Tuesday, September 8, 2015
De-sensationalizing China's reserve losses
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Here's how the NY Times today described what is going on with China's currency and foreign exchange reserves (emphasis mine): HO...
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Friday, September 4, 2015
The problem is the lack of productivity
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August job gains were weaker than expected (+173K vs. +217K), but that shortfall was exactly offset by upward revisions to prior months. (Th...
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Thursday, September 3, 2015
Volatility still high, but service sector still fine; plus a note on the role of hedge funds
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Markets are still on edge, worried that a China slowdown will prove contagious to the rest of the world—a new twist on the old catchphrase ...
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