NFP Day!

In all the hubbub about the MSFT/YHOO bid, we almost overlooked the December Non Farm Payroll data.

There were a very mixed set of data leading up to this — the big leap in Unemployment claims (impacted by MLK day) and the surprisingly strong ADP Report.

To me, the most important issue will be the Annual Establishment Survey Benchmarking.

If things work out the way they should — an unfortunate rarity when it comes to government statistics — we will find in about 10 minutes how many jobs the economy actually created in 2007. This has the potential to truly roil the markets.

I will get a follow up on NFP, as well as our overview on the equity markets later today . . . 

Category: Employment

Microsoft Takeover Bid for Yahoo!

Category: M&A

Overstated Job Growth & the Annual Establishment Survey Benchmarking

Category: Data Analysis, Employment, Wages & Income

Quote of the Day: Ludwig von Mises

Category: Federal Reserve, Inflation, Politics

Influence Ripples + Tipping Points

Category: Markets, Psychology, Web/Tech, Weblogs

Violence Erupts at Barron’s

Category: Financial Press, Psychology

Media Appearance: Fox Business News

Category: Media

Financial Sector: More Damage to Come

Category: Derivatives, Real Estate, Taxes and Policy, Valuation

Whiner of First Resort

Category: Economy, Federal Reserve

Open Thread: How About That Fade . . . ?

Category: Federal Reserve, Markets, Trading