Posts filed under “Markets”

How much better things would have to be to get everyone back
into the labor pool? The shape of the “demand curve” for labor tells us that,
based on the potential incentives to work. In effect, this number measures how
much labor demand is below its potential.

Estimated Labor Slack vs Nominal Unemployment Rate
click for larger chart

Estimated_labor_slack

Source: BOP

The difference between the Nominal Unemployment Rate and the
Labor Slack Rate can be called "asymetrical unemployment". That is,
the downward pressure on wages created by former or potential workers who have
not entered the labor pool.

Random Items:

Greenspan Pounds Away at Broken Budget Process

Transcripts show Fed worried throughout 1999 market boom

The New Radio Revolution

Pre-modern America 

Gas Getting Pricier, Oil Demand Rises

Ayn Rand at 100

Quote of the Day:

"He who knows nothing is confident of
everything”
-Anonymous 

Category: Markets

The Psychology/Sentiment of Oil

Category: Commodities, Markets, Psychology

Be Wary of Anything approaching 140% of GDP

Category: Economy, Investing, Markets

My expectations about the Jobs Report

Category: Economy, Markets

CNBC The Mystery of the Awful Economists

Category: Economy, Markets, Media

The Mystery of the Awful Economists

“We have 2 classes of forecasters: Those who don’t know… and those who don’t know they don’t know.” — John Kenneth Galbraith I’ve been making a fortune lately. (No, I don’t own any Google IPO shares). Each month, I’ve been betting on the outcome of the Non-Farm Payroll report against my economist colleagues. I’ve been…Read More

Category: Economy, Markets, Politics

Greenspan’s New Forecast

Category: Economy, Markets

Modern Art Market Superheats

Category: Finance, Markets, Trading

Mark Hulbert on CNBC

Category: Markets, Media

WANTED: August 13, 1979 Business Week

I am looking for a good (relatively clean) copy of the August 13, 1979 Business Week magazine. If anyone has located one of these, please contact me with sales information. Here’s why: Hanging on my office walls are several infamous magazine covers from days gone by. On the flip side, I tape a chart of…Read More

Category: Markets, Media