Will Rates Rise?
The FED has announced the end of its Treasury issue purchase program. Market commentators are speculating that bond rates will rise, potentially delaying or stifling economic recovery. I am not so sure. While it will […]
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The FED has announced the end of its Treasury issue purchase program. Market commentators are speculating that bond rates will rise, potentially delaying or stifling economic recovery. I am not so sure. While it will […]
Read moreThe November California jobs report showed the unemployment rate subsiding a bit from 12.5 percent in October to 12.3 percent, the result of a declining workforce and not a result of new jobs. The year-on-year […]
Read moreThere has been a fair amount of chatter lately saying that the Feds are keeping banks from lending. The story goes something like this: Banks can borrow from the Fed at rates near zero. Then, […]
Read moreMany economists declared the recession over after the third-quarter GDP release. We at CERF disagreed and pointed out that almost every long recession has had at least one quarter of positive growth during the recession. […]
Read moreJoel Kotkin sent me this link to a Union Tribune editorial. As Arnold would say, it’s fantastic. When asked about the possibility of suspending AB 32 during bad economic times, Arnold asserts that AB 32 […]
Read moreThe United States employment situation improved substantially in November. The unemployment rate fell a bit and quarter-on-quarter job losses slowed dramatically, almost to zero. This welcome news has been greeted with rises in equities and […]
Read moreThe October California jobs report was released November 20. The statewide unemployment rate increased from 12.3 in September to 12.5 percent in October. We are encouraged by the slight uptick in payroll job counts in […]
Read moreI had to pause when I read George Melloan’s Wall Street Journal piece today. Seems he sees a conspiracy between Treasury and the Federal Reserve to fund the national deficit with bank funds to the […]
Read moreThe BEA’s second estimate of total United States Economic activity, just out today, is 2.8 percent. This is down 70 basis points from the “advance” estimate published a month ago. The change in the estimate […]
Read moreThe Gartner Group released a new outlook report for the global semiconductor industry yesterday, November 16th. There is a bit of optimism in this report! The group has raised their forecast for 2009 based on […]
Read moreThe Association of American Railroads released its Rail Time Indicators report last Wednesday. October United States rail carloads were down 15.3 percent from October 2008 while intermodal traffic was down 11.2 percent. For the first […]
Read moreAfter the kids went to bed last night, I checked the web to see if there was anything new. The Wall Street Journal posts the next day’s op-eds the evening before print publication. So, I […]
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