◀ The Principal Blog

Posts by Robin Anderson, Economist, Principal Global Investors

Vultures, a Ship, and RUFO: The Weird Tale of Argentina’s Latest Default



Last week, Argentina fell in default…again. Argentina last failed to make payments on its sovereign debt obligations in 2001, to the tune of $80 billion. Market reaction outside of Argentina to the most recent stumble was generally muted.  The U.S. stock market was down last week, but mostly…

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Unemployment Rate Falls for the Right Reason – June 2014 Jobs Report (Video)



The June jobs report came out on Thursday, July 3. Overall, the report was positive with widespread job gains. Employers added 288,000 jobs, significantly more than economists were anticipating and marking the fifth straight month where employers added 200,000 jobs or more. Here are some thoughts…

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