- On April’s employment numbers: previewing the data on Jobs Day Eve, highlighting my first impressions of a confusing month of labor market data and explaining why I doubt April’s jobs data will be any sort of game changer for the Fed.
- Illustrating how high frequency trading comes to be.
- Analyzing the impact of the labor force when the US job market gets back to full employment.
- Looking at wages, slack, labor force participation, and the Fed.
Music: enjoying a slightly more staid version of the “Talk Dirty” by Kevin Spacey and the Ragtime Gals in this week’s musical interlude.
Explain to me again why it takes 60% of the Senate to pass a bill. This is unconstitutional.
http://www.nytimes.com/2014/05/01/us/politics/senate-minimum-wage-bill.html
Not afraid of Republican control without Democrats able to filibuster because Republicans are always able to pick off a few blue dog Democrats anyway. Not that they need them (hence 80% of Bush tax cuts, RomneyCare, etc)