Senior Market Strategist Richard Ilczyszyn discusses the recent unemployment report and what it means for the economy. Richard also discusses the prospect of a jobless recovery and whether or not it could be sustainable. This video is part of our “Lind Market Recap” webinar series. Richard also presents a monthly webinar entitled “The Business of [...]

Interesting blog post today from the Enterprise Blog. Despite all the references we’ve had to this being the biggest downturn since the Great Depression, many are overlooking the harsh economic conditions of the early 1980s. Here’s an interesting chart that compares today’s economic indicators with those in the early 1980s. (click to enlarge)

The unemployment rate fell to 9.4 percent in July, according to the Labor Department today. The report showed that the economy shed a less-than-expected 247,000 jobs in July, compared to the 443,000 loss in June. The fall in the unemployment rate (previously 9.5 percent) was unexpected and the stock market rallied at the open. Of [...]

Buffett: My Fix for the Economy – CNNMoney Time to Bet on an Oil Crunch – CNNMoney Trichet Says ECB Discussed Rate Cut as Growth Slowed – Bloomberg Lumber Plunges to 17-Year Low as Slumping Economy Cuts Demand – Bloomberg Gold, Silver Futures Fall On Speculation Bailout Bill Will Pass – Bloomberg Short-Selling “Math Geek” [...]

Treasuries a Safe-Haven in Times of Crisis By Greg Perlin An avalanche of negative news swept the markets yesterday. To summarize the events, two Wall Street titans will essentially disappear. Lehman Brothers filed for bankruptcy and Merrill Lynch agreed to be acquired by Bank of America. The stock market really has taken a hit and [...]