From Bonddad: The "Paradox of Savings"
From Bonddad: Translating FED Speak
From Mish: 44 States Face Huge Budge Shortfalls
From Mish: Massive Jobs Contraction in Small and Medium Sized Businesses
Nonfarm Private Employment Highlights:
• Total employment: -693,000
• Small businesses: -281,000
• Medium businesses: -321,000
• Large businesses: -91,000
• Goods-producing sector: -220,000
• Service-providing sector: -473,000
• Manufacturing industry: -120,000
Wednesday, January 7, 2009
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