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Jerry Jordan

“Strong” and “Weak” Currencies

Is a “strong dollar” good or bad?  If the currency of another country is pegged to the US dollar, and the US dollar is “strong,” is that good or bad for the other country? A recent Wall Street Journal article was titled “Heat is on Currencies with Pegs to Dollar” and the subtitle was “The […]

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Robert Hughes

Labor Market Indicators Remain Upbeat

Newly updated indicators for the labor market suggest a positive outlook for the economy. The Job Openings and Labor Turnover Survey for November shows the number of open positions in the private sector rose by 21,000 to 4.97 million. Adding in a 48,000 increase in the number of open government jobs, and the total number of open positions in the economy stands at 5.52 million, the 11th month above 5.5 million in the past 20 months.

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