Open trade borders leak (money flows). Stimulus done in one country alone will benefit its trading partners more – as they did not have to invest any capital to be stimulated.
Category Archives: Weekly Economic Summary
Notice: Use BLS Data at Your Own Peril + Weekly Economic Summary
The markets wait for the unpredictable BLS to publish its data. Their methodology produces a lot of monthly volatility. Their adjustment factors create too many jobs. The August 2010 BLS jobs report did not disappoint this opinion.
Economy and GDP
Economic releases w/e 27 August 2010 continue to paint an economy with slowing but positive growth. GDP for 2Q2010 was revised downward to 1.6% annualized.