by Jason Apollo Voss | 09 05 2010 | Blog
This afternoon it was announced that the International Monetary Fund approved a three-year $38 billion loan to Greece. The loan is the single largest amount ever given by the IMF to a single country. The loan is a portion of the monies being lent to Greece, with the...
by Jason Apollo Voss | 09 05 2010 | Blog
Because there is a potential for financial market panic regarding the bailout of Greece, as well as other struggling European economies, the members of eurozone economies are conducting emergency meetings. So far there is not much to write about other than the usual...
by Jason Apollo Voss | 07 05 2010 | Blog
In April the United States added 290,000 jobs, far, far more than the 180,000 jobs economists had been expecting. What’s more, March’s originally reported increase of 162,000 has been revised upward to 180,000. Despite these job adds the unemployment...
by Jason Apollo Voss | 06 05 2010 | Best of the Blog, Blog
The news today is sure to be replete with stories of the almost 1,000 point drop in the Dow Jones Industrial Averages. That is pretty close to a 10% drop. Ostensibly the stock markets value the worth of U.S. businesses. Can anyone out there reading this honestly...
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...
