Sometimes a picture is worth a thousand words. Sometimes much more. The following chart is a Federal Reserve Chart of employment as a percentage of working age adults. We have all seen it before, I think. Now let’s look at it more closely and explore its implications. We all know the economy is recovering […]
Before getting too excited over today’s headline jobs number, better read the fine print. Here is some sobering detail from Zerohedge: As a reminder: jobs have quantity and quality components. The quantity component was good enough to convince the 10 Year the taper is imminent (if not stocks, which continue to trade dislocated from any and all […]
The “recovery” touted by Bernanke and other Administration sources is dubious. The claims don’t hold up when data are provided. The following chart shows employment. Tim Wallace provided the chart and commented: In our current malaise, we have been at this 5 years and employment is still 2.2 million people below the employment number in April […]
For anyone foolish enough to believe there is a recovery underway, Business Insider provides a slide presentation by David Rosenberg that should disabuse you of any such notion. Mr. Rosenberg is one of the more astute analysts around. His take is that the Federal Reserve is doing all it can to save the economy but […]
The chart below shows how wealthy and well-off this country has become with Obama. When fewer and fewer people have to work, that is surely a sign of well-being. Or, it’s a sign of a dead economy and lower standards of living. The media has been telling you that everything is going along just nicely. […]
David Stockman wrote an intriguing article which appeared in the NY Times. That it appeared in the Times is noteworthy itself, for it contradicts so many liberal shibboleths the paper has supported (promoted) for many years. Its appearance is less likely to reflect the first steps to Damascus and may be a sign of financial […]
This from Forbes: The Bureau of Labor Statistics guessed that 236,000 jobs were added in February and everybody applauded. Yay, or should we say, “boo.” What most everyone missed is that even the BLS admits in a footnote to its February jobs press release that historically its initial number can be revised as much as […]
The cruelest law of all is the minimum wage. It is the most basic law of economics: if the price rises on a good (ceteris paribus, of course), then less of it will be purchased. Labor is no exception. When you raise the price (i.e., the minimum wage in this case), less labor at the […]
The report below is typical take-no-prisoners Karl Denninger's interpretation of the latest labor report. Contrary to the rose-colored paint that the media and Wall Street is attempting to smear on this pig, Denninger gets it right with this line: "This report is a train wreck." The Market Ticker – Employment Report: WATCH THE HAIR […]
The state of the economy is reflected in the chart below. We are in for a tough time for the next four years. Note: the last data point is that vertical line downward. That is not a border to the chart. H/T to Reader NII for sending this: Yet another reliable indicator suggesting QEs is […]
Suggested stops for the December rankings are provided below. These are mechanical calculations based on ETF volatility. As usual, the first column represents the price at the end of November and the second two columns represent possible stop levels. One is tighter than the other and whether you choose either or set your own is […]
The December rankings and performance of previous rankings are provided below. Suggested stop levels for each of the rankings will be provided in a separate post. December Selections
This update is based on market-close data as of November 22. Performance is based on beginning of that month’s rankings, assuming they were purchased and held for a full month. Stop placement or early selling would produce different results. So, too would different entry or exit prices. There is no way to account for early […]
The ranking of the 11 ETF Asset Classes routinely followed on this site is shown below. These rankings reflect the latest order produced by the algorithm used to rank individual ETFs. There have been some movements in these rankings reflecting recent market action.
The updated performance through November 13 is presented below. Additionally, the new rankings as of this same date are provided. Performance is based on the rankings as of November 1. The assumption is that you bought and held equal dollar amounts within a category and that you still hold these ETFs. If you entered at […]
Monty Pelerin's World discusses economic, political and financial issues from a free market perspective. All Posts
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