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,…
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.
A study published last month by the Bank for International Settlements shows the evidence that worldwide financial crises have been amplifying both in terms of their overall magnitude and relative to the real economic cycles.
The robo-traders——both the silicon and carbon based varieties—–were raging again today in celebration of a “goldilocks” jobs report. That is, the headline number for April was purportedly strong enough to sustain the “all is awesome” meme, while the sharp downward revision for March to only 85,000 new jobs will allegedly enable the Fed to kick-the-can yet again—-this…
The question about Yahoo! Inc. (Nasdaq: YHOO) is not necessarily, “How does Yahoo make money?” but rather, “How does Yahoo still make money?”
