The net wealth of United States households and non-profit institutions rose a bit in the first quarter of 2010, the Federal Reserve reported today. This data release shows that net wealth (assets minus liabilities) increased by about a trillion dollars, from $53.5 trillion to $54.5 trillion. From an asset-class point of view this gain . . . → Read More: United States Wealth
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The United States unemployment rate rose from 9.8 percent in September to 10.2 percent in October, exceeding our forecast and the consensus forecast. We appear to be in-between everyone else and reality again. The data, either quarter-on-quarter or year-on-year, indicate ongoing job losses that are typical for a serious recession. We have said . . . → Read More: The October Employment Situation |
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