Monthly Archives: November 2006

The box Bernanke is in keeps getting tighter and tighter. First-time jobless claims Soar State unemployment benefits rose by 34,000 to 357,000 The number of U.S. workers applying for jobless benefits climbed by the highest amount in more than a year last week, to 357,000, the Labor Department said Thursday. First-time claims for state...
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I’m back from Turkey, and wide awake at PST midnight, after a full day’s sleep. Great trip and experience, although the highways there (which we drove for two weeks) or about 2400 miles, are as dangerous as can be, with lots of confusion and poor road engineering. For those who go there, take this advisory...
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MarketWatch is reporting Fed’s big worry gets revised away. A huge spike in wages and salaries in the second quarter proved to be an illusion, according to the latest data from the Bureau of Labor Statistics and the Bureau of Economic Affairs.The revisions released Wednesday show that growth in unit labor costs (and therefore...
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Lee Adler talks to Mish and Steve Northwood about the latest data on the housing market. Listen here now.
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Pharmas have an interesting setup here. Everyone “knows” that the Dems are supposedly bad for the pharmas. So they sold off 6% since the erection. But they were due to sell off anyway, since PPH (pharma hldrs) tagged long term resistance at 79.16 right before the erection. PPH  J-Lo’ed for the past couple of years...
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Lee Adler talks with Mike Shedlock, Steve Northwood, and Lee Wheeler about the significance of Monday’s mini meltdown. Listen here now.
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Many of you have been asking for an update on the Florida housing scene from Mike Morgan at Morgan Florida. Although we chat several times a week, it has been hard to come up with a new angle given the steady deterioration in things. Hopefully the following post accomplishes the mission. It is an...
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Over the weekend I received some taunts about how “great” Black Friday was. Bloomberg reported U.S. Shoppers Spend 19% More on Thanksgiving Weekend. Nov. 26 (Bloomberg) — U.S. shoppers spent 18.9 percent more over the Thanksgiving weekend than last year, kicking off holiday gift buying with purchases of discounted wide-screen televisions and clothes, the...
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Bubble economics favoring early receivers (Bullies) at the exclusion of late or non receivers (Brazil Americans) leads to problems running basic functions and services. These maladjustments are now creating great inefficiencies in the American economy. The list of examples is long and growing, but this story from the Seattle P-I illustrates it, and one...
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The charts show the status of 18 large cap bellwether stocks. The charts include 13-week cycle centered moving average projections (or 6-7 week if the 13 week cycle projection is not available). These projections are meant to be guides only. They are moving targets, and can change from day to day. Their purpose is...
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Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free...
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Latest cycle conditions and projections for the US Dollar Index and 10 Year Treasury Yield. Click links to download report in pdf format. (WSE Pro subscribers only). Try the Professional Edition risk free for thirty days. Unbundled subscription service packages starting from as low as $39! Click here for more information.
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The following post is an email from Michael J. Dorff, a mortgage broker with Trans World Financial about the state of affairs in Orange County California. Monday evening I will have an update from Mike Morgan to share. Mish, Here is a synopsis of the mortgage side of things here in Orange County and...
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Black Friday’s rental sales showing another dud for Wal Mart, is also confirmed by the latest watch on Brazil American (see Primer on Winterisms in side bar for my terms). Demand deposits, which I consider a good indicator of Brazil America’s financial strength continues to dwindle, falling below $300 billion on hand. America’s increasingly bifurcated...
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“Everybody, sooner or later, sits down to a banquet of consequences.” - Robert Lewis Stevenson The consequences of extremely lax lending standards are now showing up in the loan performance data. The 2006 mortgage vintage seems to be especially dire. In a conference call titled “How Bad Is Subprime Collateral?” Tom Zimmerman, head of asset-backed...
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by Mark Pierce III Looks like its official. The U.S. Bonar crumpled in a heap last night as all the 400:1 leveraged Forex Gamers hugging onto the “words” and promises of all the Fed Govenor Bullhorning about “we support the strong dollar” got shanked. Effective immediately, all asset classes of every race, stripe, color,...
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