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“Economists were therefore left scratching their heads when it was revealed only 36,000 jobs were added but that the unemployment rate had plunged to 9.0%.  Snow or not, it just didn’t add up.  Was the result good or bad?  The answer seemed to be bad, which actually means good because it means QE2 is well [...]

Recently, the US Federal Reserve downgraded its forecast for 2011 and 2012. Initially many – economists and other people that consider themselves ‘in the know’ – suspected growth would be anywhere between 3.5 – 4.2% for 2011. However, it turns out the Fed now believes growth will be between 3% – 3.6% for 2011. This [...]

The Chinese consumer price index (CPI) came in yesterday and the result was pretty much as expected: the cost of living in China is increasing. The CPI increased 4.4% overall, and what would set off alarm bells in most countries was the 10.1% rise in food prices. Now, I’m not quite sure if palm oil [...]

That’s today’s headline. The headline for Monday’s Money Morning will be the follow on… “How a Housing Index Could Work”.
Yesterday I mentioned that the Australian Securities Exchange (ASX) is considering offering an index based on residential house prices.
The index – from what we can gather – will allow investors to bet, gamble or punt [...]

As the Federal Reserve Bank meets this week to decide the fate of interest rates, you can’t help but wonder why they bother meeting at all.
Maybe the catering team make really good sandwiches.
Perhaps we’re being a little arrogant, but really, what are the chances the Fed are going to surprise the markets and increase rates?
I’d [...]

“It takes great courage in a time of crisis to do nothing.”
We think we’ve just found the new motto for Money Morning. We’re pretty sure we’ve come across that quote before, but for some reason when we heard it yesterday it’s the first time it’s stuck in our head.
But we also love this quote [...]

This week we’ve made a conscious decision not to write about p——y or h—–g. Even though we’ve come across a few gems worth commenting on. And even though several readers have sent us a couple of choice morsels too.
But, we’ll stick to our guns and leave any p——y or h—–g comments until next [...]

A quick follow on from yesterday’s Money Morning. We like this quote we’ve found from Professor Walter Block:
“Consider a man and a woman each with a productivity of $10 per hour, and suppose, because of discrimination or whatever, that the man is paid $10 per hour and the woman is paid $8 per hour. [...]