Silver as an investment

Category Archives: Full Employment

Watch Live: Janet Yellen Makes Final Appearance Before Congress

With only three weeks left until her final meeting as chairwoman of the FOMC, Fed Chairwoman Janet Yellen today will make what's expected to be her final appearance before Congress when she delivers testimony to the Joint Economic Committee. The Fed was already widely expected to raise interest rates next month, but in case there […]

From Jihad To Jobs, Paul Craig Roberts Says “Fakes News Is A US Media Specialty”

Authored by Paul Craig Roberts, The American media specializes in fake news. Indeed, since the Clinton regime the American media has produced nothing but fake news. Do you remember the illegal US bombing and destruction of Yugoslavia? Do you remember “war criminal” Slobodan Milosevic, the Serbian president branded “the butcher of the Balkans,” who was […]

July Payrolls Preview: Smooth Sailing But Watch Out For Cars

At 8:30am on Friday, the BLS is expected to announce that in July the US created 180K jobs, down from 222K in June though still in line with the 6-month average of 180K, with the biggest downside risk a slowdown in durable manufacturing payrolls as auto production slumped. Sellside expectations: UBS: 175K Barclays: 175K HSBC: […]

June Payrolls Preview: With The Fed On Autopilot, You Can Skip This One

After a poor March jobs report, followed by an April scorcher, then another debacle in May, the June payrolls report due at 8:30am will be… very much irrelevant, because as Citi pointed out earlier, the Fed is now data-independent and will keep hiking until financial conditions finally tighten (read: stocks drop). In other words, with […]

An Open Letter To The Fed’s William Dudley

Authored by MN Gordon via EconomicPrism.com, Dear Mr. Dudley, Your recent remarks in the wake of last week’s FOMC statement were notably unhelpful. In particular, your excuses for further rate hikes to prevent crashing unemployment and rising inflation stunk of rotten eggs. Crashing Unemployment Quite frankly, crashing unemployment is a construct that’s new to popular […]

The Real Unemployment Number: 102 Million Working Age Americans Do Not Have A Job

Did you know that the number of working age Americans that do not have a job right now is far higher than it was during the worst moments of the last recession?  For example, in January 2009 92.6 million working age Americans did not have a job, but we just found out that in May […]

Seven Years Of College Down The Drain

Authored by Nicholas Colas via Convergex.com, Last week’s Beige Book highlighted labor shortages for both skilled and unskilled workers, but perhaps employers are asking too much from certain applicants.   That’s the upshot from a report conducted by the Rockefeller Foundation and Edelman Intelligence, which surveyed C-suite executives, human resource officers, and individuals aged 18 […]

Hedge Fund CIO Amazed At The Absurdity Of It All

The latest weekly recap from One River Asset Management CIO Eric Peters tries to bring some sense to an increasingly absurd global economic, social and political situation, and fails, finding that the “more than absured is no longer absurd.” From Eric Peters’ Weekly Notes “More than absurd!” cried Jens Weidmann, outraged by Pete Navarro. Trump’s […]

What Wall Street Expects From Today’s Payrolls Reports

Here's what to expect in a nutshell: US Change in Nonfarm Payrolls (Dec) M/M Exp. 178K (Prey. 178K, Oct. 161K) US Unemployment Rate (Dec) M/M Exp. 4.70% (Prey. 4.60%, Oct. 4.90%) US Average Hourly Earnings (Dec) M/M Exp. 0.30% (Prey. -0.10%, Oct. 0.40%) Last month's Non-farm payrolls saw an increase of 178k jobs, however, the […]

Your Last Minute Payrolls Preview: What Wall Street Expects

As recently as two months ago – when December rate hike odds were at or below 50% – the monthly payrolls report was watched closely for hints about the Fed’s next move. However, now that December rate hike odds are effectively 100% (CME Fed has seen a modest drop to 92.7% in recent days), what […]