Lost jobs number negative, but improving

November saw the U.S. shed 169,000 jobs according to payroll firm ADP. The pace of job loss is slowing, however, the number lost last month still exceeded expectations by 19,000. ADP’s number is not the official Federal number, that number comes out on Fridays....

Potential grim foreboding on unemployment

A Wall Street Journal article this morning makes an important point. As a part of the economic-stimulus enacted earlier this year, highway construction firms received numerous small projects to employ construction workers. In my travels around the country, and here in...

Black friday disappoints

As many of you may know the Friday after Thanksgiving, called Black Friday by the retail industry, is almost always the busiest shopping day of the year. Revenue results from Black Friday are a harbinger for the health of Holiday sales. And this year they are also a...

Crazy Iranians at it again

I hope that everyone had a nice Holiday. CNN this morning is reporting that Iran’s cabinet has authorized the construction of another 10 uranium enrichment plants. The Iranians are claiming that the plants are for a civilian-only nuclear program. There are...

Refreshing economic news

Happy Thanksgiving eve folks! There is a lot of economic data today, here are the major stats… Consumer Spending: That ultimate bellwether in economic growth, consumer spending, was up 0.7% in October. This number is made more positive because spending in...

Courting Germany to court Russia

Let’s adjust context for a moment from the economy and financial markets back to the topic of Iran’s nuclear program. Germany’s Foreign Minister is currently in Israel to meet with Israeli Prime Minister Benjamin Netanyahu, President Shimon Peres and...