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Rage Gauge November: Putting Lipstick on the Pig

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Rage Gauge 100The numbers aren’t pretty but that’s not stopping the government from smearing lipstick on this pig. Friday’s jobs report was lukewarm with the economy adding a fewer-than-expected 161,000 jobs in October. We’ll have to wait for the post-election adjustment.  Unemployment inched lower as the burger flipper jobs increased. ZeroHedge notes that the number of multiple jobholders has hit a 21st century high as people scramble to maintain their standard of living against an unpromising jobs landscape.

The Fed punted on rate increases, preferring to wait until December, reinforcing the idea that the Fed is a political beast.

Gold, which ended the month at $1,275, is surging so far in November and is up just over 13% over the last year.

Dissatisfaction with the country is about the same from last month—people aren’t real happy but are not enraged either (stay tuned). Background checks for pistols hit an all-time high for October. And the S&P 500 yield is up, but is certainly not any bargain as stocks trip and stumble during the late stages of this bull market.

 

 

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E.J. Smith

Editor-in-Chief
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com.