gold-eagle.com / Frank Holmes / October 20, 2014
The United States is doing better than it has in years. Jobs growth is up, unemployment is down, our manufacturing sector carries the rest of the world on its shoulders like a wounded soldier and the World Economic Forum named the U.S. the third-most competitive nation, [...]
libertyblitzkrieg.com / Michael Krieger / Oct 15, 2014
In July, I published a post titled, Introducing Ghost Skyscrapers – NYC Real Estate Goes Full Retard, in which I highlighted many of the current absurdities characteristic of Manhattan real estate. Of all the points made, the most striking statistic from the piece is the fact that:
libertyblitzkrieg.com / Michael Krieger / Oct 8, 2014
The following article from the New York Times is actually pretty awful. However, the admission that wages have failed to grow in 15 years is important. Particularly in light of the fact that we are five years into the second so-called “recovery” since the turn of [...]
wolfstreet.com / by Wolf Richter / October 8, 2014
OK, we get it. We saw the havoc that the financial crisis, the bailouts, QE, and ZRIP wreaked on jobs. We saw the destructiveness on jobs and the general economy of the corporate focus on deploying the nearly free capital to buy back shares and [...]
blog.milesfranklin.com / By Andrew Hoffman / October 6, 2014
Frankly, it’s impossible to understate how ugly Friday’s NFP report was once one looks past the fabricated, propagandized “headline” number. Recall, we all but guaranteed “higher than expected” job creation and a “lower than expected” unemployment rate; as this was the last NFP report before [...]
marctomarket.com / by Marc Chandler / October 6, 2014
The September US jobs data was stronger than expected. However, US interest rates pulled back after initially moving higher. US rates are edging lower today. This week’s labor market reports include the Fed’s new Labor Markets Condition Index and JOLTS. These are probably more important from [...]
caseyresearch.com / Chuck Butler / October 06, 2014
In This Issue.
* Currencies get beaten about the head & shoulders! * Jobs Jamboree is catalyst for dollar rally. * Goldman says, “not so fast” on rate forecasts. * Indian Gold imports are back!
And Now. Today’s A Pfennig For Your Thoughts.
The Fed’s Don’t [...]
paulcraigroberts.org / Paul Craig Roberts / October 3, 2014
The Bureau of Labor Statistics headline this morning reads: “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.”
How can this be? As I reported yesterday, US corporations are investing in buying back their own stocks, not in new business ventures that produce [...]
davidstockmanscontracorner.com / by David Stockman / October 3,
The September establishment survey showed a 248k job gain, but that was the seasonally maladjusted, preliminarily guesstimated version which will be revised in October and November, and then re-benchmarked several more times in the coming years. So let’s take a pass on the enthusiasm with [...]
jessescrossroadscafe.blogspot.com / 03 OCTOBER 2014
Stocks in the US came off support with a sharp rally based on ‘better than expected’ headline job additions number from the Non-Farm Payrolls Report.
The actual number of jobs estimated to have been added exceeded expectations at 248,000 vs. a consensus of 210,000.
The jobs that were added [...]
traderdannorcini.blogspot.com / Dan Norcini / October 3, 2014
It is quite entertaining reading the barrage of emails that regularly hit my inbox detailing over and over and over, the certain demise of the US Dollar. More often than not, it is the usual gold bug chatter about China buying up all the world’s gold [...]
zerohedge.com / by Tyler Durden / 10/03/2014 09:17
The good news in today’s jobs report is that at 248K, more jobs than expected were added in September.
And now, the bad news.
Recall that with the unemployment rate having become such a joke even the Fed is openly ignoring it as it has [...]
zerohedge.com / by Tyler Durden / 10/03/2014 09:29 -0400
The Wall Street Journal’s Fed-whisperer Jon Hilsenrath has explained (briefly) how traders should think after the better-than-expected (but fewer in the workforce) jobs data…
Via WSJ Real-Time…
The US jobless rate, which falls to 5.9% in September, was already where Fed officials projected last month [...]
zerohedge.com / by Tyler Durden / 10/03/2014 08:40 -0400
If the August payroll print was only +142, since revised to +180, it was largely offset by the September jump, which saw some 248K jobs added int he month, beating expectations of a 215K print, with a net prior revision of +69K jobs. And while with [...]
zerohedge.com / by Tyler Durden / 10/03/2014 08:18 -0400
With the September jobs report, perhaps one of the most irrelevant monthly updates from the BLS in a long time, due out in less than half an hour, BofA’s Chart of the Day looks at what has become the most sticky issue in the monthly jobs [...]
zerohedge.com / by Tyler Durden / 10/03/2014 07:06 -0400
The major banks predict how many jobs the BLS will reveal were added in September. Here are the numbers:
Citigroup 175K HSBC 200K Deutsche Bank 200K JP Morgan 225K Morgan Stanley 230K Goldman Sachs 230K BofAML 235K UBS 250K
And here is RanSquawk’s summary of [...]
kingworldnews.com / October 3, 2014
In the aftermath of the release of the controversial Goldman Sachs tapes, today King World News spoke with the man the Fed called on to execute QE1 and who also set up the Fed’s massive trading room, former Fed member and former Managing Director at Morgan Stanley, Andrew Huszar. [...]
zerohedge.com / by Tyler Durden / 10/01/2014 08:22 -0400
Despite Mark Zandi’s promises that all is well in the US economy, ADP had dropped (and missed) two months in a row prior to today’s print but a very small rise and beat this month (213k vs 205k expected and 205k previous) shows some stability. Of [...]
arabianmoney.net / 29 September 2014
With the third quarter ending Tuesday and the monthly jobs report Friday, there seems to be no shortage of reasons for more volatility ahead for stocks following on from last week’s wild ride. Futures pointed to a lower open while gold and silver prices ticked higher.