This is the bomb of economic data. It covers employment levels for non-farm payrolls, and a whole bunch of other core elements that comprise the health, or lack thereof, of the economy.
It's called the ADP National Employment Report in the same way Levi's Football Stadium is called, well...Levi's. ADP is a private, automatic data processing company that works with Moody's to pull this information and send it out to the masses of PhDs in economics to digest every month.
The report comprises four elements. First is the delta in payroll, divided by business size and industry. The second focuses on progress in small business. The third analyzes the health or growth of franchises like McDonalds and Denny's. And the fourth regionalizes national economic ups and downs, focusing on eight states: California, New York, New Jersey, Florida, Illinois, Texas, Euphoria, and Depression.
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Finance: What are Bond Ratings, and What...41 Views
- a la shmoop. what our bond ratings and what do they mean?
all right well pressed, we'd say Sean Connery,
but Daniel Craig has been pretty amazing and exceeded all expectations right? okay [Actors Connery and Craig shown]
okay so we love double-oh-seven but well that has nothing to do with this topic.
here we're referring to how risky or safe a given bond is. if you just landed
on earth remember that a bond is a promise to pay back money after having
rented it in the form of interest payments for a given period of time. and
some bonds are well ,they're risky. famously the bonds issued by the
territory of Puerto Rico went crashing to the ground when the country [Puerto Rican city pictured waving a white flag]
essentially declared bankruptcy in 2017. well corporate bonds die as well as
government bonds. when the internet and wireless technology radically changed
the economics of the radio and newspaper industries well many of those
corporations saw their bonds kissed the perimeters of bankruptcy. so bonds can be
risky despite the vast 99% plus of them who fully pay back their interest and
principal on schedule. but some don't though or have to delay payments or have
other issues and to account for this risk and to communicate that risk to [two workers from Chase bank stand hands on hips shaking heads]
would-be investors, there are rating services who assess the borrower's
ability and likelihood to pay back the money they have promised to the you know
pay back. well the top ratings are shown here,
those triple-a bonds are a really good ones. if a bond flunks completely well it
gets something in the C range. that we have California grade inflation here and [bond rating chart pictured]
you know talk about grading on a curve. and that is how you get your bonds
shaken and not stirred. [man holds martini glass]
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