Retroactive record setting unemployment rates

Little noticed in the media, but there was a big change in labor force stats routinely reported on each month for the Pittsburgh region.

A few may remember this post from April when I mentioned that the Bureau of Labor Statistics was reporting seasonally adjusted unemployment rates for the Pittsburgh region that were different . . . → Read More: Retroactive record setting unemployment rates

Preventing shocks or becoming resilient to them?

My previous blog post, on not cancelling trades after a fat finger trade, elicited some interesting email conversations. In a nutshell, there are two views of the world. One camp argues that it is important to prevent fat finger trades and other such weird episodes. This requires building an array of preventive measures. The . . . → Read More: Preventing shocks or becoming resilient to them?

Economic Events on October 17, 2012

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 8:30 AM Eastern time, the Housing Starts report for January will be released.  The consensus is that construction on 765,000 new homes were . . . → Read More: Economic Events on October 17, 2012