Daily Archive: Thursday, January 8, 2009

Re: Unemployment!

[Skip to the end] (email exchange) Thanks, It’s all coming apart. Need that full payroll tax holiday now! (Treasury makes all contributions for employees and employers to keep the accounting in order) >    >   On Thu, Jan 8, 2009 at 2:27 PM, Morris wrote: >    >   It seems the problems with unemployment >   claims system ...Read More

Saudi production falls

[Skip to the end] Saudi’s production falls as they work to regain control of price after the Great Masters Inventory Liquidation runs its course. OPEC Oil Output Fell 1.5% in December, Survey Shows by Diane Munro and Margot Habiby Jan. 6 (Bloomberg) &#8212 Crude-oil production from the 13 OPEC members in December ...Read More

2009-01-09 EU News Highlights

[Skip to the end] Highlights Trichet Sees ‘Significant’ Economic Worsening, II Magazine Says European Confidence Drops to Record Low; Unemployment Increases German Exports Drop 10.6% as Recession Hurts Orders German Ministry Seeks $136 Billion Fund to Ease Company Credit German bond sale’s fate signals trouble ahead ‘Bond failures’ are not all that ...Read More

Credit card risks

[Skip to the end] >    >   Matt writes; >    >   …But as far as credit card debt, I think that >   the negative reporting may be overblown by >   debt doomsday types. Ive always suspected >   so, and may finally have found the proof in a >   column I read by Gene Epstein in Barrons back >   in October. ...Read More

India doing OK?

[Skip to the end] Yes, if they keep up that much criticized deficit spending. And the new regional ’employer of last resort’ program helps as well. Indian Economy to Grow About 7% This Fiscal Year by Kartik Goyal Jan 8 (Bloomberg) — India’s economy will grow about 7 percent in the 12 ...Read More

WWII Deficit Spending

[Skip to the end] This is from ‘Full Employment and Price Stability’ under ‘Mandatory readings‘ at www.moslereconomics.com: Past Attempts at Government Sponsored Full Employment With a private sector desire for H(nfa), and a government that fails to run a deficit large enough to accommodate that desire, the corresponding unemployment can be severe. ...Read More

2009-01-08 USER

[Skip to the end] Initial Jobless Claims (Released 8:30 EST) Continuing Claims (Released 8:30 EST) Jobless Claims ALLX (Released 8:30 EST) Initial Jobless Claims (Jan 3) Survey 545K Actual 467K Prior 492K Revised 491K [top][end] Continuing Claims (Dec 27) Survey 4483K Actual 4611K Prior 4506K Revised 4510K [top][end] Jobless Claims ALLX (Jan ...Read More