Fake job’s number is out! Life is better. Things are better except at first blush, over 400,000 left the workforce in the past month. The fake rate is now 5.3%. The problem is that since this administration took office, the labor participation rate has crashed…enabling the rate to come down. If you added back all…
SOURCE: http://www.bloomberg.com/news/articles/2015-06-30/hidden-china-stock-debt-revealed-in-online-loans-at-22-interest
WHO IS SAVING WHO? Most everyone is forgetting the most important laws of lending. When you owe small amounts, it is your problem. When you owe gargantuan amounts that will never be paid back, it is the lender’s problem! So who is saving who? The simple fact is that this is a problem for the…
“It’s never bad…until markets say otherwise!” Looks like it may be time to roll out our mantra that we used during 07. You remember the line. We used this line time and time again to describe the debt and leverage in the system in the leading up to the 08 crisis. Back then, we were…
A little comedy. It just may be needed! RIP Chris Squire! The bass guitarist and co-founder of my favorite rock band, Yes, passed away at the age of 67. Those who read this column and listen to my radio show know how often I have written and talked about Yes. We would love nothing…
5 hour delay…got to hotel room in NYC at 2 am. Never got to sleep as I had to be up at 530. Was woried about the Seinfeld episode where the wake up alarm did not work. Did a fabulous 2 hours with Maria Bartiromo. Will have a lot to say about markets and Obamacare…
More of the same. Market edges up. Market edges down. But the same areas that have been weighing on the market…continue to weigh on the market. You know the list because the list has been out there for months and months but the one area that continues to gnaw at us is the Transports. The…
Bluebird Bio (BLUE)…very little sales…lost $65 million in past year…does its 3rd secondary offering in past 12 months. Market cap a measly $5.7 billion.
We forgot. We actually forgot to write our market notes yesterday. We would like to say we were in important meetings…or something kept us away from the desk. Nope. We just forgot. Not much has changed. Even with the move out in range for a few major indices, other major indices remain range-bound. The DOW,S&P…
“IMPROVEMENT BUT…” By Gary Kaltbaum-6/22/15 @GaryKaltbaum garyk.com For the hundredth time, the Knicks will win the NBA championship before the fed raises rates. Greece…when a ton of your government spending is for early- retired government workers who make up a large part of total workers, you have no chance. When will they realize the best…
