The full employment recession is spreading
Looks like the US full-employment recession is spreading: UK jobless rate falls to 5.2 percent in latest quarter The unemployment rate in the United Kingdom
February 13, 2008
Looks like the US full-employment recession is spreading: UK jobless rate falls to 5.2 percent in latest quarter The unemployment rate in the United Kingdom
MBAVPRCH Index Doesn’t look too bad. Mortgage bankers have reduced staff and are probably working overtime on refi’s which remain very high. Retail Sales Details
Both of these weekly surveys showed Jan declines in growth (but still positive year over year) and signs of a modest recovery in Feb. Twin
This is the mainstream approach to negative supply shocks: “Don’t let relative value stories turn into inflation stories.” (as the Fed used to say) And,
Prospects for the U.S. Economy in 2008 (intro remarks snipped) Today I’d like to talk about developments in the economy and in monetary policy, two
US Jan budget surplus narrows as spending hits record by David Lawder WASHINGTON, Feb 12 (Reuters) – The U.S. government posted a $17.84 billion budget
It’s only been a few hours, but seems the first time since August higher oil doesn’t mean lower interest rates, and might even mean higher
Yes, the below analysis has also been the Fed’s position, up until this week’s speeches. It’s been about a crude/food/$ negative supply shock, supported by
The Fed’s pet inflation expectation indicator is moving higher, fast. ♥
SF Fed president Yellen on inflation, from yesterday’s speech in Hawaii: Now let me turn to inflation. The recent news has been disappointing. Over the