Employment in Manufacturing and Government and the Deficit with China

I heard a couple of talkers on business news and talk radio note that government employment had exceeded manufacturing employment in the United States. When I looked into it, I found the origin of this meme at a blogpost of Fabius Maximus entitled America passes a milestone!, with interesting charts and analysis. The charts . . . → Read More: Employment in Manufacturing and Government and the Deficit with China

Federal Reserve Eases On Interventions

On Thursday the Fed announced that it will end or significantly curb the use of three emergency programs that it had been using to provide cash to brokers and money-market funds.

The developments are additional signs that the Fed sees improving financial markets and that it will begin honoring its promise to back out . . . → Read More: Federal Reserve Eases On Interventions