by Jason Apollo Voss | 03 03 2010 | Blog
The gigantic payroll firm Automatic Data Processing (ADP) reported jobs data this morning. Namely, that there were 20,000 private sector jobs lost in February. Economists had been expecting a loss of 50,000. Analysis: The financial markets are likely to hail this as...
by Jason Apollo Voss | 27 02 2010 | Blog
Yesterday the National Association of Realtors released its January data regarding sales of existing home sales. That is, the sale of used homes. The number was down 7.2% from December. This, despite the fact that U.S. government home buying incentives remain in...
by Jason Apollo Voss | 26 02 2010 | Blog
You may hear in the business media this morning that fourth quarter GDP was revised upward from an initial reading to 5.7% to 5.9%. While the figure was revised up, all of the increase came from components other than consumer spending. In fact, at the time of the...
by Jason Apollo Voss | 23 02 2010 | Blog
Wow! The Conference Board reported this morning that its calculation of February Consumer Confidence plunged a whopping 10.5 points, down to 46.0. This is the lowest level since April 2009. This mark is dramatically lower than the level expected by economists of...
by Jason Apollo Voss | 23 02 2010 | Blog
Yesterday saw numerous worker strikes taking place in the EU’s two most important economies: France and Germany. In France workers of oil giant, Total, went on strike. While in Germany employees of the airline Lufthansa went striking. Analysis: Several weeks...
