Really. When our revolutionary founders defeated the British, they declared that when people work a short week due to our nation’s birthday, the BLS should release the jobs report a day early. So we’ll get June’s jobs numbers tomorrow instead of Friday. Here’s the Bloomberg consensus. Source: Bloomberg Barring a surprise, I expect a payroll… Read more
Over at MSNBC.com, or you could just go with the summary by renowned international economist Dr. John: “refried confusion is makin’ itself clear…wonder which way do I go to get on out of here!” Or, to add a level of complexity, to conflate insolvency with illiquidity is to ask for a protracted mess that delivers more… Read more
I’ve got a longer piece up on PostEverything, but here are the key ‘grafs from the POTUS’s announcement on this tonight (my bold): We’ve got to keep making sure hard work is rewarded. Right now, too many Americans are working long days for less pay than they deserve. That’s partly because we’ve failed to update overtime… Read more
Forgot to post a few pieces that went up at PostEverything in recent days. Health care, the Fed…you know…all fun stuff!
At one level, today’s Supreme Court decision to preserve the tax subsidies that allow low- and middle-income people to afford health insurance is a marvelous, miraculous win. I’m sure that the millions who depend on those subsidies (in states where the federal government runs the exchange) are hugely relieved that they can continue to receive… Read more