The End?: Gregor Weekly Macro Note

• Gregor Macdonald
• March 6th, 2010

Apparently the (labor) recession ended while I was attending the MIT Energy Conference in Cambridge-Boston on Friday. Job losses came in less than expected and the economists who are prone to keep things simple were generally quite upbeat on the report. Bloomberg Radio had two macroeconomic observers back to back on Friday, the first being David Rosenberg who was predictably scathing of the report. However, David was followed by another analyst who described the jobs data as wonderful news, and the hour long radio show went out on a high note. Meanwhile, Apple hit a new all time high on Friday and the Nasdaq now looks poised to break out, at the 2325 level. Save for all the horrible macro data from the past 60 days, therefore, life is good.

My time in Boston gave me a chance to update my economic tour, taken last Summer in the shopping districts of Harvard Square and Newbury Street. I was also able to get a sense of car and train traffic, activity at malls, and even some nightlife. In addition, the Clean Energy workshop I attended in Cambridge, and the conversations I had at the Energy Showcase gave me a sense of mood, surrounded as I was by students, investors, venture capitalists, and company representatives. First, me start off by reporting…(this article continues for subscribers through the membership gateway, on the right side of this page)

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