Reuters – One in seven thinks end of world is coming: poll Nearly 15 percent of people worldwide believe the world will end during their lifetime and 10 percent think the Mayan calendar could signify it will happen in 2012, according to a new poll. The end of the Mayan calendar, which spans about 5,125… Continue reading None Of The Above Matters!
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The Wall Street Journal – Job Growth Slowed in April, Report Says A gauge of private-sector hiring showed weakness in April, the latest data point to suggest the labor market has cooled a bit from its healthy early-year pace. The U.S. added 119,000 nonfarm private-sector jobs last month, the slowest pace since September, according to… Continue reading How Tomorrow’s Payroll Report Could Heighten QE3 Talk
<Click on chart for larger image> The Hill – Treasury: Tax receipts not changing deadline on $16.4T debt limit If the debt limit were to be reached prior to the 2012 elections, Treasury would be able to invoke extraordinary measures to extend borrowing authority beyond the next elections,” the spokesman said. At an event earlier… Continue reading The Debt Ceiling Is Coming Before The Election!
The Wall Street Journal – Treasury Doesn’t Sound a New Note The Treasury Department surprised bond investors by delaying a decision on whether to introduce floating-rate notes to its mix of debt securities. Treasury officials in statements released Wednesday cited “system limitations” that would prevent any possible issuance of floating-rate notes this year. The action… Continue reading Decision On Floating Rate Notes Postponed
<Click on chart for larger image> CNN Money – The 86 million invisible unemployed There are far more jobless people in the United States than you might think. While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring… Continue reading A Look At Americans Who Have Left The Labor Force
Bloomberg.com – Gold Standard for All, From Nuts to Paul Krugman Nut cases. That’s what they are. And if you take an interest in them, you are a nut case, too. That’s the consensus among credentialed economists who describe advocates of a return to the monetary regime known as the gold standard. In fact, the… Continue reading The Gold Standard
<Click on chart for larger image> The Financial Times – Growth vs austerity ignores the euro facts The eurozone economy is projected to be in recession this year and to barely stabilise in 2013. The US and Japan have now been growing again for some time, although modestly, and emerging markets are experiencing a soft… Continue reading The Euro
The Financial Times – Ron Paul: Our central bankers are intellectually bankrupt The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers. Why? Central bankers neglect the fact that interest rates are prices. Manipulating those prices through credit expansion or contraction has real and deleterious effects on the economy. Yet while… Continue reading Ron Paul Voices His Opinion
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Charts of the Week Topics Covered This Week Include: Is The Neutral Rate Still Negative? The Fiscal Cliff Sell In May And Go Away …Except In Election Years Unemployment In Europe Rises The Crisis In Spain Portugal Earnings Update, Now Looking Very Average Market Cap To GDP Is Inflation A Problem? Is Food Inflation Coming?… Continue reading Charts of the Week
Bloomberg.com – Engle Joins Krugman in Recommending Higher Inflation for U.S. New York University professor Robert Engle said policy makers should consider allowing slightly higher inflation as a way to spur the U.S. economy, joining fellow Nobel Prize winner Paul Krugman who says it could reduce unemployment. “A little bit of inflation would do a… Continue reading Why Does The Federal Reserve Target A 2% Inflation Rate?