Tag Archive for Paying Attention

Unreported Bedlam In Treasuries Signals Massive Panic

The following is an extended excerpt from the Wall Street Examiner Professional Edition weekly Treasury update. The subscriber link to the full report is at the end of this summary. Last week was a light auction week with a net of just $3 billion in new supply settling on Thursday. That took the pressure off…

Weak Employment Growth Should Not Have Surprised

The market was disappointed with Friday’s employment data. But actual total employment, as opposed to the widely reported seasonally adjusted numbers, was nowhere near the catastrophe that the market’s reaction made it seem. The problem was that economists’ expectations were misguided, partly as a result of their focus on seasonally adjusted fictitious data which in…