Although stocks were on hold for the middle of this week, we expect to see a return to bullishness to end the week now based on the latest data. As you know, the ADP Hiring report for April showed a gain of 177,ooo jobs. But wait till you read the Challenger job cuts report just … Read More
Status is no longer in style. We saw it last year on one of our casino jaunts, the one up to Choctaw to see the Commodores in concert. Oh, and take some money home, too… While there, a FEW women were dressed to the 9’s (including Elaine who looks like a million bucks). But the … Read More
Election Year Denial is in full swing today, brothers and sisters. Put your hands on the quote monitor and gimme a Hallelujah!. Again? Hallelujah! And we have been riding it up since February while the worrywarts scream. My friend Robin Landry up in Oklahoma sees the market very similarly to how I’m sizing it up. … Read More
I happened to be listening to one of my all-time favorite econ books Sunday and I was reminded of something we try to forget on Mondays. Namely that in hunter/gatherer societies, people only works (on a community average) about 1,000 hours per year. Of course, it depends on what your definition of “work” is, too. … Read More
And I’d like to thank a Washington Post story for making it so easy to dispute climate change claims. I wasn’t planning to present a major discussion of the silly climate change meetings getting underway today, but time has come to lay out a much more precise (and scientific) point of view. The guts of this were laid out in Peoplenomics in “The Scariest Holiday – Ever” a month ago.
But it’s sort of like a New York Times crossword puzzle…you play them for the challenge of figuring a few things out. So this morning’s test in referential lingo goes like this… “Real gross domestic product — the value of the production of goods and services in the United States, adjusted for price changes — increased at an annual rate of 2.3 percent in the second quarter of 2015, according to the “advance” estimate released by the Bureau of Economic Analysis.
Let’s try a novel approach to news for a change, shall we? Let’s pretend none of it is real. Or, at least not so real as it’s made out to be. So, this doctor walks into the hospital room, looks you in the eye and announces this: “Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy.
We can now clearly see how (and more or less when) the US economy will fall apart: Fall of 2016 is our latest and best dart toss after the long weekend of events. Not just me, but my consigliore sees it as well. He called in the middle of a movie last night: “I’ll keep this short.
OK, sure, sure, we’ll get to the “usual” stuff in a minute. Retail sales and such… But before we do that, Chris McCleary has a couple of columns up this week over at the National Dream Center site that demand reading. Why? Because (as we’ve long expected) when sliced consistently with Grady’s Nostracodeus software. Chris is getting extremely high correlations between future stock market prices and what people DREAM.
Reader Notes: 1. Under more Normal circumstances, this depth of material would be for our Peoplenomics.com subscribers only. But, because of the urgent and general nature of this material, it is being shared “in the open,” If you share, please send a link to this page rather than copy-pasting so that we benefit in some small way.
Tomorrow will be an interesting one – it’s when the new unemployment report (for March) will be released. It’s almost predictable that the report will show either a stable, or slightly improving jobs picture. But what may not be clear is how many jobs are real (not taxpayer supported) and what portion are thanks to increased government spending. But we do have a couple of clues to help guide us, in this regard, which are out this morning. The Balance of Trade report and the Challenger Job cuts.
OK, the big worry on Wall St. is that inflation is going to come along and blow over the first domino. In case you haven’t followed UrbanSurvival often (you fool!) the game works like this: There are huge piles of (made up, QE’ed) money laying around in bonds.
A number of readers have asked me “What do you think the four blood moons will bring? ould you discuss it in your column sometime?” Huh? About here, the I-Ching Inbox, that seems to deliver hints and clues about how the Universe operates came through…in spades. It was an email from my friend Chris Tyreman who’s head of that small Jewish studies group up in Canada which for years now as quietly been working an embedded “error correction” system built into ancient Hebrew.