“US stock futures turn red after jobs report.”
Thus read the top story on MarketWatch.com this morning. Simple enough, right? The economy didn’t add many jobs last month, so investors pulled back.
Oh wait…
The reality is that last month’s jobs report showed the US economy added more than twice as many jobs than most…
Would a 3rd Round of Fed Quantitative Easing be a charm?
Matthew O’Brien, writing last week for The Atlantic, certainly feels it would be. Those who share his sentiments were disappointed when Fed Chairman Ben Bernanke in his hearing before Congress stated “monetary policy is not a panacea”, which many have interpreted as a sign…
Ron Paul’s economic philosophy and book End the Fed got some crucial publicity and thoughtful debate on Saturday. Simon Johnson, MIT economist and former IMF chief-economist, wrote in the New York Times economics blog that more people should take Dr. Paul seriously. Unfortunately he advises Dr. Paul promote some very anti-free market, and counter-productive measures.…
