zerohedge.com / by Tyler Durden / 02/24/2015 08:53 -0500
As the market anxiously await Janet Yellen’s Humphrey-Hawkins testimony this morning, hanging on every word and intonation, ConvergEx’s Nick Colas is reminded of Harry Truman’s famous request: “Give me a one-handed economist!” The U.S. central bank clearly feels challenged by the cross currents of the global […]
dollarcollapse.com / by John Rubino / February 23, 2015
Today’s existing home sales report was down another 4.9% to an annual rate of 4.82 million units, the lowest in nearly a year. And this, remember, is in the sixth year of a recovery with reported unemployment below 6% and the Fed preparing to raise […]
zerohedge.com / by Tyler Durden on 02/18/2015 15:57
Presented with little comment aside to remind readers what the State Department thinks, “we can’t beat ISIS by killing them” they need jobs…
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, FEBRUARY 17, 2015
Like a star which has expanded and now cannot maintain its grand state, Europe’s extend-and-pretend economy is now poised to experience a supernova implosion.
The costs of ill-conceived policies are always paid by someone–usually those with the least political power. In ill-conceived wars, the costs […]
paulcraigroberts.org / Paul Craig Roberts and Dave Kranzler / February 10, 2015
As John Williams (shadowstats.com) has observed, the payroll jobs reports no longer make any logical or statistical sense. Ask yourself, do you believe that retailers responded to the very disappointing Christmas season by rushing out in January to hire 46,000 more retail […]
zerohedge.com / by Tyler Durden on 02/10/2015 19:30
It appears someone forgot to tell The Federal Reserve Bank of New York (FRBNY) how to ‘seasonally-adjust’ its data to meet the narrative. In February’s survey of consumer expectations, FRBNY reports a collapse in consumer spending growth expectations in January. Even more worrying for President Obama’s “middle-class […]
zerohedge.com / by Tyler Durden on 02/10/2015 13:50
But everything was supposed to be fixed?
*HALLIBURTON WILL CUT 5,000-6,500 JOBS: HOUSTON BUSINESS JOURNAL
WTI is tumbling down 5%, nearing the crucial $50 level…
marctomarket.com / by Marc Chandler / February 10, 2015
The yen is being sold in early North American activity. The rise in 10-year US yields back above 2.0% and the rally in stocks are the major weights. In our weekly technical note, we cited the trend line drawn off the December 8 high near […]
zerohedge.com / by Tyler Durden on 02/09/2015 15:07
But, the jobs data was awesome? Greece is contained? “goldilocks”??
marctomarket.com / Dr. Win Thin and Ilan Solot / February 9, 2015
The rebound in oil prices and the sliver of hope of a peace treaty in Ukraine is serving to soften a few of the trends in EM assets in recent months. We doubt that this is the start of a new trend, […]
mises.org / Andrew Syrios / FEBRUARY 9, 2015
Raising the minimum wage has become the cause célèbre for many on the progressive left. Most notably, Seattle has passed a $15 per hour minimum wage. In addition, California lawmakers are trying to pass a state-wide $13 per hour minimum wage and President Obama is supporting […]
caseyresearch.com / Ed Steer / February 07, 2015
¤ YESTERDAY IN GOLD & SILVER
I’d forgotten all about the jobs report when I first saw the precious metal charts yesterday morning—and the price activity made perfect sense once I discovered that fact.
The gold price rose and fell a few bucks during the Far East […]
jessescrossroadscafe.blogspot.com / 06 FEBRUARY 2015
The big tickle today was the jobs report. They went back and greatly revised the numbers for at least all of 2014. I really did not have the time today for the kind of analysis I would like to give a change of that magnitude.
But let’s just say […]
wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest / February 6, 2015
It has been almost 6 years since the NBER declared that The Great Recession was over. And it is almost 7 years since The Federal Reserve adopted their zero interest rate policy (ZIRP). So, is it time for the monetary Leskovites […]
libertyblitzkrieg.com / Michael Krieger / Feb 6, 2015
This morning, my Twitter stream was filled with some of the most outlandish bullish economic victory laps from pundits I’ve ever seen. The source was the monthly employment report, which showed a larger than expected increase in employment as well as higher wages. In addition, […]
zerohedge.com / by Tyler Durden / 02/06/2015 11:27
While one of the much trumpeted highlights of today’s jobs report was the 0.5% jump in average hourly earnings, the reality as even Goldman’s Jan Hatzius is quick to note, is that on an annual basis, wage growth is still stuck near the lowest levels recorded since […]
zerohedge.com / by Tyler Durden / 02/06/2015 10:41
As already observed, when it comes to tracking the job losses in the energy space, the BLS had some rather significant “seasonally-adjusted” or otherwise issues in January, reporting just 1.9K job losses in the oil and energy exploration space, when the reality was orders of magnitude […]
kingworldnews.com / February 06, 2015
With markets on the move on the heels of today’s Jobs Report, below legendary Jeremy Grantham warns “Nothing like this has ever been experienced before.” Another legend in the business repeatedly cautions people to keep an eye on bank runs in Greece.
By Art Cashin Director of Floor Operations […]
zerohedge.com / by Tyler Durden / 02/06/2015 09:06 -0500
As reported first thing this morning, in addition to the jobs and wages numbers, perhaps just as importantly, the BLS would revise its entire 2014 jobs data series, which it did today as it noted:
Establishment survey data have been revised as a result of the […]
marctomarket.com / by Marc Chandler / February 6, 2015
The ECB’s decision yesterday to no longer accept Greek government bonds or state- guaranteed paper, but approving Emergency Lending Assistance (ELA) by the national central bank remains a key talking point today. The timing of the decision, following the meeting between new Greek Finance Minister […]