Global Market Commentary, Analysis and Investments
We used to like traveling. Now, it’s a drag.
“No, we don’t want to go through your new x-ray machine,” we told the TSA guard.
“Whassa matter? It’s safe…” she replied.
“How do you know that?”
“The government said it was safe.”
“Do you believe everything the government tells you?”
[Read more...]Good day… And a Marvelous Monday to you! Congrats to the fans of the Big Blue, NY Giants, who are the Super Bowl Champions, after a very entertaining game. It’s very foggy out this morning here in St. Louis, reminds me of the time my beautiful bride and yours truly were driving home from Des Moines to St. Louis and a very dense fog was everywhere… Not wanting to stop, I cracked the car door open and kept an eye on the white line, which would keep me on the road… Thinking back now, that probably wasn’t a very safe thing to do, eh?
[Read more...]There’s a lot to get to this morning… but front and center is the Jobs Jamboree Friday… The first one of 2012, although it is December’s job creation report. The ADP jobs report yesterday, which was supposed to be the “indicator” for the Jobs Jamboree, but never really materialized as such, reported that 325,000 jobs were created in December… Now, that would be something to crow about… It will be interesting to see what the Bureau of Labor Statistics (BLS) comes up with… As I told you earlier this week, this is also the month were the “adjustments” to previous BLS reports are made… However, those won’t get a spotlight, and mass media coverage… They are done under the dark of night, sort of like the bill that was signed on New Year’s Eve by the President… If you’re not aware of that one, you should be… Your personal freedoms could very well hang in the balance…
[Read more...]First up, the market noise…
Stocks worldwide were up big time yesterday, mostly buoyed by news that the politicos in Europe had “renewed their commitment to talk about trying to eventually come to an agreement” about how to fix a problem they themselves caused and did not see coming. Or something like that. Bravo.
[Read more...]Good day… And a Marvelous Monday to you! Today, actually is a Bank Holiday! That’s right… We celebrate the guy who discovered the West Indies, or something like that! Columbus Day is one of those “soft holidays”, where banks are closed and there’s no mail delivery. So… I forgot to mention that we would be “closed” when I signed off last Friday… So, for that I apologize…
[Read more...]Attention comrades, workers and tax slaves! Tonight is the night! Get your tickets! Turn your televisions up and sit your buts down!
From the people who harass your small business…from the folks who regulate your entrepreneurial spirit into submission…from the clerks who mandate outsourcing, expropriate your profits and who cannot “create” one job without first destroying two, comes…
[Read more...]Poor Mr. Obama. They’re calling him “President Zero.” Why? Because August produced zero new jobs.
But we Daily Reckoners were way ahead of the story. Almost everywhere we look we see a circle with a hole in it.
How many new jobs have been created in the last 10 years? Zero.
[Read more...]“The people will be crushed under the burden of taxes,
loan after loan will be floated; after having drained the
present, the State will devour the future.”
– Frédéric Bastiat, French libertarian economist, 1850
Stocks managed to eek out a bit of a rally yesterday. The Dow was up nearly 100 points by the session’s close. (Approximately equal to the amount it gave back within the first sixty seconds of trading today.) Gold, meanwhile, is up $8 over the past 24 hours. An ounce this morning goes for just over $1,540. And bitcoins…they’re back to $14.50 a piece. Hmmm…
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Calls for QE3 on Disappointing Jobs Data
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...]