Analysis: While some folks may be...
by Jason Apollo Voss | 06 05 2010 | Blog
The Department of Labor reported that initial jobless claims fell this week by 7,000 to 440,000 total initial claims filed. The four week moving average barely changed, falling 4,750 to 458,500. Analysis: Obviously the economy, now basically recovered, has to start...
by Jason Apollo Voss | 06 05 2010 | Blog
U.S. productivity for the first quarter was up 3.6%. This compares to the previous quarter’s revised gain of 6.3%. Analysis: I have written at length on the blog about the difference between economic growth as measured by gross domestic product and what I refer...
by Jason Apollo Voss | 05 05 2010 | Blog, Worst of the Blog
The month of April saw private sector jobs grow by 32,000 according to payroll giant ADP. Economists had expected a gain of only 20,000. What’s more, February to March employment data were revised to show an increase in employment of 19,000 from a decline of...
by Jason Apollo Voss | 05 05 2010 | Blog
As predicted, the Greek debt crisis continues to send aftershocks throughout the global financial system. I have detailed for you all of the ways in which the EU and IMF bailout could fail and regardless of success, could bring about the end of the EU. Yesterday in...
