Today’s employment report from the Bureau of Labor Statistics indicated an increase of 163,000 jobs in July (chart 1). That’s the most jobs added in four months, but still not enough to reduce unemployment. Coming in at 8.3% (chart 2), unemployment continued its four month upward trend. The rise in the unemployment rate was telegraphed around 17 months ago when jobless claims lost their downward momentum and began rising (chart 3). If claims numbers continue at elevated levels, expect more trouble in the jobs market. … [Read more...]
What We’re Reading 8-3-12
Wind taken out of nuclear power’s sails, Clark, Bream and Chazan, Financial Times What to do when your portfolio is off kilter, Vanguard U.S. growth is likely to remain moderate in 2012 and 2013, IMF Fed Weighs Cutting Interest on Banks’ Reserves After ECB Move, Gage and McCormick, Bloomberg How Different States Are Faring During the Economic Expansion, BEA … [Read more...]
Manufacturing Staggers
For the second month in a row manufacturers reported declines (chart 1) in overall business, as recorded by the Manufacturing ISM Report on Business for July. Particularly worrisome for the future of the economy was a continued decline in both New Orders (chart 2) and Supplier Deliveries. These two components of the ISM are seen as leading indicators of economic strength or weakness. New Orders contracted for the second month in a row, while Supplier Deliveries (also known as Vendor Performance) contracted for the sixth month in a row. Backlogs of orders continued to decline as well, … [Read more...]
Facebook Un-Liked by Wall Street
We have warned readers on this website and in our premium strategy reports, Richard C. Young’s Intelligence Report and Young Research’s Global Investment Strategy to avoid Facebook shares. After the company’s first earnings report was released yesterday, those warning were proved prescient. A Reuters report on the release by Alexei Oreskovic and Gerry Shih illustrates the drastic overvaluation that the IPO market attached to Facebook shares. Facebook Inc reported a drastic slowdown in revenue growth and failed to offer financial forecasts to quell fears about its ability to boost advertising … [Read more...]
What We’re Reading 7-27-12
Extraordinary Strains, John Hussman, Hussman Funds “The more troubling issue is that Fed papers on the effectiveness of QE focus almost singularly on the effect of QE on interest rates and risk premiums in the financial markets, with the notable absence of any analysis of the resulting effect on the real economy. This is like showing that squirting gas into an engine will make the engine run faster, without any concern for the fact that there is no transmission that connects the engine to the wheels. In a nutshell, the problem with QE is the lack of any material transmission mechanism from … [Read more...]
Transports Signal Trouble
Our chart of the Dow Transports compared to the Dow Industrials indicates that the transports are breaking down on a relative basis. Resistance established in March and May is about to be broken through, indicating the transports are falling behind the industrials at a faster pace. Transports lead the stock market, and weakness in the economy is often telegraphed by their performance first. Continued weakness compared to the Dow Industrials would not be a good sign for the economy. … [Read more...]
What We’re Reading 7-20-12
Oops: What Bernanke Said Five Years Ago Today, David Wessel, The Wall Street Journal The Facebook Illusion, Ross Douthat, The New York Times The 20 Worst-Performing IPOs Since 2008, Myles Meserve, Business Insider Living In The Dark: Why The U.S. Needs To Upgrade The Grid, Eric Savitz, Forbes What's Wrong With the Federal Reserve?, Allan H. Meltzer, The Wall Street Journal … [Read more...]
VIDEO: Don’t Expect the Fed to Save the Day
CNBC.com-John Mauldin, President, Millennium Wave Investments believes that QE2 was a "wasted bullet" that has decreased the significance of further easing. … [Read more...]
VIDEO: Greenspan: US Economy, Fed Stimulus & Obamacare
CNBC-Alan Greenspan, Former Chairman of the Federal Reserve, provides perspective on whether the U.S. economy is in a recession, if more Fed action is necessary, and what effect Obamacare has had on the economy. … [Read more...]
VIDEO: ECRI’s Achuthan Says U.S. Economy Is in Recession
July 10 (Bloomberg) -- Lakshman Achuthan, chief operations officer of the Economic Cycle Research Institute, talks about the performance of the U.S. economy. Achuthan speaks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance." (Source: Bloomberg) … [Read more...]
- « Previous Page
- 1
- …
- 100
- 101
- 102
- 103
- 104
- …
- 116
- Next Page »