Mar. Nonfarm Payrolls: +120K vs. consensus of +201K, prior 227K. Unemployment 8.2% vs 8.3% expected. Average workweek 34.5 in-line with expectations. Average hourly earnings 0.2% in-line with expectations. [View news story]
Get rid of minimum wage?! Real wages have been falling since the 70's. Consumer spending is what is fueling the economy and you want to erode the purchasing power even more of people who are working? That would be like rasing the dividend and capital tax on people who worked for their money.....
It's Time To Believe In RIM And The BlackBerry Again [View article]
"Now, can anyone explain what security is provided by RIM in the app environment, because so far as I can tell, there is none."
Yes, yes I can. And it is an application. BlackBerry Protect, pretty slick app. I'm guessing you do not/have not used a BlackBerry very much. It's a pretty slick application that allows you to obviously back up all your contacts/calendars, you can also track your phone on gps and completely lock the phone if you believe it is in the wrong hands.
Mar. Nonfarm Payrolls: +120K vs. consensus of +201K, prior 227K. Unemployment 8.2% vs 8.3% expected. Average workweek 34.5 in-line with expectations. Average hourly earnings 0.2% in-line with expectations. [View news story]
Hoping someone read this part "The unemployment rate fell to 8.2 percent from 8.3 percent as people LEFT the labor force."
It's Time To Believe In RIM And The BlackBerry Again [View article]
I would love to see how many people on this discussion actually use a BlackBerry device and know the product rather than just bashing the company. As the own of a Bold 9930 I have impressed many friends of mine who use other devices at just how far BB has come. Most still think all BB use a ball to scroll and cant browse the web (no joke). BB has come a long way. As far as stock price and the company potentially facing a buyout of sorts, risk and rate equate!
"It was noted that the Committee's forward guidance is conditional on economic developments, and members concurred that the date given in the statement would be subject to revision in response to significant changes in the economic outlook."
In English: The committee's forward guidance is not forward guidance at all because we are going to wait to see what happens first and members concurred that the date given in the statement is going to be changed no matter what"
FOMC minutes: There was less interest in another round of bond buys at the March 13 meeting, with only a couple members suggesting more easing could become necessary if the economy lost momentum. Members thought the economy was a "bit stronger" but not in a meaningful way. After the more hawkish tone, stocks slide: Dow -0.7%, S&P -0.7%, Nasdaq -0.4%. [View news story]
ICSC Retail Store Sales:+3.8% W/W, vs. -0.5% last week. +4.2% Y/Y, vs. +2.7% last week. The W/W rise in sales is attributed to Easter. The 1.5% Y/Y increase is strongest rate so far this year. [View news story]
Goldman is bullish on gold, noting last year's breakdown of the correlation between real interest rates and the metal's price is about to reassert itself (when real rates fall, gold rises). Seeing a weak economy prompting more easing by the Fed and a drop in real rates, gold should return to above $1,800. Gold -0.5% to $1,678. [View news story]
Goldman is bullish on gold, noting last year's breakdown of the correlation between real interest rates and the metal's price is about to reassert itself (when real rates fall, gold rises). Seeing a weak economy prompting more easing by the Fed and a drop in real rates, gold should return to above $1,800. Gold -0.5% to $1,678. [View news story]
As gasoline prices continue to spike - now averaging $3.911/gallon, more than $0.20 greater than U.S. drivers paid a month ago - Pres. Obama's popularity is taking a hit in an election year. A new Reuters polls says 68% of Americans do not approve of how Obama has handled energy, and the dissatisfaction reaches across party lines. (also) [View news story]
MCD food prices go down, diabetes goes up. Same analogy right?
You also must notice that the figure you posted shows savings DECREASING until 2008 and you had posted this under "How did we get here". The savings glut is a product of the recession, it did not get us to where we are now. I am hoping you looked at my figure.....
A savings glut? You do realize the personal savings rate is below 5% correct? Hardly a glut. You also say that (and Ill bring in the full quote) "Businesses invested less as they had overcapacity and demand wasn't good. This lead to a huge savings glut, private sector savings in excess of private sector investment." A savings glut did not take us into a recession, in fact the savings rate has been falling from the mid 70's UNTIL the recession, not preceding the recession. Yes the savings rate doubled when the recession hit, but not until the recession hit and now we are unwinding our savings again.
Mar. Nonfarm Payrolls: +120K vs. consensus of +201K, prior 227K. Unemployment 8.2% vs 8.3% expected. Average workweek 34.5 in-line with expectations. Average hourly earnings 0.2% in-line with expectations. [View news story]
It's Time To Believe In RIM And The BlackBerry Again [View article]
Yes, yes I can. And it is an application. BlackBerry Protect, pretty slick app. I'm guessing you do not/have not used a BlackBerry very much. It's a pretty slick application that allows you to obviously back up all your contacts/calendars, you can also track your phone on gps and completely lock the phone if you believe it is in the wrong hands.
Mar. Nonfarm Payrolls: +120K vs. consensus of +201K, prior 227K. Unemployment 8.2% vs 8.3% expected. Average workweek 34.5 in-line with expectations. Average hourly earnings 0.2% in-line with expectations. [View news story]
It's Time To Believe In RIM And The BlackBerry Again [View article]
This Is Your Brain On Leverage [View article]
In English: The committee's forward guidance is not forward guidance at all because we are going to wait to see what happens first and members concurred that the date given in the statement is going to be changed no matter what"
FOMC minutes: There was less interest in another round of bond buys at the March 13 meeting, with only a couple members suggesting more easing could become necessary if the economy lost momentum. Members thought the economy was a "bit stronger" but not in a meaningful way. After the more hawkish tone, stocks slide: Dow -0.7%, S&P -0.7%, Nasdaq -0.4%. [View news story]
ICSC Retail Store Sales: +3.8% W/W, vs. -0.5% last week. +4.2% Y/Y, vs. +2.7% last week. The W/W rise in sales is attributed to Easter. The 1.5% Y/Y increase is strongest rate so far this year. [View news story]
It's Time To Believe In RIM And The BlackBerry Again [View article]
Today In Commodities: Tradable Correction [View article]
Goldman is bullish on gold, noting last year's breakdown of the correlation between real interest rates and the metal's price is about to reassert itself (when real rates fall, gold rises). Seeing a weak economy prompting more easing by the Fed and a drop in real rates, gold should return to above $1,800. Gold -0.5% to $1,678. [View news story]
Goldman is bullish on gold, noting last year's breakdown of the correlation between real interest rates and the metal's price is about to reassert itself (when real rates fall, gold rises). Seeing a weak economy prompting more easing by the Fed and a drop in real rates, gold should return to above $1,800. Gold -0.5% to $1,678. [View news story]
As gasoline prices continue to spike - now averaging $3.911/gallon, more than $0.20 greater than U.S. drivers paid a month ago - Pres. Obama's popularity is taking a hit in an election year. A new Reuters polls says 68% of Americans do not approve of how Obama has handled energy, and the dissatisfaction reaches across party lines. (also) [View news story]
Should The Fed Raise Rates? [View article]
Should The Fed Raise Rates? [View article]
Personal savings rate
http://bit.ly/zUVPzK
Market recap: Stocks fell broadly as economic concerns over China and Europe overshadowed a better-than-expected jobless claims report. Sectors most exposed to global growth, such as energy and materials, led losers. FedEx's dim outlook added to negative sentiment. Energy commodities and precious metals fell across the board. NYSE decliners topped advancers two to one. [View news story]