Economics Update

While the (only relative to prior months) good job numbers for July got their own post, there is other news out there.

Most notably, conflicting figures on two important economic indicators, with the Baltic Dry Index hitting a 10 month low, indicating that international shipping is hurting, but the July Manufacturing hour numbers up.

Not surprisingly, the job numbers increased risk appetite, and so Treasuries fell, and their yields rose, as people pulled out of them in search of a greater return.

Currency and energy have me confused.....Good jobs news should push the dollar down, as there is less of a flight to safety, and oil up, as it signals increased demand, but today, the dollar rose sharply, and oil fell.

You know, as much as I blog about this stuff, I really don't have a damn clue.