Archive for the ‘Federal Reserve’ Category

Back in the USA!

November 15th, 2013

So, let me get this straight.  I leave the country for a week, and you still haven’t fixed the federal budget…or the health care website?!  C’mon, people. Back from a great trip to London, still one of the world’s truly great cities.  Just walking around is a blast.  I did prolific gum flapping, and will… Read more

Jobs Report: Upside Surprise on Payrolls!

November 8th, 2013

Payrolls were up 204,000 last month, well above expectations, and the unemployment rate ticked up slightly to 7.3%, due in part to the government shutdown, which lasted through the first half of the October. The payroll number is a big, upside surprise (MarketWatch called it “shockingly strong”).  Even though, as explained below, furloughed government workers… Read more