Daily Archive: Friday, May 4, 2012

Disabled Americans Shrink Size of U.S. Labor Force

And then there’s this: Disabled Americans Shrink Size of U.S. Labor Force By Alex Kowalski May 3 (Bloomberg) — Michael White says he wishes he still could pluck the bass line to Hank Williams Jr.’s “Born to Boogie” and pay bills with money he earns himself. High unemployment — along with ailments ...Read More

Spain’s Valencia Struggles To Repay Debt

Note how ‘currency users’ are limited to relatively low levels of debt by markets: Valencia’s total outstanding debt at the end of 2011 was EUR20.76 billion, equal to around 20% of its GDP. Spain ran up it’s current national debt as a currency issuer when it not only didn’t matter financially with ...Read More

The not so innocent fraud of repatriation

Repatriation made it to Romney’s platform: — Allow for a tax holiday for repatriated corporate profits held overseas So I’ve been asking this question for as long as I can remember: ‘Name one company holding off on investment because it has some of its excess cash in a Citibank London account vs ...Read More

Answer to question on stocks

>    >   (email exchange) >    >   Warren, what do u think stocks do here? >    Been bearish all along from mid March and still thinking same. Euro zone still melting down. US coming off Q4 rebuild of Japan’s pipeline. And now unemployment benefits expiring in 9 states with more to come? State and local ...Read More

April Job Data – ‘Mixed’//Fed Implications

Karim writes: Highlights April Payrolls rise 115k, below expectations. March revised from 120k to 154k and February from 240k to 259k Unemployment rate falls to new cycle low of 8.1% (already close to Fed’s year-end forecast of 7.8-8.0%) though due to drop in Participation Rate from 63.8% to 63.6%. ...Read More

Another good read on the euro situation from Bill Mitchell

Why the Eurozone is destined to fail By Bill Mitchell ...Read More

U.K.’s Quantitative Easing Has Worked, BOE’s Bean Writes in FT

We know part of the precise impact: We know the $80 billion per year the Fed has been turning over to the Treasury would have otherwise remained in the economy. U.K.’s Quantitative Easing Has Worked, BOE’s Bean Writes in FT May 3 (Bloomberg) — Studies of the Federal Reserve’s large-scale asset purchases ...Read More