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David Kelly, Chief Global Strategist of JPMorgan Asset Management, explains why the US trade deficit with China doesn’t matter. Kelly explains that he runs a trade deficit with Costco and many other retailers. What does matter is whether you run a trade deficit overall. He says the cause for the US trade deficit is the […]

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Americans are increasingly foregoing unemployment benefits as the job market remains strong and the economy shows signs of acceleration. The initial claims of jobless benefits dropped to 192,000 in the week ending April 13, down 5,000 from the week before (pdf). That means less than 59 out of 100,000 Americans applied for the benefits—a record […]

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