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David Rosenberg: A Bond Bull Turns Bearish Wage Inflation? Skills Versus Education Kyle Bass and Japan Tulsa, Atlanta, Nashville, and Brussels "The large shortfall of employment relative to its maximum level has imposed huge burdens on all too many American households and represents a substantial...
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You Know You Were Surprised The Eat, Drink, and Get Sick Sector The Really Important Employment Numbers Portland, Chicago, Atlanta, and South America The unemployment number surprisingly dropped to 7.8% last Friday, and the shoot-from-the-hip crowd came out in force. To say that the jobs report was met...
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April Employment A Graphic Review of the Strategic Investment Conference A Little Over 31 Years New York, Atlanta, Philadelphia, and Austin The US employment numbers came out this morning, and they were disappointing. But disappointing does not begin to describe the situation I read about today in Europe...
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Just Trying to Keep Up Participating in the Labor Force Some Good News on Employment San Francisco, Denver, Austin, Philadelphia, Washington DC, Fort Lauderdale, etc. Today's employment numbers were decidedly soft, but the unemployment rate went down anyway, and that is about the best you can say...
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Getting Back to Full Employment Who’s Participating in Employment? 4 Million New Jobs a Month! Where Will the Jobs Come From? Stockholm, Paris, San Francisco, and New York "Six years into our global data collection effort, we may have already found the single most searing, clarifying, helpful...
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Who Took My Easy Button? Putting a Good Employment Number in Perspective When a College Education Isn’t Enough We’re All Turning Greek Who Can Afford Health Care? Everyone knows by now that the US is facing difficult choices. Depending on what assumptions you use, the unfunded liabilities...
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Employment Up But Not Enough The World Slips into Recession Central Bankers of the World, Unite! New York, Hong Kong, Singapore, and Cape Town And My Conference It is now common to use the term bazooka when referring the actions of governments and central banks as they try to avert a credit crisis. And...
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Where Will the Jobs Come From? Stupid Government Tricks Let’s Tax the Millionaires Kilkenny, Atlanta, DC, and Home I find myself in Liam's taxi on the beautiful drive to Kilkenny through the Irish countryside for a few hours this very early Friday morning, so what better time to begin writing...
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The Flat Earth (Employment) Society Let’s Do a Little Time Travel The Implications of an Older Workforce How Do We “Fix” the Employment Problem? Some Thoughts on Gold Europe, New York, Conferences, Etc. This week we briefly look at yesterday morning’s dismal unemployment report...
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In This Issue: Kicking the Can Yet Again It’s Not Just Greece Who is Going to Buy that Debt? You Have to Admire the Commitment The Problem with US Employment Washington DC, Vancouver, NYC, Maine, and now Europe This week we start with the latest version of the solution to the European Crisis, the...
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In This Issue: The Plight of the Working Class Can You Say Jobless Recovery? Drowning in Debt but Getting No Growth The Cancer of Debt New York, Portland and La Jolla Clowns to the left of me, Jokers to the right, Here I am, stuck in the Muddle Through Middle with you! –With thanks to Stealers...
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In This Issue: An Improving Economy But Where Are the Jobs? Time for the Fed to Declare Victory and Go Home Home, Fed Friday, and Tokyo I am on yet another plane and writing, and I’ll finish this letter in Phoenix. As I start, I am not sure of a theme for this week’s letter, so (with a tip...
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How Did We Do on 2010? Russia and the Roots of World Inflation The US Will More than Muddle Through December Unemployment Better than Headline A Very Fluid Economy Cabo, LA, Winnipeg, Meet Me in Vegas, and Thailand It is time once again to throw caution and wisdom to the wind and actually make my 11...
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Ten-Year Yields Are Rising An Uptick in Consumer Credit? Not! Some Thoughts for Ben New York, Cabo, and Winnipeg Correct me if I'm wrong, but I seem to remember that one of the reasons for QE2 was to lower rates on the longer end of the US yield curve. Clearly, that has not happened? Today we look...
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Recessions Are on the Margin A Rose is Still a Rose If It Feels Like a Recession The Rough Road Back Mexico, New York, and The Endgame I've got to admit it's getting better A little better all the time I have to admit it's getting better It's getting better since you've been mine...