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    Economics / jobs, unemployment, wages /

    Getting Trendy

    February 9, 2012

    The economy is all about trends and tendencies. We have to watch data over longer periods in order to identify where it is headed because short term or one-off bumps and leaps can mislead us easily. In that context we should pay attention to today’s news that new claims for unemployment assistance dripped 15,000 to […]

    Economics / B. of A., banking, Citibank, JP Morgan Chase, Obama, recovery /

    The Art of Bankers and Economists

    February 6, 2012

    The big question, and one I have been asked several times this morning already, is this: does the good jobs report last week signal a major shift in the economy? No. Clearly the tone of things has changed, but there are still large reservoirs of under-used resources to be brought back on line before we […]

    Commentary /

    Buyer’s Remorse?

    February 3, 2012

    Some of you are no doubt aware that Sir Fred Goodwin is no longer Sir Fred, but simply Fred. The UK government has an obscure department tucked away deep within its wood paneled bureaucracy that has the power to reverse awards like knighthoods. So whereas once Fred was a poster child for aggressive capitalism, and […]

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