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Venezuela has a terrible inflation problem. There is basically an official bolívar exchange rate and a black market exchange rate. What it comes down to is price controls / exchange controls create black markets and induce capital flight.
Capital flight: Coming to the U.S. in 2010 - 2011
Unemployment drops to 10%, looks like a boat load of individuals just stopped being counted by the government.
Either that or they took part-time work as a door greeter at Walmart to help deal with all of those holiday shoppers...hey, wait a minute!
Why is Paulson bullish on B of A?? Makes no sense to me at a macro level, or any other level for that matter.
BLS: "Yes, but our job losses (only) go to 11(k)."
# Toll Brothers' Q4 loss widened to $111.4M amid write-downs. Revs fell 30%.
But they're selling lots of McMansions don'tchaknow.
# Smith & Wesson swings to Q2 profit of $13.3M as revs jumped 49% to $108.8M.
LoL Too funny.
Only 10 % unemployment, and the EU markets goes balistic.
The dollar to strangly enough
Gold sunk down 1% in the same minute euro indexes and dollar jumped 1%!
What's the news???
Jobs are coming back, big time. My only surprise is that the number just missed being positive. There's your Christmas present headlines. Now go forth and spend, spend like there is no tomorrow.
Is this a bear trap or a bull trap ?
To the world we look to be the most corrupt of all. These BLS numbers are so blatantly manipulated that we are fast approaching a crisis of confidence where nobody believes the government on any data. I don't think we are far away now from a time where whatever data that is released it is ignored.
Our Great Leader spoke and unemployment went down. Pretty much like Moses.
OIL and the dollar up ???
smith and wesson revs up 49% oh yeah buddy its on . maybe its the GS secret santa christmas party shopping thats driving the numbers !
Damn I really wish I had gone hard on guns and ammo companies over the last year and half.
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