◀ The Principal Blog

Posts by Bob Baur, Chief Global Economist, Principal Global Investors

Do Pint-Sized Payrolls Mean a Tepid Taper?



169,000 new jobs in August. Sounds pretty good…unless you were expecting 180,000. Combine that with June and July gains getting revised down by 16,000 and 58,000, respectively…and you get something that falls somewhere between ‘super tepid’ and ‘lackluster.’ So, when the Federal Reserve…

Read more

What the Fed Said, or, What You Heard Isn’t What I Meant



I know you think you understand what you thought I said, but I’m not sure you realize that what you heard is not what I meant. Alan Greenspan said it, but it certainly captures what current Fed chairman, Ben Bernanke, has to be thinking. In his efforts to be open and transparent, Bernanke has…

Read more

Recent