http://traffic.libsyn.com/tomwoodsshow/woods_05_20_2015_2.mp3 Supporters of Barack Obama say his economic record is actually quite strong, and that right-wingers simply can’t accept that. David Stockman, formerly of the Reagan administration, reduces these claims to rubble, and then destroys the rubble. Among the issues covered: Has Barack Obama been a great job creator? Has Obama outperformed Ronald Reagan on…
Many people seem to think that America has lost its sense of purpose. They overlook the obvious: that we are striving to become the Bulgaria of the western hemisphere. At least we already have enough vampires to qualify.
You don’t …
We’ve seen massive shifts in crude oil prices in recent weeks. This has brought back some rather specious arguments by talking heads on TV and pundits.
Payroll Friday puts you in mind of a live action Romper Room. The bubblevision children get big-eyed month after month—even as they hear the same old fairy tale from the BLS. And make no mistake, the headline jobs number is tantamount to fiction, even as it parades as science. For all practical purposes, the monthly establishment survey number,…
Things are getting ugly in the bond markets.
On Friday the BLS reported, among other things, that full-time employment in April had dropped by 252,000 from the prior month and that the weekly earnings of production workers had risen by the grand sum of 67 cents (0.1%) before inflation and taxes. But why should still another confirmation that the main street job market is dead in the…
A Greek default is inevitable. Years of piling up bailout loans without a reprieve in the Greek debt crisis prove that.
Elon Musk, Silicon Valley’s poster-boy genius replacement for the late Steve Jobs, rolled out his PowerWall battery last week with Star Wars style fanfare, doing his bit to promote and support the delusional thinking that grips a nation .
The current rally has reached extremes: more than three years above the neutral line of MACD and almost 500 points above the 200-week moving average.U.S stocks have been treading water for a while, and this raises a question: is this just another pause…
When I see the market rally mindlessly – as it did on Friday, after the jobs report pushed the jobless rate down to 5.4%- I ask myself a set of questions like the following.
