Silver as an investment

Category Archives: Workweek and weekend

Stagflation Signals Loom As Empire Fed Slides To 5 Month Lows

For the second straight month, Empire Fed Manufacturing survey disappointed expectations in December, tumbling to its lowest since July.   Under the hood are glimpses of stagflation as new orders slide but prices paid rise… and employment and workweek number stagnate (if not contract)…

Caught On Tape: Chaos, Multiple Fights Break Out Among “Black Friday Zombies”

It’s Black Friday, and in keeping with the Holiday weekend tradition, media commentator Mark Dice traveled to Wal-Marts and other stores to document the “zombie apocalypse” of half-awake consumers hell-bent on elbowing past their peers so they can be sure to get the best deals on electronics, books, video games, clothes and any number of […]

October Payrolls, Average Hourly Earnings Miss Big Despite Strong Upward Revisions

Well, with virtually everyone expecting a 300K+ payrolls number after last month’s negative hurricane-distorted print, and with whispers of a 400K print floating around, it only made sense that not only would payrolls disppoint, printing at 261K, one standard deviation below the 310K consensus estimate (and that even with a whopping 89,000 waiters and bartenders […]

September “Hurricane” Payrolls Tumble 33,000, First Drop In Seven Years, As Wages Surge Due To Labor Shortages

As noted earlier, Wall Street was completely clueless ahead of today’s payroll, with most expecting a small positive print but two brave forecasters went so far as to predict that the recent hurricanes would result in a negative print, and sure enough, moments ago the BLS reported that in September, the US economy lost 33,000 […]

Philly Fed Slumps From 33-Year Highs To November Lows As New Orders Plunge

Another day, another ‘soft’ data point disappointments and heads towards it ‘hard’ data reality. This time is the turn of the Philly Fed survey, which missed expectations and dropped to 19.5 – its lowest since Nov 2016. Remember Philly Fed hit a 33 year high in February – what does it say about these surveys […]

Soft Data Collapse Continues – Richmond Fed Crashes

And just like that… hope was gone. Having soared to post-crisis highs in the months after President Trump’s election, Richmond Fed’s Manufacturing Survey has crashed (by the second biggest drop ever) in May… New Order volume growth disappeared, capacity utilization shrank dramatically, Order backlogs disappeared, shipments plunged, and the average workweek tumbled. Worse still, the […]

Perpetual Black Friday

Submitted by Mike Shedlock via MishTalk.com, Whatever numbers the retail association posts this weekend for Black Friday (typically overoptimistic assessments) are likely to be skewed this year even more. The New York Times expects a Less Frenzied Black Friday as Millennials opt to stay away. If you’re in the retail business in the United States, […]