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The United States employment situation improved substantially in November. The unemployment rate fell a bit and quarter-on-quarter job losses slowed dramatically, almost to zero. This welcome news has been greeted with rises in equities and a fall in Treasury bonds. I have attached four charts below. Are we out of the woods? No. Is . . . → Read More: Today’s Jobs Report, Feedbacks, and Foreclosures Written by Bill Watkins. Reuters has a release of new housing data. Seems sales fell in September and Augusts’ numbers were revised down. I’m amazed at the writer’s confidence that we are in “widening recovery.” The money quotes are “The housing data represented a road bump in a recovery that otherwise appears to be . . . → Read More: Those Road Bumps Keep Popping Up |
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