Please upgrade your browser to make full use of twiends.   chrome   firefox   ie   safari  
Create your own wall, sign in free!
Nelson Schwartz
Good economic news - a day earlier than usual. Much stronger than expected hiring in June:
Medical Malpractice Premiums have been falling, not just slowing, since 2008.
Retweeted by Nelson Schwartz
% who think at least 10% of world is Jewish Americas: 33% W Europe: 27% MENA: 27% (Jews actually 0.2% of world pop)
Retweeted by Nelson Schwartz
Check out my take on Morgan Stanley and its CEO, James Gorman-a real tale of the new Wall Street in Sunday Biz.
Hiring up, unemployment down but where's my raise? Nowhere in sight in private sector.…
Internals on household survey are just bizarre.
Retweeted by Nelson Schwartz
Labor force fell by 833k, unemployed fell by 733k, employed fell by 73k. Make sense of that.
Retweeted by Nelson Schwartz
Long-term unemployed dropped by 287k to 3.5m. Would be better if not accompanied by such steep declines in labor force.
Retweeted by Nelson Schwartz
White collar prof services wins with gain of 75,000 hires, blue collar manufacturing only adds 12,000.
But fall in participation rate will reignite debate over why people are leaving the workforce, i.e. structural vs. demographic.
One notable improvement in jobs data: drop in U-6, broadest unemployment rate, to 12.3 percent-lowest since Oct 2008…
Good news on hiring, but wages still flat for the rest of us. Welcome to the new normal.
Air & Space Magazine has a longer writeup on that 727 that was stolen from Angola:…
Retweeted by Nelson Schwartz
Super fascinating US history lesson of the day: What went on inside the Fed during financial crisis @NelsonSchwartz
Retweeted by Nelson Schwartz
Key point: they thought it was a choice. RT @NelsonSchwartz: Was letting Lehman fail in 2008 the right call?
Retweeted by Nelson Schwartz
Other Fed officials, like Hoenig and Lacker, were sure letting Lehman go was the right call.
Eric Rosengren of the Boston Fed was unusually prescient about what Leman's failure would mean in 2008.
Was letting Lehman fail in 2008 the right call? Check out the debate at the time among Fed officials on @nyteconomix
Ms. Yellen - Distribution of spending across households is very unequal. Yup.
A first taste of the problem with IOER: A congressman points out the Fed is paying banks higher interest rates than seniors get on savings.
Retweeted by Nelson Schwartz
"@NelsonSchwartz: Yellen says "lots of people" have stock market exposure but 50% don't have any at all." Welcome to being ignored #poor
Retweeted by Nelson Schwartz
Ms. Yellen: No conflict most of the time, and especially now, in terms of balancing dual employment and price stability mandates.
Ms. Yellen - I support both mandates: employment and price stability.
Rep. Scott of Georgia to Ms. Yellen: "We need you to be bold." Employment mandate like a "step-child."
5 minute recess in Yellen hearing. Time for a Starbucks venti bold.
Yellen says "lots of people" have stock market exposure. In fact, 50% don't have any at all - even including retirement plans, pensions etc.
Agree with @mattyglesias and @AnnalynKurtz on smart Maloney questions. Glad I didn't step away for Starbucks.
Reverse course and increase asset purchases? Only in the event of a significant deterioration in the economic outlook, Yellen says.
Yellen says she was "surprised" by weak jobs numbers in December and January. But too soon to say if it marks a deeper slowdown.
Yellen declines to back more infrastructure spending. Maybe she remembers how Greenspan's endorsement of Bush tax cuts in 2001 worked out.
Fed tapering not on a pre-set course, in other words, same-old, same-old from Yellen.
Yellen said she is a "sensible" central banker. Phew.
So far, so good - Wall Street likes what it hears from Yellen, with stocks up about half a percent in early trading.
@NelsonSchwartz OK. Thanks. I just thought it got lost in translation during this huge media storm :-) @CopenhagenZoo
Retweeted by Nelson Schwartz
This might be the best-written article about a giraffe in the history of articles about giraffes.… @NelsonSchwartz
Retweeted by Nelson Schwartz
Beloved giraffe or surplus animal? What's your take? Anger Erupts Over Danish Zoo’s Decision to Put Down a Giraffe
Tune in to @NewsHour Weekend at 6 pm Sunday EST - Discussing business and the eroding middle class with @hari
Going on Al Jazeera America's @AJConsiderThis at 10pET to discuss jobs data and the middle class. Tweet your questions now to @HermelaTV
In May, Oberlander wrote on "cowardly" DOJ move to seize AP phone records:
Retweeted by Nelson Schwartz
Don't blame the weak jobs numbers on the cold etc. last month - hiring was strong in construction, a sector that is sensitive to weather.
A disappointing start to 2014 for the economy, as job growth is weak again.
Hey big spenders: How rising inequality is skewing consumption @NelsonSchwartz
Retweeted by Nelson Schwartz
ICYMI: Really interesting piece by @NelsonSchwartz on retailers' response to income polarization.…
Retweeted by Nelson Schwartz
The Middle Class Is Steadily Eroding & The Rich Are Doing Mighty Fine--Just Ask the Business World:… @NelsonSchwartz
Retweeted by Nelson Schwartz
The decline of the middle class- interesting piece by fellow Fortune mag alumnus @NelsonSchwartz…
Retweeted by Nelson Schwartz
So @NelsonSchwartz wrote a fascinating inequality story today: He's also criminally underfollowed. Remedy that? #FF
Retweeted by Nelson Schwartz