Global Market Commentary, Analysis and Investments
No panic on Wall Street — yet. Gold still over $1,600.
But watch out. Our hunch is that when people come to their senses…they will run for the exits.
Europe’s shifting from austerity to “growth”…which really means more debt.
America’s growth is phony — with fewer jobs today than when the ’08 recession began.
[Read more...]After reaching a high of nearly $106 on Wednesday, the price of oil has hit the slippery slope (yay!) all the way down to $101.27 this morning. While it will take a while before this ride on the slippery slope is seen at the gas pump, if ever, the psychological feeling it has for consumers is good. It won’t play well with the petrol currencies, like Norway, Canada, Russia, etc.
[Read more...]After reaching a high of nearly $106 on Wednesday, the price of oil has hit the slippery slope (yay!) all the way down to $101.27 this morning. While it will take a while before this ride on the slippery slope is seen at the gas pump, if ever, the psychological feeling it has for consumers is good. It won’t play well with the petrol currencies, like Norway, Canada, Russia, etc.
[Read more...]“Monetary policy cannot fulfill each and every market expectation.”
So said the head of the Bundesbank, Jens Weidmann.
Why not, investors want to know.
Mr. Weidmann was talking to The Wall Street Journal. He was explaining why Germany was sticking to its guns. They don’t use that expression in Germany. But you know what he meant.
[Read more...]Good day. It was a picture-perfect day here in St. Louis yesterday for our Easter celebration. It’s not often we can do that outside, but outside is the only place you would want to be yesterday! The grandkids were all dressed for the occasion, and they all looked as cute as can be.
Well, the jobs jamboree sure wasn’t cute on Friday. In fact, it bordered on ugly. You may recall that going into Friday’s jobs report, the ADP report on Thursday said the economy added over 200,000 jobs in March, and that the “experts” had forecast an increase in jobs of 205,000.
[Read more...]Good day. And a Happy Friday to one and all! It’s Good Friday for those of us that observe it that way. Good Friday for the markets means that the stock jockeys have headed to the Hamptons already, and the bond boys and girls will close up shop early today, so they can get a head start on getting out of town, too.
[Read more...]In an early morning press release, the Bureau of Labor Statistics announced today that it would no longer include “people” in any of its estimates of US unemployment. According to the press release, the move is part of a new initiative to “more accurately report US employment figures through a measured omission of irrelevant data, stemming primarily from the coincidental fact that people exist.”
[Read more...]One of the great things about markets is how they are always changing. They never cease to surprise. But the market, as sly as it is, sometimes tips its hand.
While killing some time at the JFK airport a couple weeks ago, I grabbed a copy of Bloomberg Markets magazine and perused it over breakfast. There was one story that struck me titled “Time to Head Home for Some Manufacturers.” The basic gist is that American manufacturing is more competitive than most people think.
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GDP Growth: The Civic Duty of Every US Consumer
No panic on Wall Street — yet. Gold still over $1,600.
But watch out. Our hunch is that when people come to their senses…they will run for the exits.
Europe’s shifting from austerity to “growth”…which really means more debt.
America’s growth is phony — with fewer jobs today than when the ’08 recession began.
[Read more...]