Some Common Cents for July 15th 2016

July 18, 2016, by John Norris

The cover of The Economist for the first week of November 1997 is one of my all time favorites. Here it is, and a quick note to the good folks at the magazine: I am not making a dime from this, but thanks: If you are reading this on your phone, you might have a hard time reading the captions. On the far left, a broker is telling a client over the phone “I’ve got a...

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Some Common Cents for July 8th 2016

July 8, 2016, by John Norris

This morning, the Bureau of Labor Statistics (BLS) released the Employment Situation report for June 2016. It was pretty good, as the economy apparently created 287K net new jobs last month. That number is even better when you consider employers only created 11K during May. In truth, this wild swing was undoubtedly due to problems with the ‘seasonal adjustment factors’ the BLS uses to smooth out monthly vagaries. To that end, May job gains were...

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Some Common Cents for July 1st 2016

July 1, 2016, by John Norris

I suppose it would be appropriate to write about what I learned from the fallout due to last week’s referendum on the European Union in Britain, the Brexit. Here goes: British political leaders resign when things don’t go their way. That about sums it up. Other than that, it is hard to glean too much insight other than the world doesn’t seem to think the long-term economic impact is meaningful, at least as I type. After...

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