by Jason Apollo Voss | 10 10 2010 | Blog
Thursday the U.S. Department of Labor announced that the U.S. economy shed 95,000 jobs total (!). The huge majority of those jobs were census workers and other government employees at both the national, state and local levels. The private sector added 64,000 jobs in...
by Jason Apollo Voss | 10 10 2010 | Blog
Last week the International Monetary Fund cut its global growth forecasts for both 2010 and 2011. That staid organization now expects growth will be 4.8% in 2010 and 4.2% in 2011. That familiar culprit, the European sovereign debt crisis, is primarily to blame for...
by Jason Apollo Voss | 05 10 2010 | Blog
Good morning from cloudy Miami! You can’t help but have noticed the massive uplift in the value of the Dow Jones Industrial Averages yesterday. In case you missed the surge, the DJIA was up 193.45, or 1.8%! The first question that naturally pops into my mind is:...
by Jason Apollo Voss | 04 10 2010 | Best of the Blog, Blog
One of the first topics I covered on the blog at its inception almost two years ago was the power of capitalism’s “creative destruction.” What the heck is that? It is economist Joseph Schumpeter’s concept that capitalist economies are in a...
by Jason Apollo Voss | 02 10 2010 | Blog, Predictions
The last several days of last week saw a new crop of economic data (see my post below). Because of their inconclusive direction, that perrenial investment question needs to be answered yet again: where are we now? This situation has been in place since March of this...
by Jason Apollo Voss | 02 10 2010 | Blog
Last week saw the arrival of a freshly picked economic data crop. Let’s take a close look at some of the important data… In August U.S. consumer spending rose by 0.4%. This was the same level as for July. Analysis: While it is encouraging to see consumer...
