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Fed Minutes: Pain & Unemployment Ahead
The minutes from the December FOMC meeting where rates were essentially taken to zero have now been released. What is interesting here is that there is very...
There's Unemployment, and Then There's Unemployment
There's Unemployment, and Then There's Unemployment
paul.kedrosky.com — I have been sent this Reuters story from yesterday umpteen times, so I may as well post... it, as well as the underlying graph. The gist: If unemployment were being measured the same way as it was during the Depression, the U.S. would be well on its way ... (more) There's Unemployment, and Then There's Unemployment
FRB: FOMC Minutes, December 15-16, 2008
federalreserve.gov — A meeting of the Federal Open Market Committee was held in the offices of the Board of... Governors of the Federal Reserve System in Washington, D.C., on Monday, December 15, 2008 at 2:00 p.m. and continued on Tuesday, December 16, 2008 at 9:00 a.m. ... (more) FRB: FOMC Minutes, December 15-16, 2008
Unemployment Up And Mortgages Down In December
Unemployment Up And Mortgages Down In December
spaineconomy.blogspot.com — Spanish registered unemployment topped 3 million for the first time ever in December, as the government said... unemployment was expected to worsen in 2009. Comparable government figures on the number of jobless in Spain go back to 1996 but Employment ... (more) Unemployment Up And Mortgages Down In December
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Closing Bell: Stocks gain despite FOMC depression description; AAPL, GE, LOGI, WFC
BloggingStocks — ... ISM non-manufacturing and housing numbers were reported today and they remained weak, but the weakness was arguably not as bad as many were bracing for. Shares stayed up most of the day, although feelings were mixed despite the FOMC minutes showing something worse than a normal recession. ...

Related: fomc minutes
December 15-16, 2008 FOMC MinutesThe Big Picture
The Fed seems a bit concerned about the horse now that its out of the barn . . . “The information reviewed at the December meeting pointed to a significant contraction in economic activity in the fourth quarter. Conditions in the labor market deteriorated considerably in recent months ...
Fed Fears Long RecessionCalculated Risk
The Fed projects GDP to decline in 2009 "as a whole", and unemployment to "rise significantly into 2010". The Fed also expects disinflationary pressures to continue into 2010. From the FOMC Minutes : In the forecast prepared for the meeting, the staff revised down sharply its outlook for ...