And it is a rosy one.
And it is a rosy one.
To get a broader view of the U.S. labor market than you would from the official unemployment rate, take a look at this alternative measure produced by the U.S. government’s Bureau of Labor Statistics.
Investors believe that the tide of money unleashed by the U.S. Federal Reserve and that has flooded into emerging markets — an estimated $3.9 trillion of it over the past four years — will now rapidly ebb.
Not only are Chinese authorities probing the business practices of Western multinationals in a range of industries from pharmaceuticals to autos, but U.S. authorities are now doing the same to the Middle-Kingdom activities of at least one New York bank.
The trend unemployment rate points to when the Fed will end its current quantitative easing.
East Asia is the place to be if you want well-funded research and development work. Stay away from Europe.
The U.S. economy’s ability to create jobs as it grows has stalled.
Standard & Poor’s 500 Index closed on Monday at 1,682.5 marking the first time this key Wall Street index exceeded by more than 10% its peak at the climax of the last great bull market in March 2000.
The Fed minutes published last Wednesday revealed so many divergent opinions on the conditions, timing and even direction of any change in monetary policy, that all the recent speeches and press conferences on tapering could reasonably be described as white noise.
From one perspective, the main problem is that the United States has a higher corporate tax rate than any other major country and, unlike other nations, it imposes severe taxes on income earned outside its borders.