Gauging the Reversal in the Dollar, Gold & Oil
Gauging the Reversal in the Dollar, Gold & Oil
The FOMC announcement of March 18, December 16 and September 16 each produced an interventionist surprise at the expense of the dollar. But unlike in the announcements of Sep 16 (AIG bailout) and Dec 16 (Fed’s surprising zero interest rate announcement), Wednesday’s announcement to buy long term […]
Canadian Exports Have a Long Way to Fall
Canadian Exports Have a Long Way to Fall
Net trade has detracted from Canadian economic growth for nine of the last 12 quarters, and only avoided it being twelve straight due to temporary weaknesses in imports, not strength in exports. Exports themselves have now detracted from real Canadian GDP growth since the third quarter of 2007 […]
Payrolls Fall 651k in February; Unemployment Reaches 8.1%
Payrolls Fall 651k in February; Unemployment Reaches 8.1%
Non-Farm Payrolls (Feb) Actual -651k, Expected -647k, Previous -655k (Revised from -598k)
Unemployment Rate (Feb) Actual 8.1%, Expected 7.9%, Previous 7.6%
Release Explanation: A statistic researched, recorded and reported by the U.S. Bureau of Labor Statistics intended to represent the total number of paid U.S. workers of any business. […]