Archive for March, 2016
Friday, March 4th, 2016
Via Chris Low at FTN Financial:
February nonfarm payrolls rose 242k, about 50k more than expected, while January was revised up 21k and December was revised 9k higher.
Good-producing payrolls fell 15k, with manufacturing down 16k, mining down 18k and construction up 19k. Thanks to a mild winter, the usual spring construction ...
Posted in Uncategorized | Comments Off on Part Time Surge?
Friday, March 4th, 2016
Via Bloomberg:
Slowdown means 2015 GDP was $3 trillion lower than otherwise
Smaller efficiency gains not a mirage of mis-measurement
It’s a paradox that’s been puzzling economists for a while. How can U.S. productivity growth be slowing down at the same time that innovation in everything from smartphones to 3D printing seems to ...
Posted in Uncategorized | Comments Off on Explaining the Decline in Productivity
Friday, March 4th, 2016
Yesterday I wrote about a long time obsession of mine, the Hillary Clinton cattle futures episode in the late 1970s. Ms Clinton had little money and no trading experience and in ten months parlayed her $1000 stake into a cool $100,000.
Two commenters had interesting takes on the topic. One wrote ...
Posted in Uncategorized | 6 Comments »
Friday, March 4th, 2016
Via Millan Mulraine at TDSecurities:
TD SECURITIES DATAFLASH
US: Labor Market Rebounds Strongly in February
· The US economy added a very impressive 242K jobs in February, bettering the market expectation for a more modest 1.95K gain.
· The details of the report, however, were mixed as weaker working hours, falling earnings and ...
Posted in Uncategorized | Comments Off on Labor Report Analyzed
Friday, March 4th, 2016
Via Millan Mulraine at TDSecurities:
TD SECURITIES DATAFLASH
US: External Trade Weakness Dampens Economic Activity
· The US trade deficit widened sharply, rising to $45.68B in January from $44.7B.
· The rise in the deficit was on account of weakening in overall trade activity, with both imports and exports falling.
· The real goods ...
Posted in Uncategorized | Comments Off on Trade Balance
Friday, March 4th, 2016
Via Marc Chandler at Brown Brothers Harriman:
US Jobs Data Awaited But Barring Significant Surprise, May Not be Key Driver
- Investor appetite for risk has increased
- US jobs reports will be the focus; the consensus calls for around 195k increase in US nonfarm payrolls
- Canada reports January trade and February IVEY ...
Posted in Uncategorized | Comments Off on Morning FX
Thursday, March 3rd, 2016
Via Bloomberg:
Firm said to have begun annual exercise of cutting jobs
Staff began hearing last month; talks may continue into April
Goldman Sachs Group Inc. plans to eliminate more than 5 percent of traders and salespeople in its fixed-income business, cutting deeper into those operations than an annual companywide cull that has ...
Posted in Uncategorized | Comments Off on Goldman to Make Deeper Cuts in Fixed Income Staff
Thursday, March 3rd, 2016
The Naked Capitalism blog in a posting today cites an article in the Atlantic magazine which chronicles the many scandals in which the Clinton's have either been involved in directly or to which the tawdry couple are linked. The NakedCapitalism post notes that the Atlantic article failed to include one ...
Posted in Uncategorized | 11 Comments »
Thursday, March 3rd, 2016
I have not posted one of these in quite sometime but I just saw this article and could not resist. The NYTimes has posted a long article with some great pictures on the transfer of Bob Dylan archival material to a museum in Tulsa Oklahoma. The museum also houses Woody ...
Posted in Uncategorized | Comments Off on Aging Baby Boomer Alert
Thursday, March 3rd, 2016
Via Robert Sinche at Amherst Pierpont Securities:
AUSTRALIA: Retail Sales will be released for January, following solid gains during 2015, with Retail Sales up 4.2% YOY for the year ended December.
CHINA: Over the next 48 hours the National People’s Congress is expected to release the 2016 GDP forecast, likely in the ...
Posted in Uncategorized | Comments Off on Overnight Data Preview