The sweet sounds of risk taking have been playing the past few days, and unless the trap door gets sprung again today, the euro (EUR) will most likely end the week on the good foot, as James Brown would say… After a couple of weeks of euro bashing, the euro has quietly rallied… And it can all be pinned down to the idea I told you about the other day, regarding a rumor about recapitalizing European banks…
[Read more...]Today’s Jobless Claims Spotlight Increasing Unemployment
May 20, 2010 By Leave a Comment
Americans continue to lose jobs in the Great Correction. A slight improvement showed up in ongoing jobless benefits claims, which fell to only 4,625,000, but even that is likely attributable to those people who have been unemployed for so long that their benefits have simply run out.
On the other hand, new jobless claims show no redeeming qualities whatsoever and, like the four-week average, are moving higher. Worse still… the pace of job losses has increased.
[Read more...]7 Critical Data Points Show the US Economy is Hitting a Wall
March 3, 2010 By Leave a Comment
It’s been declared countless times in the mainstream media that the economy has recovered. The US is out of recession and good times are back again. Yet, there is plenty of data to support that this is not the case. Seven of the top warning signs that the US economy may be hitting a wall are highlighted below.
[Read more...]Beating Up On Big Banks
January 22, 2010 By Leave a Comment
Front and center this morning, we saw the risk aversion that held a tight grip on the currencies and commodities for about a week, fade a bit as the day went on yesterday, and the dollar selling has carried through the overnight and morning sessions overseas. “What caused this turnaround?” I hear you asking… Ahhh grasshopper, come sit, and put away the sharp objects!
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China to Show More Manufacturing Weakness?
What looked like a workable situation for Greece and private creditors has taken a turn that has the euro (EUR) vulnerable again this morning. It’s not as if the situation is unworkable. It’s just that they are struggling to come to an agreement, and since it’s not as smooth as Jiffy, then the Chicken Littles come out of the crowds… But then, quite frankly, I have been surprised by the strength the euro has displayed this week. The euro has always shown resiliency, but as I’ve said a couple of times now this year… I wouldn’t be surprised to see it fall to 1.18 and then rebound to 1.40… But we have 49 more weeks to go in 2012. There’s a lot of give and take here, so buckle up, yes, that’s right: Click it or ticket…
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