Economics >>>

    Jobs Report May Show Modest Gains With Low-Wage Bias

    Friday’s November nonfarm payroll report should mirror the modest increase in third-quarter output with job gains near the six-month average of 190,000. The Bloomberg consensus forecast is for 185,000 new jobs created. While gains near the six-month average will continue to slowly bring down the U.S. unemployment rate, the majority of jobs are still being created in the low-paying service sector. Click here to [...]

    Boyd Hopes for Fed Aid to Call Bonds in 2014

    Boyd Gaming may try to lower the cost of some of its $4.3 billion in debt in 2014 if the Fed continues its bond-buying programs that are keeping interest rates low, according to CFO Josh Hirsberg. Click HERE for more.

    MDC Looks to Cut Leverage With Acquisitions

    MDC Partners aims to use free cash flow on acquisitions to boost earnings and cut indebtedness, said CFO David Doft. It plans to take the ratio of net debt to Ebitda under 2.5 times, from 3.1, in two to three years, Doft said. Click HERE for more.

    ECB May Pursue QE Policy Amid Slowing Inflation

    The European Central Bank will probably be forced to ease monetary policy again as inflation decelerates. It may eventually choose to conduct a policy of quantitative easing. Click here to continue reading sample article.

    Fast China Growth Unlikely Even With Reform Efforts

    The Chinese economy is like a bicycle. Ride at an unsustainably high speed and the bicycle will spin out of control. Move too slow and the bicycle will lose momentum and topple over. In the previous week, investors, made impatient from the speculation and the anticipation over the Communist Party plenum, reacted with disappointment at the indefinite wording of the initial communique. Yet, changes in the existing policy regime [...]

    Economics Asia Supplement: China’s Reform Plan

    Below is a link for Bloomberg’s “China’s Reform Plan,” a collection of commentaries, compiled by the editors of Bloomberg’s Economics Asia and China Briefs, that showcases the responses of leading analysts and academics to key elements of the country’s reform package. To view the supplement, click the link below. Inside: A Bloomberg Brief analysis [...]

    Ripple Effects From Government Shutdown to Last Until May

    Since the U.S. government shutdown came to an end on Oct. 17, attention has turned to its potential lasting effects on the economy. A consensus emerged early on of output losses, but data from our global survey of finance professionals suggest a more nuanced picture. Click here to continue reading sample article. Please note full access is available to subscribers.

    Investors Should Expect Major Distortions in Jobs Report

    Friday’s U.S. October nonfarm payrolls report will show major distortions due to the recent government shutdown and seasonal increases in state and local government hiring linked to education. The result will probably be a below-trend pace of hiring for the month and an increase in the unemployment rate. Click here to continue reading sample article.

    Double B Credit Trades Closest to High Grade Since June 2007

    Investors are demonstrating their eagerness to own dollar junk bonds by pushing yields to the least relative to high-grade debt since before the credit crisis. Click HERE for more.

    Nonfarm Payrolls Revisions Foreshadow End of Hiring Cycle

    September’s nonfarm payrolls report showed 148,000 jobs were created, versus expectations of 180,000, a negative surprise of 32,000 jobs. Meanwhile, the prior month’s payrolls were revised up to 193,000 from 169,000, an increase of 24,000. Click here to continue reading sample article.

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