Here's your Economy Corner Update! Yeah!

The economy is just about the most boring thing imaginable, but its probably the thing that affects your life more than anything else, as meta-issues go. But now, at long last, you have "The Mookblog's Economy Corner Update!" Exciting economic news delivered to you once a week in a way that will keep you coming back for more!

THIS WEEK . . . .

Our economy is looking pretty darn good!

--So says the Conservative Truth Squad in this piece on job creation. Yay!

--Here's why, according to the Christian Science Monitor: "Productivity growth is slowing - it was up only 1.9 percent in the third quarter - so companies have to start hiring people." Hurray for slacking on the job!

--The Federal Reserve has been steadily ramping up interest rates-- and that's a good thing! Take this fun quiz on the Fed and how it affects you!

--The price of oil is finally coming down on news that supplies are on the rise. Yummy!

--On the Stock Market:

Bulls saw a three-week run that culminated with last Friday's strong October
payrolls report. That advance put the Dow and Nasdaq near new yearly highs and
set the S&P 500 at a more than 2-1/2 year high.

Go Bulls!

--Wow! Some awesome post-election economic analysis! I love it!

--Uh oh! The value of the dollar is dropping like crazy! But don't worry:

A depreciation in the dollar is usually welcomed by U.S. businesses because it
makes U.S. goods relatively cheaper both at home and in global markets. Just a
few years ago, U.S. manufacturers were lobbying the administration to take steps
to weaken the dollar.

Fall, dollar, fall! :)