Initial Jobless Claims Jump, Up 137,000 to 853,000… Initial jobless claims were expected to remain almost unchanged, increasing from 716,000 to 720,000. Instead, they shot up by more than ...
Week In Review – December 7 2020
The U.S. Economy Added 245,000 Jobs in November, Just Over Half of the Expected 432,000… The unemployment rate dipped from 6.9% to 6.7%. What it means— The slightly lower unemployment rate had more ...
The Year End Crunch
Last week, vaccine optimism immunized investors against signs of economic weakness. Narrative economics holds that popular stories may affect individual and collective economic behavior. Last week, ...
Week In Review – November 30 2020
Biden Selects Yellen for Treasury, Markets Soar… Investors cheered not only the third potential vaccine for COVID-19, but also Biden’s pick for Treasury Secretary, ex-Federal Reserve Chair Janet ...
A Thanksgiving Greeting
When we were young, Thanksgiving was simple. It was a day off from school, or from work. A day for watching football, or for eating as much turkey and pie as we could manage. As we’ve gotten older, ...