by Jason Apollo Voss | 11 03 2010 | Blog
In case you are new to the blog, let me repeat a formula that I use frequently. Gross Domestic Product, alias the economy, is measured as: Consumer spending + Investments by businesses + Government spending + eXports, net. In other words, GDP = C + I + G + X. Today...
by Jason Apollo Voss | 11 03 2010 | Blog
This morning weekly initial jobless claims fell by 6,000. A gaggle of economists had expected a drop of 9,000. Analysis: Another week, another weak jobless number. The economy just is not adding jobs at this point and the only reason that the unemployment rate...
by Jason Apollo Voss | 06 03 2010 | Blog
Jeffrey Immelt, the CEO of General Electric, passed on taking a cash bonus in 2009. This marks the second straight year in which he has skipped his cash bonus. Needless to say, I consider Immelt’s choice to be appropriate corporate behavior. His total...
by Jason Apollo Voss | 06 03 2010 | Blog
I hope that wherever you are that Spring is beginning to spring. Here in Santa Fe, we can finally see the ground completely for the first time since November. Whew! It has been a long winter, even longer for American workers… Yesterday the Department of Labor...
by Jason Apollo Voss | 04 03 2010 | Blog
The Department of Labor reported that initial jobless claims fell last week by 29,000 to 469,000. Meanwhile, the four-week moving average which is designed to smooth the volatility in the data, fell 3,500 to 470,750. Analysis: I am neutral about this information. ...
by Jason Apollo Voss | 04 03 2010 | Blog
Thomson-Reuters (a newswire agency) reported today that its gauge of retail sales in the month of February was up 4.0% vs. 2.9%. Retail sales have now been up 6 months in a row after 12 consecutive down months. Analysis: While 4.0% up is encouraging I have to point...
