This morning markets cheered an upside surprise in April's US non-farm payroll report. Of 82 economists surveyed by Bloomberg for April 2008, the median expectation was for a job loss of -75,000 (Dow Jones had -85,000) for the month. Estimates ranged from -150,000 to -18,000, with no positive numbers excepted.
Then the big surprise hit at 8:30am, the economy had only lost 20,000 jobs in April. Great news??
Well unfortunately no. Once we understand how the job loss numbers are calculated, it is hard to jump for joy. Here is why. more »
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Books
Press Release Praise for Juggling Dynamite “An explosive critique about the investment industry: provocative and well worth reading.”  –Financial Post“Juggling Dynamite, #1 pick for best new books about money and markets.” –MoneySense“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.” –Toronto Sun
 Click for recommendations. |
Friday, May 2
Employment numbers and BS--or rather BLS
by
daniellepark
on Fri 02 May 2008 11:32 AM EDT
"The Story of Stuff' and our economy
by
daniellepark
on Fri 02 May 2008 10:08 AM EDT
Over 2 million people have watched this video on line. Lately several readers sent it to me.
An interesting glimpse at our consumption culture and the marketing machine that drives us. Perhaps a message that's time has come? Run time is 20 min, see it here: www.thestoryofstuff.com. more » |
Key Interview
Danielle speaks with Jonathan Chevreau on the Financial Post's blog Wealthy Boomer.
Part 1 Part 2 Recent Multimedia
Audio and Video Interviews“Dear Ms. Park, I watched your appearance on BNN today, and I just have to leave you a message saying 'Thank you' for giving viewers your very frank opinions about how things are going and certain industry practices. I appreciated you trying to give as much information as you could during that (too) short segment. Thank you for what you are doing for all investors!” —blog reader, April 30, 2008
“Each time I see Danielle Park on BNN, I am impressed with her comments and insights. Other than Rick Santelli on CNBC, she is the only commentator that I feel is completely honest and trustworthy.” —M. Scher, Toronto
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