This is the table that accompanies the weekly economic review article at Global Economic Intersection: Economic Soft Patch and Oil Price Band-aids
The weekly initial unemployment claims data release this week continued to show elevated levels. Historically, claims exceeding 400,000 per week yields employment gains less than the workforce growth.
This is the table that accompanies the weekly economic review article at Global Economic Intersection: What’s Up With Employment?
Subtitle: If Soros Could Bust BOE, Greece Can Bust ECB by Guest Author Andrew Butter The recent events in Greece are reminiscent of when Soros busted the Bank of England. That crisis was caused by an artificial peg of the pound to the euro which restricted the ability of U.K. to print money to inflate …
Today, it boils down to Sophie’s Choice – balancing the growing headwinds of sovereign debt with economic headwinds of government spending cutbacks.