Five Things: Jobless Turn In, Tune Out, and Drop Off as Benefits Expire

Kevin Depew  Jun 22, 2009 1:05 pm

Five Things: Jobless Turn In, Tune Out, and Drop Off as Benefits Expire
 
Also, TARP Index Return; Florida's Deflationary Spiral continues, and much more.
 

5. News & Weirdness

Dollar Forecast Disarray Signals Volatility Hell in Emerging Market Trade  - Bloomberg
Gotta hand it to the editors at Bloomberg for remaining true to their demographic - presumably, sophisticated professionals who work in financial markets - because I have no idea what that headline means.

Land Deals Help Builders Survive - WSJ
The biggest builders have held on largely due to favorable land deals, loan agreements and tax strategies, WSJ says. Lennar (LEN) and Toll Brothers (TOL) each sold $400 million of bonds in April, Ryland (RYL) $230 million worth.

Why the Fed Isn't Igniting Inflation
- BusinesWeek
This is a secular, not a cyclical, behavioral shift: "Whether it's voluntary frugality or under the coercion of creditors, Americans have abruptly switched from living beyond their means to saving more and working down the debts they incurred during the bubble years."

Good Luck, Not Good Providence, Was at the Core of Happier Times - The Independent (UK)
James Stock and Mark Watson of the US National Bureau of Economic Research asked, "Has the business cycle changed and why?" Their conclusion: the reduction in economic volatility since the mid-1980s was largely due to "luck."

States Turning to Last Resorts in Budget Crisis - NYT
Check out Minyanville's slideshow on this topic, which appeared last Friday.

Economy Leads Some in New York Area to Scrap July 4 Fireworks - NYT
"With budget woes forcing many local governments to slash services and lay off workers, at least a dozen communities in the New York area have canceled their Independence Day fireworks."

Newscaster, Once Mocked, Now Casts Mock News  - NYT
Eight years after leaving CNN as news anchor, Bobbie Battista has resurfaced as an anchor for Onion News Network, the online video arm of The Onion, the satirical newspaper.
37 of 38 (97%) found this helpful
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Comments (5) See All Comments »
06-22-2009, 1:42 pm
Good Call on the Bloomberg headlines - they are the most cryptic headlines. Sometimes, I try reading them backwards to look for hidden message. That is how I found out that "Paul is Dead".
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06-22-2009, 2:48 pm
What we're looking for produces what we perceive. This is easily verified by anyone who has purchased a new car. If you recall, immediately after your purchase you saw an awful lot more of that model of car on the road around you. You don&#
Read More
06-22-2009, 4:59 pm
nice link to the story on bobbie battista, interesting stuff re her work on the onion, "real" media news, shows based on the work the onion laid out (jon stewart, etc)

i guess us here in austin are one of only a few places th
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06-22-2009, 6:23 pm

"About 2.4 million people received benefits under an emergency federal program authorized by Congress last summer and extended by the Obama administration's stimulus package, an increase of more than 102,000 from the previous week. T
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06-22-2009, 8:12 pm
Don't worry David, reality always bites back and usually really hard.
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