Monthly Archives: June 2009

The labor market has NOT yet signaled a turning point

The rate of decline in employment moderated substantially in May, according to the BLS figures released June 5, to about half the monthly rate of job loss recorded over the preceding six months (345,000 vs. 642,000). The news was received … Continue reading

Posted in Labor Market, Recession | Tagged , | 1 Comment

Telling China to Stop Buying Dollars Now Would Be Even More Foolish Than Before

The current visit of Secretary Tim Geithner to Beijing once again shines the spotlight on the Renminbi (RMB) and on demands by US politicians that the People’s Bank of China (the country’s central bank) abandon the peg to the dollar. … Continue reading

Posted in China, Dollar, International Trade, Obama Administration | Tagged , , , , | Leave a comment