From the category archives:
By now, you’re probably sick of the video for my book, as funny as it is. So let me present another video for your viewing pleasure — the video attractions for Yves Smith’s book ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism
I would have gone with a narrator, but that’s just me (I [...]
Here are 7 things worth reading …
#1) The News N Economics blog has a good piece on how some countries Europe – Estonia, the United Kingdom and Lithuania are cutting wages.
From News N Economics: “every country across the 26 countries listed except Belgium, Germany, Greece, and Spain, saw the rate of hourly wage growth decrease since 2008.”
The [...]
Calculated Risk (one of my daily “must-read” blogs) offers some nifty charts explaining why the good news on jobs this morning wasn’t nearly good enough.
The Bureau of Labor Statistics reports that Nonfarm payroll employment was little changed (-36,000) in February, and the unemployment rate held at 9.7 percent. Also, “snow-mageddon” has SNAFU’d the numbers. According [...]
Here’s a transcript for my most recent video.
brodrick-video-for-030210-the-us-economy-in-3-stocks
I could have added other stocks (a homebuilder, for example) but I try to keep these videos short and sweet. Too many people making videos on the web make the mistake of falling in love with their own voice.
Again, this is a short-term outlook. The long-term outlook is [...]
This morning, we learned that fourth quarter GDP rose 5.7%, much better than expectations of 4.7%. Nominal GDP was only 0.3% above estimates as the price deflator rose only 0.6%, which was 0.7% less than expected. Nominal GDP rose 6.3% vs estimates of 6%.
Personal Spending rose 2%, which was 0.2% above forecasts. Inventories fell by [...]
There’s a lot of great stuff on the blogs today. So, I’m going to give you a blog round-up, pardner.
Nice Country You Have There, Be a Shame If Anything Happened to It
Ian Welsh covers the threats that Britain and the Netherlands are making toward Iceland over its refusal to pay $5.5 billion of what amounts [...]
December 27, 2009 (24/7 Wall Street) — China became the world’s second largest economy in 2009, passing Japan, which has held this distinction for decades. The People’s Republic raised its growth forecast for 2008 to 9.6% from 9% which took the total to over $4.6 trillion. The Chinese government says it will have economic growth [...]
Here’s Matt Taiibi’s latest. It’s must-see TV!
“Clearly someone was manipulating these stocks.”
Geez, maybe I should shoot a resume over to Goldman Sachs. Goldman reported that its total annual payroll for the most recent fiscal year was $22 billion, which works out to $700,000 average for every employee.
Of course, the big boys at the top are hogging the bulk of that money, but what ever happened [...]
