recovery

Moscow, Beijing, & Washington: A Complicated Triangle

The aspirations to global dominance of the American deep state have resulted in pushing China and Russia to adopt a comprehensive shared strategy in which they place at the center of their relations common interests rather than differences. The maneuvers towards de-dollarization are already being conducted. This for Washington is an existential threat that can hardly be ignored. Equally improbable is the possibility of America halting this drift.

Musical Chairs

Economics is a bit like musical chairs. In a recession, the economy takes a hit and there are some casualties. Some players fail to get a chair in time and are out of the game. The game then goes on without them. The economy eventually recovers. But a depression is a different game entirely...

"Jobs Data Nowhere As Strong As Headline" - Analysts Throw Up On Today's Seasonal Adjustment

According to MUFG strategist John Herrmann, the "jobs headline overstates" strength of payrolls. He adds that the unadjusted data show a “middling report” that’s “nowhere as strong as the headline" and adds that private payrolls unadjusted +85k in July vs seasonally adjusted +217k. He believes that the government used a "very benign seasonal adjustment factor upon private payrolls to transform a soft private payroll gain into a strong gain."

No High School Diploma? No Problem: Here Are The Best Paying Jobs For You

For those who want to join the fastest growing segment of the workforce (by educational level, or rather lack thereof), while having saved themselves the hassle of not only years of college, but also highschool, and certainly a lifetime of repaying student loans, here is what you have to look forward to: according to the BLS, these are the 35 highest paying occupations that require no formal educational attainment.

Could Inflation Break The Back Of The Status Quo?

Unprecedented expansion of credit, wage inflation and much-needed limits on the power of central banks to give away billions to oligarchs will generate inflation. The central planners have successfully masked real inflation behind a smokescreen of official statistics, but eventually a wind will rise that blows the smokescreen away, and the reality of rising inflation will break the back of the financial-political status quo.

Futures, Global Stocks Rise As Oil, USDJPY Drops: All Eyes On The Jobs Report

With all eyes on today's jobs report, where consensus expects a 180K payrolls gain, European, Asian stocks and S&P futures all rise amid a surge in government debt as markets digest the BOE's "kitchen sink" easing for a second day. But please don't overthink it. In deja vu fashion, Bloomberg summarizes the action simply as "stocks rose around the world on speculation central bank stimulus measures will support the global economy." We've heard that just a few times before.

The End Of A Trend: Oil Prices And Economic Growth

Far from a sign of good things for the economy as whole, recently declining oil prices now tend to indicate a weakening economy that was already in a weak state. It turns out that the oil price and the economy are now in a very tight relationship, and we are going to be seeing them together a lot for a long time to come.

The Stock Market's Big Lie: "I'll Take The Under"

One of the biggest “lies” in the financial world is that if you just invest your money in the markets over the long-term, you will average 7, 8 or 10% a year. Asset-gatherers don't give enough credence to the long-term effects of the “when” you start your investing cycle. The primary problem is that investors DO NOT have 100-years to invest BEFORE their disbursement cycle begins. Unfortunately, with stock valuations pushing the second highest level in history, forward return expectations (before inflation, taxes, and expenses) are extremely low.