Daily Archive: Friday, August 6, 2010

Payrolls

Karim writes: Not a game changer in my view and doesn’t compel the Fed to change course next week. Private sector gradually churning out jobs; hours, wages, and diffusion index ok. Private payrolls up 71k after avg of 41k of prior 2mths but well off highs of 200k avg of Feb and ...Read More

China Seen Robbing Consumers With Low Interest Rates

Looks like someone’s catching on to the interest rate channel. And Bloomberg is reporting it. (Bloomberg never reported it when I communicated with them.) China Seen Robbing Consumers With Low Interest Rates Aug 6 (Bloomberg) — Peking University professor Michael Pettis was discussing declining bank-deposit returns when a student interrupted with a ...Read More