What caused the Trump rally? on November 21, 2016Why did stock markets suddenly love Tuesday’s election results, after futures trading had forecast losses? Your humble correspondent believes that Donald Trump’s victory speech reassured investors and allowed them to consider the upside of his tax and regulatory policies. But David Primo and Trung Dang of the University of Rochester make the case that what […]
Where are the jobs? on November 6, 2016The National Federation of Independent Business hiring survey, due out later today, will show another poor month for job creation at America’s small businesses. NFIB Chief Economist William Dunkelberg tells us, “Reported job creation remained weak in October with the seasonally adjusted average employment change per firm posting a loss of -0.06 workers per firm.” […]