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...
by Jason Apollo Voss | 20 02 2010 | Blog
I have not written for awhile about the Iranian nuclear situation. Mostly this is because nothing has been happening that is worth reporting. However, the chain of events that have occurred are a strong indication to me that the situation has downgraded from a...
