And now back to reality:
- Are Another 1.3 Million Americans About To Drop Out Of Labor Force (And Send Unemployment Plunging)?
- The Real Unemployment Rate In The U.S. Is At Least 30%
- Fake Employment Numbers – And 5 More Massive Economic Lies The U.S. Government Is Telling You
- Recovery In The US: Widest Gap In Employment Rates Between Rich, Poor Since Records Began
- 80% Of US Adults Are Near Poverty, Rely On Welfare, Or Are Unemployed
- Unemployment rate falls to five-year low of 7% as 203,000 jobs added; Dow soars 199 points (NY Daily News, Dec 6, 2013):
Employers were hard at work hiring in November, signaling the labor market’s gradual healing continues.
U.S. payrolls expanded by 203,000, the Labor Department reported on Friday, a total well above the gain of 180,000 economists had forecast.
The jobless rate, meanwhile, dropped to a five-year low of 7.0%. It had been expected to tick down to 7.2% from 7.3% in October.
The report also showed about 8,000 more jobs were added to payrolls in September and October than previously thought.
Stocks shot sharply higher on the news, snapping a five-session losing streak. The Dow rocketed nearly 200 points, or 1.3% higher, to close at 16,020.
Tags: Dow Jones, Economy, Global News, Stock Market, U.S., Unemployment, Wall Street
- Forget The Debt Ceiling, The Dow Just Breached 15,000 (To The Downside)(ZeroHedge, Oct 3, 2013):
The Dow is down for the 9th day of the last 11 since the exuberant Un-Taper spike in stocks. Crucially though, it appears the government’s efforts to fear-monger equity markets into forcing action by the House Republicans is working. The all-important Dow 15,000 level has been breached to the downside and represents a much more important “economic” breach than the debt ceiling to any and every talking head it would seem…
Tags: Dow Jones, Economy, Global News, U.S., Wall Street
- FOMC Impact So Far: Nikkei -725 Points, Dow -570 Points (ZeroHedge, June 20, 2013):
But, but, but… the rally was all about earnings and fundamentals… not the Fed, right?
Tags: Collapse, Dow Jones, Economy, Fed, Federal Reserve, Global News, Nikkei, U.S., Wall Street
- Dow Jones At New All Time Highs – Here’s Why (ZeroHedge, April 9, 2013):
Curious why the Dow Jones Industrial Average just hit new all time highs? Here’s a partial list of recent economic events:
- Markit US PMI Miss
- ISM Manufacturing Miss
- ISM New York Miss
- Vehicle Sales Miss
- ADP Employment Miss
- ISM Services Miss
- Challenger Job Cuts Miss
- Initial Claims Miss
- Trade Balance Beat
- Non-Farm Payrolls Miss
- Hourly Earnings Miss
- NFIB Small Business Miss
- Wholesale Inventories Miss
And that’s ignoring the absolute economic collapse in Europe, the Chinese slowdown, and the Japanese economic basketcase.
What is there to even say anymore: Stalingrad 4 Eva! Remember: central planning works.
and if pictures are better than words…
Tags: Dow Jones, S&P 500, Stock Market
- So Much For The Stability Of The Centrally-Banked “Fiat” Era (ZeroHedge, April 1, 2013):
According to some economist PhDs, the end of the gold standard era marked by the arrival of the Federal Reserve one century ago ushered in the era of stability, prosperity and virtually unlimited growth (just ignore the two world wars and millions of casualties immediately following). While that is an amusing way of describing a financial system that is now daily on the brink of a financial apocalypse courtesy of a few good central banks propping up a $1 quadrillion house of derivatives cards, whose collapse would mean an immediate “game over”, and where (rapidly evaporating) confidence in a failing status quo, must be preserved at all costs, the question of post-Fed induced stability is an interesting one, especially when measured in terms of intangible value (in this case the most basic of indicators – the Dow Jones), compared to thousands of years of a real tangible, store of wealth: gold. In the chart below, courtesy of Cambridge House, we ask readers: in which period was there a more stable relationship between tangible and intangible values, and a less exuberant irrationality vis-a-vis that which is purely based on confidence, if not so much reality.
A second logical follow up question is: where is this ratio of intangible to tangible value going next? The chart below attempts to provide some log-based perspective on precisely this.
Tags: Dollar, Dow Jones, Fed, Federal Reserve, Global News, Gold, Gold Standard, Government, Politics, U.S.
