by Jason Apollo Voss | 30 12 2010 | Blog
The Department of Labor reported this morning that initial claims for unemployment fell by 34,000 last week to 388,000. The decline was so large that the total initial jobless claims figure is at its lowest level since July 2008 – a moment right before the...
by Jason Apollo Voss | 28 12 2010 | Blog
This morning it was announced that the city of Beijing in China is raising its minimum wage by 21% (!). Ostensibly the reason is because of inflationary pressures. That is, prices are so high that people cannot afford to buy the essential staples of their life. ...
by Jason Apollo Voss | 28 12 2010 | Blog
This morning the Conference Board reported its monthly consumer confidence number. Data gathered indicate that confidence fell to 52.5 from a 54.3 level in November. Conference Board statisticians also calculate an expectations index that reflects consumer feelings...
by Jason Apollo Voss | 27 12 2010 | Blog
You may have heard that in a surprise announcement the Chinese government raised interest rates 0.25% on Saturday, 25 December. As I have been writing about on the blog for several months, the effort is being launched to ease inflation pressures in China. Analysis:...
by Jason Apollo Voss | 25 12 2010 | Blog
Wherever you may be I hope that your holy day season is filled with smiles, fun, relaxation and rejuvenation! Thank you for your continued interest in the blog and in my other media as well. I truly appreciate all of you! Jason
by Jason Apollo Voss | 24 12 2010 | Blog
Yesterday saw the passage of an austere budget plan by the Greek government. I don’t consider going into all of the details of the plan to be important. Most importantly though, the budget deficit as a percentage of gross domestic product is projected to be...
