Yesterday we presented Dylan Grice’s thoughts on why economists and their opinions should be summarily dismissed as nothing but mere noise on the steep downward slope of a series of failed “authoritarian” policy decisions, which seek to validate one false choice after another, by presenting a hypothetical and fallacious counter-outcome as a certain reality (just consider . . . → Read More: Why The Fourth Branch Of The US Government Needs To Be Abolished, And Why "Authority" Should Never Be Trusted
|
|||||
|
Recently there has been a surge in cherry picked employment charts highlighting that the Obama administration has done a great job in rescuing the economy. The premise goes: after dropping to as much as 700K+ jobs lost per month, the administration has managed to pull off a miraculous recovery and now we are riding on a . . . → Read More: Obama Must Create 230,000 Jobs A Month Until The End Of His Second Term For Return To Breakeven – Charting The New "7 Year Itch" Normal Submitted by JM More on Center Bets: Commodity ETFs as Diversification Goldman’s David Kostin, as usual, provides this week all you can eat chart buffett. In this latest edition we also find out that Goldman is also very good at hedging for every possible outcome: while calling for 1,200 on the S&P by year end (and 1,160 in three months, meaning in December the market will have . . . → Read More: Weekly Chartology (In Which We Discover That David Kostin Is Now Hedged For Every Possible Outcome) I just wanted to follow up on the rare earths piece which I recently published (click here at http://www.madhedgefundtrader.com/august-13-2010.html ). Despite lackluster market conditions at best, Molycorp (MCP) managed to raise $394 million through its July IPO at $14/share. The company will use the funds to reopen a rare earths mine at Mountain Pass, California, making . . . → Read More: It’s Off to the Races at Molycorp Via Pension Pulse. John Weisenthal of Clusterstock discussed his thoughts on Friday’s job figures and put up an image of the scariest jobs chart ever (HT: Réal): The Submitted by Gonzalo Lira The Prosecution’s Case Against Alan Greenspan Should Alan Greenspan, the former Chairman of the Federal Reserve Board (1987–2006), be tried for Crimes Against the Economy, put up against a concrete wall, handed a cigarette, offered a red blindfold, and then executed by firing squad? Yes—absolutely. No question. (And this coming from an anti-death penalty, anti-abortion . . . → Read More: Guest Post: The Prosecution’s Case Against Alan Greenspan SocGen has a useful tracker of Consensus vs Actual economic data, or a +/- Surprise indicator, which is presented below as updated for everything through today’s NFP, excluding the disappointing Service ISM. While it is unclear how the firm’s assigns a surprise relevance rating to any given economic data point, if the firm finds the Mfg . . . → Read More: Tracking [Upside|Downside] Economic Data Surprise → Washington’s Blog The unemployment rate has risen again for the the first time in 4 months. I predicted a growing, long-term unemployment problem last year. Indeed, the government’s actions have directly contributed to the rising tide of unemployment.
The Government Has Encouraged the Offshoring of American . . . → Read More: Government Policy Caused the Drought of Unemployment Because sometimes the simplicity of truth hurts the most. h/t . . . → Read More: Artist’s Rendering Of A Typical SEC Desktop |
Friendly Links!(Add your link here!) |
||||
|
Copyright © 2010 Keep the Change - All Rights Reserved |
|||||
Most Popular