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Economic and and financial news and analysis

Deconstructing The “Massive Beat” in Employment Data- Corrected

Editor’s Note: The earlier version of this article included unadjusted numbers derived from a spreadsheet error. The error resulted in the not seasonally adjusted month to month employment declines being understated. The data has been corrected. The analysis and conclusions are unaffected. Thanks to rdkyote for bringing this to my attention! The headlines are blaring…

TBAC Meeting Minutes Released

This is always interesting reading. I haven’t read it yet, and post it here for your amusement. I’ll include my comments in the next Professional Edition Treasury update tomorrow evening. Minutes of the Meeting of the Treasury Borrowing Advisory Committee the Securities Industry and Financial Markets Association January 31, 2012 The Committee convened in closed…