Startups Create Jobs

By Econ70 | 04/29/2011

The perception is that small business creates most new jobs. NO! The best predictor of job creation is age of firm. Younger firms create more jobs regardless of size. New firms operate in a volatile “up or out” environment. After 5 years many young firms fail. But, those that survive continue ramping up and grow…

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LOSING LONDON

By Econ70 | 01/26/2011

On the Data Front: December consumer spending surprised to the high side at 0.6% (consensus was 0.3%) and oil is down from its lofty heights on talk of increased supply coming out of Riyadh. Gold is also down based on the illusion that Germany will bail out the whole Club Med area. However, the big…

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CONSUMER CONFIDENCE?

By Econ70 | 01/26/2011

26 I think consumers felt better as ‘11 got underway. According to the latest Conference Board survey the index came in better than expected in Jan. rising to 60.6 from 54 in Dec. But, the Univ. of MI Consumer Confidence survey showed a near-two point dip in Jan. To put the CB’s Jan reading of…

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