garynorth.com / by Gary North / December 17, 2014
If the price oil fell to $3 a barrel, and it stayed there for 10 years, that would be a good thing.
What if this led to massive unemployment in the oil industry? That would be a good thing.
But isn’t the primary task […]
zerohedge.com / by Nick Colas via ConvergEx / 12/18/2014 11:37
The drop in oil prices is certain to cause some incremental unemployment in the U.S. energy industry; the question is simply how much and what that means for the American economy as a whole.
To begin the search for answer, you have to […]
gold-eagle.com / Peter Schiff / December 15, 2014
The stunning 40% drop in the price of oil over the past few months has scrambled global economic forecasts, changed the geo-political landscape, and has severely pressured many energy sector investments. Economists are scratching their heads to determine if the drop is good or bad for […]
paulcraigroberts.org / By Paul Craig Roberts / December 15, 2014
The gangsters who run the US financial system have determined opponents. Among them are Elizabeth Warren, Nomi Prins, Pam and Russ Martens, Michael Hudson, and David Stockman.
I have often expressed my admiration for Warren, Prins, Martens, and Hudson. In his latest column, David Stockman […]
davidstockmanscontracorner.com / By James Rickards / December 14, 2014
Don’t ever think for a minute that the central bankers know what they’re doing. They don’t. And that’s my own view, but I’ve heard that recently from a couple central bankers. I recently had spent some time with one member of the FOMC, the Federal Open […]
goldcore.com / By Mark O’Byrne / 10 December 2014
Syriza say that they will renegotiate with the Troika and increase public spending which may put bondholders at risk. Britain’s Independent quotes Charles Robertson from Renaissance Capital warning that “a possible Syrizas election victory may force the Eurozone to choose between a fiscal union or the […]
market-ticker.org / by Karl Denninger / 2014-12-06
The gushing over the employment report was enough to make me retch, and the fact that utterly nobody called anyone on it is even worse.
The U.S. economy added 321,000 jobs in November, the strongest month of hiring since January 2012, while the unemployment rate held at […]
Louise Rosskam General store in Lincoln, Vermont Jul 1940
theautomaticearth.com / by Raúl Ilargi Meijer / December 6, 2014
“Friday’s turbocharged jobs headline came thanks to seasonal adjustments and other wizardry at the Bureau of Labor Statistics ..”
• The ‘You Want Fries With That?’ Jobs Report (CNBC)
Consider it a brutal lesson in […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / December 05, 2014
The payroll survey shows a net gain of 321,000 jobs vs. a Bloomberg consensus expectation of 230,000 jobs. September was revised up from 256,000 to 271,000. October was revised up from 214,000 to 243,000.
The unemployment rate was steady although employment only […]
zerohedge.com / by Tyler Durden on 12/05/2014 11:40
Consider: European stocks just closed at their highest since Jan 2008; Spanish bond yields hit a record low 1.803% and Spanish youth unemployment hovers near a record high 53.8%; Italian bond yields hit a record low 1.72% and Italian youth unemployment is at a record 43.3%. […]
zerohedge.com / by Tyler Durden / 12/05/2014 08:39 -0500
If the Fed needed a flashing red light that the time for a first rate hike is overdue, it just got it moments ago when the BLS reported that in November some 321K jobs were added, a 4 sigma beat to the 230K expected, and well […]
zerohedge.com / by Tyler Durden / 12/05/2014 07:38 -0500
Here is the bogey for today’s NFP number, which consensus expects will print at +230K (on a +300K whisper number), leading to a 5.8% unemployment rate, as some 93+ million Americans – driven by millions of Millennials – continue to languish outside of the labor […]
thecommonsenseshow.com / by Onan Coca via Freedom Outpost / Dec 3, 2014
Wow. President Obama and his Democrat cronies have done it again. They are once again showing the nation the incredible amount of disdain they have for the American people. This time, it’s the perfect storm of Obamacare, Amnesty and Unemployment…
The Democrats under […]
zerohedge.com / by Dr. Ulrich Salzer / 12/02/2014 21:59 -0500
The leading macroeconomic Nobel-Laureates, the Central Bankers as well as most Politicians have reduced their economic judgment on how to get the economies in Europe and Japan back to sustainable growth on just two recipes: public investments in infrastructure to be financed by additional […]
zerohedge.com / by Tyler Durden / 12/03/2014 07:11 -0500
Those wondering why European stocks are higher but off earlier highs, the answer is simple: the latest Service ISM was bad but it wasn’t a complete disaster. And while RanSquawk notes that “the particularly disappointing slew of Eurozone Service PMI’s from France and Spain capped any […]
dollarcollapse.com / by John Rubino on November 30, 2014
Last week saw the global financial system tip from delusion — where it had happily drifted for several years — into chaos. Consider the following more-or-less randomly chosen data points:
French unemployment hits record high
Italian unemployment hits record high
Left to right: Pablo Iglesias (party leader), Carolina Bescansa (party member) and economists Vincenç Navarro and Juan Torres, present Podemos’ economic program.
globaleconomicanalysis.blogspot.com / by Michael Shedlock / November 30, 2014
The Podemos party, a far-left populist party in Spain led by Pablo Iglesias, has come from out of nowhere to lead the polls.
globaleconomicanalysis.blogspot.com / by Mike “Mish” Shedlock / November 29, 2014
The string of unexpectedly bad news in the eurozone continues unabated as Italian Unemployment Rate Rises to Record, Above Forecasts.
The unemployment rate rose to 13.2 percent from a revised 12.9 percent the previous month, the Rome-based national statistics office Istat said in a preliminary […]
zerohedge.com / by Tyler Durden on 11/28/2014 20:00
Yesterday it was the French, with record high unemployment and record low bond yields. Today, it is the turn of the Italians as the unemployment rate rose to 13.2% – the highest since records began – as bond yields continue to plumb new “lower rates will […]
zerohedge.com / by Tyler Durden / 11/28/2014 07:03 -0500
The biggest, and most market-moving, event overnight continues to be yesterday’s shocking OPEC announcement, which is still reverberating across the energy space as markets largely ignore European and Japanese inflation data which is once again sliding back dangerously fast, or Italian unemployment which rose more […]