Post Tagged with: "jobs"
Bill Gross: It’s all about jobs and growth in the US
Bill Gross was on CNBC yesterday talking about the debt ceiling deal. His first thoughts were about jobs. “There are no jobs in terms of growth. There are no wages in terms of increase… This is a classic de-levering cycle.”
On HSBC and jobs
The job cuts are principally in the United States and Europe and the job hires are in the emerging markets. This is a significant shift away from the developed economies, which are mired in a debt crisis to areas of the world which are still experiencing strong growth
Staring into the eye of recession
After the US GDP revisions we saw on Friday, it is clear that the US economy is at stall speed. But globally, we are seeing a slowdown in Europe and emerging markets too, especially China. And the fact is monetary and fiscal policy are tightening in all three areas as well. To me, this speaks to a sharp global growth slowdown, which means Europe and the US will be “staring into the eye of recession” as Andy Lees entitled his note on which this post is based
Chart of the Day: US – European Gap in Employment Ratio Virtually Gone
The employment-to-population ratio had been much higher in the US than Europe. This gap narrowed dramatically in the last decade and had almost disappeared by the end of 2009. Draw your conclusions about what this says about the different American and European economic models
Does LinkedIn take advantage of weak links?
Rick Bookstaber asks whether LinkedIn anything more than a resume warehouse? Is it simply a web-based Rolodex to make it easier to stay up with your business contacts? He doesn’t know the business model for the company, and doesn’t have any basis to comment on its long-term prospects, but in a somewhat stream-of-consciousness mode, he hears the “linked” in LinkedIn, and it starts him thinking about network theory, and the place LinkedIn most naturally fills in that space, which is to establish weak links
Investing in a world of austerity
If you are an investor, businessperson or employee, what you care about is outcomes. You want to know what’s likely to happen in the economy and in the markets. That is what this site is all about. What I see says that cuts were coming. What does that mean then for the economy and markets
Bernanke’s Prepared Testimony for the Semiannual Monetary Policy Report to the Congress
Rather than just send you to the link of Chairman Bernanke’s prepared remarks, I have coopied it hear and underlined the part you should pay attention to
Panicked
Today’s unemployment data suggests that we are experiencing something far worse than a mere “bump in the road”, as our President described it last month. Today’s data should create real palpitations in the White House. This isn’t just a “bump,” but a fully-fledged New York City style pot hole
Chart of the Day: Enormous US Jobs Deficit
If you go back to the last jobs peak of 132.5 million in February 2001, at a pace of 150,000 jobs per month to account for population growth, you are looking at a shortfall of 18.8 million jobs. Given those numbers, there is really no amount of tweaking or massaging the data that can diminish how astonishing the jobs shortfall now is
Tax Holiday: Homeland Investment Charade
It is not clear that there is a political consensus for a stand-alone tax holiday. There may be support for the stand-alone tax holiday as part of a larger corporate tax reform effort. If it is enacted, job growth and capital investment is unlikely to be aided, if for no other reason than the lack of capital is not the reason for the jobless recovery and sluggish investment
After careful consideration, I remain bearish
The S&P has gone from 2 standard deviations below the 20-day moving average on the 16th June to 2 standard deviations above it now, something it did prior to the 87 crash when it rallied 6.4% in the week prior to the crash. It has been doing this more and more frequently recently although not of the scale of swing we have just seen. Our economists have already said that a single payroll figure is not sufficient to cause QE3 to which I agree. Commodity prices are telling us that further Asian stimulus is not going to happen unless offset by demand destruction elsewhere in the world. The risks are clearly mounting up
Markets Cautious Ahead of Non-Farm Payrolls
Dollar is mostly firmer ahead of NFP report; Stocks in Europe were impacted by new credit concerns. Market expecting a good number following ADP; USD/JPY likely to firm off the back of higher yields- The Brazilian real was the best performing currency yesterday. China reports data earlier than expected