<Click on chart for larger image> Bloomberg.com – The Best Presidential Candidate for Jobs Isn’t Running in This Year’s Election The best person to be the next President of the United States is the President of the United States. If you’re a job-seeker, that is. As today is payrolls day, and we’re in an election this… Continue reading Job Growth & Politics
<Click on chart for larger image> Bloomberg.com – Bond Market’s Big Illusion Revealed as U.S. Yields Turn Negative Last month, yields on U.S. 10-year notes turned negative for Japanese buyers who pay to eliminate currency fluctuations from their returns, something that hasn’t happened since the financial crisis. It’s even worse for euro-based investors, who are… Continue reading Negative Rates
MoneyBeat (WSJ Blog) – OPEC Set for Talks Amid Push to Revive Oil-Production Limits The Organization of the Petroleum Exporting Countries will hold informal talks at an energy conference in September, the cartel’s president said Monday, as oil-producing nations worry over a recent downturn in the crude market, reports The Wall Street Journal. Qatar Energy Minister… Continue reading More Rumors Of OPEC Production Limits
More unemployed people found work than dropped out of the labor force over the last 12 months, first time this cycle pic.twitter.com/f4aaaQ5oDX — Matthew B (@boes_) August 5, 2016 Bloomberg.com – Mohamed El-Erian: Jobs Report Brings Much-Needed Good News The global economy desperately needed some good news. That’s what it got in the latest U.S.… Continue reading More On The Payroll Report
<Click on chart for larger image> The Federal Reserve Bank of Atlanta – GDPNow The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2016 is 3.8 percent on August 5, up from 3.7 percent on August 4. After this morning’s employment situation release from the U.S. Bureau… Continue reading A Very Early Look At Q3 GDPNow
<Click on chart for larger image> The Economist – A history of convention poll bounces MOST American presidential candidates have enjoyed a bounce in the polls following their party conventions. Such gains usually dissipate after a few weeks, but occasionally persist. And when they fail to materialise at all, it tends to spell doom: Democratic… Continue reading A Historical Look At Post-Convention Poll Bounces
The Financial Times – What does the new term funding scheme mean for UK banks? The BoE plans to lend up to £100bn to banks at a generous rate, close to the lower bank rate, for four years. The aim of the scheme is to ensure that the cut to the base rate is passed… Continue reading More On The BOE’s New Funding Scheme
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The Wall Street Journal – U.S. Adds 255,000 Jobs in July; Unemployment Rate Steady at 4.9% Labor Department indicator signals underlying strength for the labor market despite a host of mixed economic signals U.S. employers hired at a steady pace in July, a sign of underlying strength for the labor market despite a host of… Continue reading Employment In Pictures
<Click on graphic for larger image> The Wall Street Journal – Companies Routinely Steer Analysts to Deliver Earnings Surprises With nudges and phone calls, analysts are urged to lower their estimates, making it easier for companies to beat them; ‘a rigged race,’ says Barry Diller A federal rule bars companies from selectively disclosing material nonpublic… Continue reading Gaming Earnings
The Wall Street Journal – Bank of England Cuts Key Interest Rate to New Low Central bank to buy government and corporate bonds in bid to stimulate economy after Brexit vote The Bank of England cut its benchmark interest rate to the lowest in its 322-year history and revived a financial crisis-era bond-buying program to… Continue reading More On The BoE Rate Cut
<Click on graphic for larger image> <Click on graphic for larger image> CNBC – These swing-state votes may turn on jobs, wages While the national jobless rate has fallen roughly in half since the depths of the Great Recession, job growth has been uneven in the battleground states. Since the national trough in early 2010,… Continue reading Swing-States And Their Jobless Rate