Each Thursday morning, promptly at 8:30 am eastern time, the US Department of Labor dutifully reports the latest numbers on initial and continuing claims for unemployment. This is an eagerly anticipated report coming out of Washington. As it is the best measure of the direction of the labor markets, a key component of the economy.
Labor has also been a critical focus of the real hardship imposed by the Covid Pandemic. What we are experiencing now, is no less than the greatest crisis for labor since the Great Depression of nearly a century ago.
In a week and a half, the first 100 days of the new Biden Administration will come to an end. The sheer number of new initiatives has been impressive. Who can forget the picture of the new …
US Bankers are among the most adaptive and flexible businessmen and women in the world. They have to be, they operate in an ever-changing business environment and an ever-changing …
I don't ever recall a time when the world's two largest economies were headed in the opposite direction, as they are now.
Yesterday, both Bloomberg and the Financial Times reported that …
Over night we saw a lot of continuing news on the Archegos Capital Management Scandal. I call it a scandal because there is much to go around here.
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It's been a long time since we've seriously heard someone on Wall Street speak of Capital Preservation. It's really not what people want to hear about.
Return is the topic of the day. And …
Additionally, many of the government bureaus which produce the economic reports that we rely on are also open this morning. Included in this group is the Bureau of Labor Statistics, which …
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