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.
goldbroker.com / Philippe Herlin / Sep 25, 2014
Average growth in Europe, Japan and the United States keeps slowing down when compared with previous decades: It is near zero in Europe and Japan, and 2% in the U.S. Inasmuch as, in those countries, innovation is still thriving, many new services are being offered, many start-ups [...]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, SEPTEMBER 23, 2014
If we choose metrics unwisely, we create self-destructive choices, policies and goals.
Yesterday, I explained why GDP = Waste. This raises a larger issue: we shape our choices and goals to optimize what we choose to measure. If cholesterol is established as [...]
zerohedge.com / by Tyler Durden on 09/23/2014 20:43
China is increasingly relying on ‘student interns’ to make gadgets like iPhones in Western China, according to The Wall Street Journal, where lower wages make it harder to attract ‘real’ migrant workers. As the following brief clip explains, the government has created ‘vocational’ schools in very rural [...]
news.goldseek.com / Dennis Miller / 23rd September 2014
That title wouldn’t make for much of a campaign slogan, and yet, it’s the natural outcome of one particular politician’s promise. As the editor of a retirement-focused newsletter, most of the notes I receive about the Affordable Health Care Act, or Obamacare, are first-person accounts of how [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / September 22, 2014
Bidding Wars StopWith cash-paying investors on full retreat, existing home sales dropped 1.8% in August, according to the National Association of Realtors. Lawrence Yun, NAR chief economist says that’s a good thing because “first-time buyers have a better chance of purchasing a home now that bidding [...]
libertyblitzkrieg.com / Michael Krieger / Sep 22, 2014
In an apparent attempt to explain to investors how they can take advantage of America’s transformation into a neo-feudal oligarchy in a 50 page research report, Morgan Stanley has put together some very interesting charts that were highlighted earlier today by MarketWatch.
zerohedge.com / by Tyler Durden / 09/22/2014 09:37 -0400
UK supermarket operator Tesco has suspended four executives after discovering a $408 million “serious accounting issue” in its latest financial statements. In a reflection of Walgreen’s earlier ‘forecassting errors’, it appears everyone’s optimism is now costing them their jobs as Tesco admits the [...]
thedailybell.com / By Staff News & Analysis / September 22, 2014
Global deal on growth as G20 agrees to add 1.8pc to economic output … A GLOBAL deal on growth appears on track to create millions of jobs after the world’s most powerful finance ministers announced plans to add at [...]
streettalklive.com / Lance Roberts / 08 September 2014
“There are three types of lies; Lies, Damn Lies and Statistics.” – Mark Twain
Last week, Adam Hartung qualified for the “Mark Twain Award” if there was such a thing. In his article, “Obama Outperforms Reagan On Jobs, Growth & Investing,” Adam goes [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / September 09, 2014
A chart of hours worked shows the average work week has returned to pre-recession levels.
Average Work Week
Moreover, note that the number of part-time jobs has been relative steady in the recovery.
Employed Usually Working Part Time…
thedailybell.com / By Staff News & Analysis / September 09, 2014
U.S. Economy Still Missing: 3.9 Million Prime-Age Jobs … Today’s U.S. jobs report, which showed nonfarm payrolls increasing by a meager 142,000 jobs and the unemployment rate falling 0.1 percentage point to 6.1 percent in August, will undoubtedly rekindle [...]
theeconomiccollapseblog.com / By Michael Snyder on September 8th, 2014
According to the Federal Reserve, the percentage of American families that own a small business is at the lowest level that has ever been recorded. In a report that was just released entitled “Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey [...]
wolfstreet.com / By Lee Adler, The Wall Street Examiner / September 8, 2014
Let’s cut to the chase: There were 1,446,000 fewer people working full time in August 2014 than in August 2008, according to the Bureau of Labor Statistics household survey (CPS).
That’s after an increase of 210,000 full-time jobs in August. That’s [...]
caseyresearch.com / By Chuck Butler / September 8, 2014 4:48am
In This Issue.
* The no rate hike campers in the U.S. rejoice! * Currencies rally on Friday, but turn around today! * Data is all back of the week loaded this week. * China books a record Trade Surplus!
And Now. Today’s A Pfennig [...]
davidstockmanscontracorner.com / by David Stockman • September 8, 2014
CNBC’s long-running “jobs Friday” fetish is getting downright appalling. Each month the BLS puts out a treasure trove of data on the rich and complex mosaic of the US labor market—-a download that embodies a truly frightening trend of economic failure.
paulcraigroberts.org / By Paul Craig Roberts / September 8, 2014
The Dow Jones stock average closed Friday at 17,137, despite the fact that the payroll jobs report was a measly 125,000 new jobs for August, an insufficient amount to keep up with the growth in the working age population.
The low [...]
theeconomiccollapseblog.com / By Michael Snyder / September 7th, 2014
Should we be concerned that the percentage of Americans that are either working or looking for work is the lowest that it has been in 36 years? In August, an all-time record high 92,269,000 Americans 16 years of age and older did not “participate [...]
caseyresearch.com / Ed Steer / September 6, 2014
¤ YESTERDAY IN GOLD & SILVER
After “da boyz” took another small slice off the gold salami in the first hour of trading after the markets opened at 6:00 p.m. on Thursday evening, the gold price rallied back to slightly above unchanged—and stayed there until the 8:20 [...]