Thursday: Unemployment Claims, PPI, Fed Chair Powell
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Thursday:
• At 8:30 AM ET, The *initial weekly ...
6 hours ago
5 comments:
That was quick. And it does make sense the markets move based on employment reports. That is, more employment = higher spending = higher profits = higher stock price.
Also good insight on the transition in 2000. It seems something changed in economy in 2000. That was the start of gold's move, bigger deficits, the peak in nasdaq and peak in SPY (on a real basis), ZIRP, perhaps layoffs?
jeff,
Perhaps by the time 2000 showed up, the only thing left that could possibly justify the stock market's lofty valuations was jobs.
And then, the last straw on the camel's back was finally placed.
September 7, 2012
40.6 Million Missing Jobs
That's a game changer. There is absolutely NO chance of resuming the former long-term trend (going all the way back to 1939). Contrary to seemingly popular opinion, neither Romney nor Obama have even a sliver of a chance.
We can't add 40.6 million jobs with "just" 12.5 million unemployed. It's virtually impossible (unless many, many people start working multiple jobs).
Don't even get me started on the trade deficit and its impact on long-term employment. Sigh.
we had one more trick up our sleeves in 2000 . . .
Accumulated trade deficit:
http://i.imgur.com/vUd6l.png
Troy,
...we had one more trick up our sleeves in 2000...
Flush with cash! Not. ;)
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