- 1936 Redux – It’s Really Never Different This Time (ZeroHedge, March 14, 2013):
While chart analogs provide optically pleasing (and often far too shockingly correct) indications of the human herd tendencies towards fear and greed, a glance through the headlines and reporting of prior periods can provide just as much of a concerning ‘analog’ as any chart. In this case, while a picture can paint a thousand words; a thousand words may also paint the biggest picture of all. It seems, socially and empirically, it is never different this time as these 1936 Wall Street Journal archives read only too well… from devaluations lifting stocks to inflationary side-effects of money flow and from short-covering, money-on-the-sidelines, Jobs, Europe, low-volume ramps, BTFD, and profit-taking, to brokers advising stocks for the long-run before a 40% decline.Things look eerily similar eh?
But when we look at the headlines in the Wall Street Journal from mid 1936 to mid 1937 as the market topped out (orange oval), dipped, was bought back, then collapsed 40% in 3 months, nothing ever changes…
Government Bailouts Repaid – Bullish Implications…
N.Y. Central Has Repaid All Government Loans
The Wall Street Journal, 978 words
Dec 1, 1936
WASHINGTON Numerous railroad developments here yesterday were climaxed by the announcement of RFC Chairman Jesse H. Jones that New York Central had repaid all of its government loans, totaling $16,858,950, most of which was not due until 1941. Continue reading »
Tags: Collapse, Dow Jones, Economy, Global News, Government, Politics, S&P 500, U.S., Wall Street
- Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT (ZeroHedge, March 11, 2013):
Record Dow Jones, record US debt ($16,701,846,937,879.74), and now, once more, record number of Americans on foodstamps. According to the USDA, an all time high of 47,791,966 Americans closed 2012 in possession of the highly desired Electronic Benefits Transfer (EBT) card, managed by who else but JPMorgan. And with a civilian non-institutional population of 244.4 million in December, this means that a record 19.56% of eligible Americans are on Foodstamps. In December an additional 109,924 Americans became reliant on foodstamps for their poverty-level needs, bringing the total to 47.8 million.
Number of US households on foodstamps: also a record of 23.1 million, with the average monthly benefit of $277.09. Continue reading »
Tags: Barack Obama, Collapse, Debt, Dow Jones, Economy, Food stamps, Global News, Government, Obama administration, Politics, Society, Stock Market, U.S.
- Reality Check: The Dow Jones Industrial Average vs. Bananas (Sovereign Man, March 8, 2013):
Reporting from Santiago, Chile
The Dow Jones Industrial Average, one of the key benchmarks of the US stock market, has soundly surpassed its all-time high. And most of the investing world is toasting their collective success and celebrating the recovery.
It’s a funny thing, really. Most investors only think in terms of ‘nominal’ numbers, i.e. Dow 14,000+ is 40% higher than Dow 10,000 (back in November 2009). But few think in terms of ‘real’ numbers… inflation-adjusted averages.
Everyone knows that inflation exists. We can all look back on prices from the past and realize instantly how much more expensive things have become. Conversely, though, most people don’t think about the stock market like this.
The reality is, though, that when you adjust for inflation, the Dow is well below its highs from over a decade ago. Continue reading »
Tags: Bananas, Beef, Dow Jones, Economy, Food, Food Prices, Global News, Inflation, Stock Market
- The Last Time The Dow Was Here… (ZeroHedge, March 5, 2013):
“Mission Accomplished” - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables): “we all know it’s going to end badly, but in the meantime we can make some money” – ZH translation: “just make sure to sell ahead of everyone else.”
- Dow Jones Industrial Average: Then 14164.5; Now 14164.5
- GDP Growth: Then +2.5%; Now +1.6%
- Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
- Labor Force Particpation Rate: Then 65.8%; Now 63.6%
- Americans On Food Stamps: Then 26.9 million; Now 47.69 million
- Size of Fed’s Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
- US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
- US Deficit (LTM): Then $97 billion; Now $975.6 billion
- Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
- US Household Debt: Then $13.5 trillion; Now 12.87 trillion
- Consumer Confidence: Then 99.5; Now 69.6
- S&P Rating: Then AAA; Now AA+
- VIX: Then 17.5%; Now 14%
- 10 Year Treasury Yield: Then 4.64%; Now 1.89%
- EURUSD: Then 1.4145; Now 1.3050
- Gold: Then $748; Now $1583
- NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares
Tags: Barack Obama, Bonds, Debt, Dow Jones, Economy, Fed, Federal Reserve, GDP, Global News, Government, Obama administration, Politics, Stock Market, U.S., Unemployment, Wall Street