Zero Hedge – CNBC Viewership Plunges To 21 Year Lows It’s over: whether due to the complete domination of centrally-planned markets by a few central banks, whether as a result of HFTs forcing out all human traders and investors, whether due to volatility plunging to record lows and complacency at record highs, whether viewers simply… Continue reading CNBC Viewership
538 Blog – FiveThirtyEight’s Senate Forecast Updated 2:24 PM EDT September 7 Republicans have a 65.1% chance of winning a majority. Democrats have a 34.9% chance of keeping the majority.
The Wall Street Journal – Jobs Report: U.S. Payrolls Climb 142,000, Short of Expectations U.S. job growth slowed to its lowest level of the year in August, a stumble for labor markets that had delivered a string of steady gains over the prior six months despite uneven economic growth. The unemployment rate, obtained via a… Continue reading Employment In Pictures
<Click on chart for larger image> Zero Hedge – David Tepper Is Back, Sees “Beginning Of The End” Of Bond Bubble It has been a while since Tepper warned of “nervous time” and told his hedge fund pals “don’t be too freakin’ long.” Since then the manipulated equity market bubble has gone straight up with… Continue reading More Bond Bearishness
The Economist – Buttonwood: American exceptionalism Japan is no longer the odd one out in the rich world If there is an exception in the rich world, it looks like America. The gap between yields on its bonds and on Germany’s is now almost as wide as it has been at any point since the euro… Continue reading On Low Yields
The Economist – Wage stagnation: The big freeze Throughout the rich world, wages are stuck CENTRAL bankers once used to inveigh against wage inflation. Guarding against a return to the ruinous price-wage spirals of the 1970s was a constant preoccupation. Since the financial crisis, however, they have started to fret about the opposite concern: stagnant wages… Continue reading Wage Growth
The Wall Street Journal – Trading Volume Slows to a Crawl The slowdown in trading over the past several months comes as investors see little reason to make big changes to their portfolios. Major U.S. stock indexes keep climbing to fresh records amid a growing economy and improving corporate profits. Diminished volatility has played a… Continue reading More on Low Volume
The Financial Times – Gillian Tett: An unequal world is an uncharted economic threat Since the global economic crisis of 2008, western growth rates have been disappointing This week, the American economy won a little burst of applause. The World Economic Forum issued its latest report on which countries are considered to be creating “sustained prosperity”… Continue reading Economic Growth Rates
<Click on chart for larger image> Zero Hedge – Goldman Goes Full Retard: Buy Stocks Because Hedge Funds Suck; Also Chase Momentum And Beta It seems like it was only yesterday when Goldman was predicting either two-thirds chance of a 10% correction in stocks, said that the S&P is either 30% or 45% overvalued relative… Continue reading Money Management’s Terrible Year (Again!)
Seeitmarket – Who Let The Bulls Out? What a difference a few weeks makes. After a huge second half rally in August, many sentiment polls are now showing a good deal of optimism. Remember, it was just three weeks ago the masses were up in arms that the long awaited 10% correction was finally coming.… Continue reading How Fickle Are Retail Investors?
The Financial Times – US Main St subprime lenders under pressure Zero-interest retailers feel pinch of overloaded credit market Easily available corporate credit and buoyant bond markets spurred by yield-hungry investors have helped give rise to a new crop of lenders willing to extend money to those with less than pristine credit histories. Subprime auto lenders… Continue reading Is Subprime Back?