Unemployment

Tyler Durden's picture

"The Only Mystery Is Why Everyone Persists In Talking About A Recovery"





There is no mystery anywhere to be found in the fact that US retail sales don’t follow the jobs trend. Not if you look at what kind of jobs they are, let alone at all the other made up and manipulated numbers that are being thrown around about the US economy. The only mystery is why everyone persists in talking about a recovery. That recovery will never come, simply because all 90% of Americans do is pay for the other 10% to get richer. There are many other factors, but that all by itself makes a recovery a mathematical mirage.

 
Tyler Durden's picture

3 Things: Strong Dollar, Oil, Missed Employment





With all deference to Dr. Richard Fisher, the surging dollar is not good for either the economy or ultimately a stronger labor market. This is particularly the case when the dollar is only stronger because the rest of the world is on the brink of recession and or deflation. The negative impact of a surging dollar in a weak economic environment will more than likely outweigh any positive inputs for the U.S. consumer. Time will tell, but the evidence is mounting that the we are likely closer to the end of the current economic cycle than the beginning.

 
Tyler Durden's picture

The Mystery Of America's Missing Wage Growth Has Been Solved





Dear Federal Reserve, we have just solved the biggest riddle that your "smartest economist PhDs in the room" have been unable to figure out for the past year...

 
Tyler Durden's picture

Fed Will Open "Pandora's Box" With Rate Hike, UBS Warns





"While equity prices look expensive relative to real economic activity, they are arguably cheap relative to bond valuations. S&P 500 earning yields are similar to BB/B bond yields, as opposed to A/BBB yields historically, indicating excessive yield-seeking behavior in the face of reduced bond market liquidity," UBS cautions.

 
Tyler Durden's picture

Deutsche Bank Asks "Is The S&P Ready For Rate Hikes?" (Spoiler Alert: No)





"...this hiking cycle is nothing like any experienced before and the key to PEs will be how LT yields react. But in the meantime, EPS risk remains to the downside on FX, whereas the debate on magnitude of Fed hikes and how bond yields and PEs react will last all year... We see risk of a near-term 9% dip."

 
Tyler Durden's picture

The European Union's (Other) Deflationary Driver - Job Computerisation





The computerisation of European jobs - who will win and who will lose from the impact of new technology onto old areas of employment?

 
Tyler Durden's picture

The 'Other' Biggest Greek Problem: Shipping





Simply put -  the Greek economy still consumes more than it earns. Despite a 25% contraction in its economy, a plunge in domestic consumption and a sharp decline in imports, as WSJ reports, Greece is still exporting less than it imports, i.e. its current account is still negative. The reason... Shipping.

 
EconMatters's picture

The Real Reason the Fed Has To Raise Rates in June





Financial markets should actually be begging the Fed for a June 25 basis point rate hike, the alternative is going to hurt a lot more... 

 
Phoenix Capital Research's picture

A Bond Market Revolt is Fast Approaching





Yields can always go lower… but at some point investors will have to ask, “how much am I willing to pay the Government to sit on my money? 1%? 2%? 3%?”

 
 
Tyler Durden's picture

The Fed Blew It





The Fed had multiple opportunities to let the air out of unsustainable asset bubbles by notching interest rates higher and tapering its asset purchases (QE). Instead, it waited until the next global recession is already starting to consider what should have been done long ago.
 
Tyler Durden's picture

Peter Schiff On The Absurdity Of The Fed Losing Patience





The Fed's real predicament is not how to raise rates, but how to talk about raising interest rates without ever having to actually raise them. If we had a real recovery, the Fed would not need to couch its language so delicately. It would have just pulled the trigger already. But when its communications and its intentions are different, credibility becomes a very delicate asset.
 
Tyler Durden's picture

Meanwhile In Greece, "Emotional Apathy Sinking In"





... gradually, from one scare to another, many – and especially those who have nothing left to lose – have given up looking for defenses, whether individual or collective, and have given in to the sin of sloth. They are not lazy or indifferent but experiencing emotional apathy. It has become a certainty that our destruction is much worse than a self-fulfilling prophecy: It has been orchestrated from outside. Either to punish the “lazy Greeks” or to warn others being tempted into believing that the European Union – as it is today, as a herald of a policy of austerity that can’t even be backed by the numbers – is repulsive rather than attractive.

 
Tyler Durden's picture

Recovery? 50% More New Yorkers Sleeping In Shelters Than In 2010





The US economic recovery continues as the number of homeless in New York's shelters rises 50% in three years. De Blasio says New York needs to take "immediate and bold steps" to combat the worsening problem. 

 
Tyler Durden's picture

Why Is Per Capita Energy Consumption At Recession Levels After Six Years Of "Recovery"?





Per capita energy consumption remains at recession levels. There are other factors at work here, of course, but if we combine these data series, we get a picture not of robust growth akin to previous post-recession periods, but a "recovery" that by previous standards remains recession-bound.

 
GoldCore's picture

Currency Wars Continue As IMF Concedes End To Dollar Hegemony





Last month the Deputy Managing Director of the IMF, Japan’s Naoyuki Shinohara, openly stated that emerging markets in Asia should begin the process of de-dollarisation “to mitigate against external shocks and constraining the central bank’s ability as lender of last resort.”

 
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