stimulus Archive

Payrolls

Karim writes: Better than expected overall; private payrolls up 67k, consistent with recent trend. Net revisions up 123k (July private payrolls revised from +71k to +107k) UE rate up from 9.51% to 9.64% Hours flat but July revised up from 0.3% to 0.4% Avg hourly earnings up 0.3% Private payroll strength even ...Read More

Obama Weighs Spending to Stem Job Cuts Without Second Stimulus

[Skip to the end] This does not do much for ‘jobs’ but it is pretty good for financial markets. Low wages, high productivity growth and a bit of top line growth makes for happy management and investors. And a continuing flow of real wealth from the bottom to the top. Obama Weighs ...Read More

EU Officials Say Stimulus Exit Unlikely Before 2011

[Skip to the end] They are worried raising rates will further support the euro. And they all seek a quick return to ‘fiscal responsibility’ This all should insure the Eurozone remains characterized by high unemployment and elevated systemic risk EU Officials Say Stimulus Exit Unlikely Before 2011 By Svenja O’Donnell and Chris ...Read More

Trade/FOMC Preview/China Exports/Stimulus hangups

[Skip to the end] Karim writes: Trade: Exports up 2%, Imports up 2.3%. Imports ex-petroleum down 1% and consumer goods imports down 4.8%. Sector strength mainly in industrial goods (restocking), but indicators of final demand still look weak. Don’t look for dramatic changes to FOMC statement; major focus will be on Treasury ...Read More

IMF Says U.K. Can’t Afford 2010 Stimulus

[Skip to the end] This says a lot more about the IMF than the UK: IMF Says U.K. Can’t Afford 2010 Stimulus, Telegraph Reports The U.K. is alone with Argentina as the only members of the Group of 20 that cannot budget for temporary spending increases next year to aid economic growth, ...Read More

Obama on the ‘stimulus’ package

[Skip to the end] Obama Says Economic Stimulus Plan Worked as Intended By Edwin Chen July 11 (Bloomberg) — President Barack Obama said his $787 billion stimulus bill “has worked as intended” as he pushed back against Republican criticism that his recovery program has failed to rescue the economy. What kind of ...Read More

Re: Chinese stimulus

[Skip to the end] (email exchange) Yes, thanks, as expected! >    >   On Tue, Mar 17, 2009, at 8:47, wrote: >    >   Looks like China is interested in prosperity as well, just leaving the Europeans behind! >    Last November China announced a CNY4trn stimulus package. The first part of the money started to be ...Read More

Stimulus package

[Skip to the end] (email exchange) >    >   Mauer wrote: >    >   My main worry about the efficacy of the fiscal >   stimulus–aside from the international >   spillovers in case it is not supported by equally >   ambitious fiscal plans elsewhere–is this: >   households that face considerable employment >   uncertainty, and hence about their to future >   income prospects, are ...Read More