Friday, September 04, 2009

The Unemployment Rate Goes to 9.7% and Payrolls Drop "Only" 216,000

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The Bureau of Labor Statistics reported on the August employment situation this morning. The Nation The national unemployment rate rose ...
Monday, August 31, 2009

AIG's Financial Crisis and Boeing's Biggest Customer

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Boeing and Airbus's biggest commercial customer is not an airline but the fallen insurance giant, AIG (see my earlier  posting " Wh...
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Monday, August 24, 2009

Bernanke To Get a Second Term as Chair

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President Obama is scheduled to announce that Princeton Professor Ben Bernanke will be renominated to a second term as Chairman of the Feder...
Friday, August 21, 2009

Wichita's Unemployment Rate Jumps from 8.5% to 9.9%

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The Kansas Department of Labor reported today that Wichita's economy lost 4,671 jobs in July and the unemployment rate hit 9.9 percent....
Friday, August 14, 2009

China Is #2 In the GDP Tables

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Wikipedia summarizes the rankings of the world's economies measured by GDP at Purchasing Power Parity (PPP) prices. The U.S. is #1 stil...
Thursday, August 13, 2009

The BRIC Rally Is Based On Fundamentals

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Dominic Elliot told us in the July 27th Wall Street Journal that " the 'BRIC' acronym [was] created in 2001 by a team led by J...
Tuesday, August 11, 2009

Where There Is a Way, Is there a Will?

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Not too long ago George Melloan asked on the Opinion pages of the Wall street asked a troubling question: " Federal Reserve Chairman Be...

There You Go Again, Mr President!

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The editors of Wall Street Journal wonder if Ginnie Mae is " The Next Fannie Mae? " Specifically they worry, "Ginnie Mae o...
Saturday, August 08, 2009

China May Be the World Economy's Engine of Growth, But Are Mr, Han's Gauges Accurate?

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Earlier this week, Jamil Anderlini wrote in the Financial Times that "China’s gross domestic product figures" do not add up: ...