Unemployment

The Devaluation Of Higher Education

With the government interfering now for decades with this precarious balance, it is not unexpected to find that the essential link which allowed the market to work efficiently has been fractured. The result is that higher education degrees no longer hold any value for employers.

Key Events In The Coming Busy Week

The key economic releases this week include the personal income and spending report on Monday, ISM manufacturing on Tuesday, ISM non-manufacturing on Wednesday, and the employment report on Friday. The November FOMC statement will be released on Wednesday at 2PM.

American Dream, Revisited

No acts, deeds, crimes (the 2008 financial crisis), political events (the WikiLeaks emails showing virtually no distinction between the «nonprofit» Clinton cash machine, what’s private and what’s public, the obsessive pursuit of personal wealth, and the affairs of the state) seem to have real consequences. Immunity, impunity, corruption, speculation - we veer towards a state of zero responsibility (think Goldman Sachs). So, automatically, we yearn for an event of maximum consequence, a «fatal» event to repair that scandalous non-equivalence.

Market Trapped As Recession Risk Rises

With the ongoing political circus, weak corporate earnings (considering the massive reductions in expectations since the beginning of the year), Apple and Amazon both missing expectations (which really goes to the heart of the consumer), and consumer sentiment waning, it is surprising the markets are still holding up as well as they are. As long as the markets can maintain support about 2125, the bull market is still in play, but at this point, not by much.

"Things Have Become Quite Precarious"

"Undeniably, Yellen’s main accomplishment is that she primes the pump for Wall Street and the big banks so they can siphon off the accrued livelihood of the hoi polloi.  All the while she mucks around with the lives of hundreds of millions of people in ways that only the most ardent of central planners could find pleasure slobbering over."

Jared Dillian: "The Fed Is More Hawkish Than You Think"

"This is not a good Fed. They aren’t making decisions on a predictive, forward-looking basis. They are very concerned about optics, appearances—how things look. And to them, right now the optics of having Fed funds at 0.375% with unemployment at 5% are very bad. But that isn’t how it’s supposed to work."

GoldCore's picture

World Is Out of Weapons

“No one likes to admit defeat. But global policymakers, who continue to insist that there’s more they can do to revive growth and inflation, are starting to sound like Monty Python’s Black Knight (click to see video)..."