blogs.wsj.com - 11/7/2008
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The October employment report was an ugly moment in a bad downturn. But the numbers are going to get far worse before the economy pulls out of its recession and starts creating jobs again. The employment report adds to the likelihood that the current economic downturn will be the worst in a ...
blogs.wsj.com - 11/14/2008
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blogs.wsj.com —
Bank of America will control roughly 11.9% of
the nation’s deposits following its acquisition of Merrill Lynch...
, the Federal Reserve said Wednesday in its regulatory order approving the deal. Before the acquisition, Bank of America had $774.2 billion ...
(more)
Real Time Economics
blogs.wsj.com - 11/7/2008
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blogs.wsj.com —
Economists and others weigh in on the decline
in nonfarm payrolls and the rise in the unemployment...
rate . We are on track for the longest and deepest recession of the post-war era and policy will go all out to try to mitigate it. We expect the Fed to ...
(more)
Real Time Economics : Economists React: Jobs Data ...
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Paradox of Thrift
The Learning Curve by Muckdog —
... clear that Yahoo didn’t want to sell the business to us and we moved on,” Ballmer said. “We are not interested in going back and re-looking at an acquisition. I don’t know why they would be either, frankly. They turned us down at $33 a share.” Playboy's Girl Next Door Kendra Wilkinson is engaged to Philadelphia Eagle WR Hank Baskett! No wonder he's looked a bit lethargic on the field lately. Drop him from fantasy line-ups. Jobs data likely to get worse before getting better. The employment ...
419,000 Jobs Vanish
The Baseline Scenario —
... 240,000 jobs lost in October; September revised from 159,000 to 284,000; August from 73,000 to 127,000. That’s 419,000 jobs less than we thought we had a month ago. It’s 651,000 less than there were three months ago. And because we need 140,000 new jobs each month just to keep place with population growth, that’s over 1 million fewer jobs than the economy would need to maintain unemployment where it was three months ago. Unfortunately, everyone expects this quarter and next quarter to be worse than last quarter. On top of that, unemployment is a ...
Sunday links: Ivy blues
Abnormal Returns —
... Employment figures are going to get worse, before they get better. (Real Time Economics, ...
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nobelprize.org 10/13/2008 — Titles, data and places given above refer to the time of the award.
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marketnewslive.blogspot.com 1/9/2009 — 01/09/09 The reaction to the employment data was already built into the markets, says James McGuire Jr., of Christopher J. Forbes. One of the reasons why you're not seeing a major sell-off.
"This deal's getting worse all the time."
dealbreaker.com 11/11/2008 — Liddy: "Paulson, take the $60 billion in 5 year L+300 bonds and $40 billion in preferred shares and put them in my account."
Paulson: "You said it was $85 billion in 2 year, L+850 bonds!"
Liddy: "I am altering the deal. Pray I don't alter it ...
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