The Labor Report Looks Much Different Without Such High Positive Variation
The payroll report missed badly, as the headline “job creation” number gained only 38k in May 2016. That was the lowest monthly gain of the entire “recovery.” Last month’s figure, which had already caused significant [...]
Chart Of The Week: Stocks More Expensive Than 2000
This week's chart comes to us from Ned Davis Research via this article on MarketWatch: What that bottom pane shows is that the median price to sales ratio for the S&P 500 is about 2.2. [...]
Chart(s) Of the Week
It might be too early in the week, though not likely since only the irrelevant payroll report is really left, and too soon for definitive conclusions, but if I had to pick a chart of [...]
We Are Not The Barbarians
Some legitimate scientists are legitimately worried about the spread of information. The lack of boundaries afforded by an open internet has left the world awash in it, and with no shortage of opinion. This is [...]
‘Stimulus’ Hasn’t Worked, But It’s ‘For The Children’
The OECD pleaded this morning for more “coordinated action”, i.e., “stimulus”, without even bothering to explain why anyone would feel confident if governments around the world might actually oblige. This economy, the singular global economy, [...]
Mainstream Expects All At Once; In the Slowdown There Are Only Bits And Pieces But Still Pointing Down
As with China’s manufacturing, so goes global manufacturing. Rather than rebounding out of 2016’s dismal start, the failure to follow through in April and now May simply proves yet again that nothing has changed. These [...]
Still No Reason To Suspect China’s Paradigm Shift Has Ended
China’s official manufacturing PMI was unchanged at 50.1 in May. As such, the media doesn’t know what to make of it. It’s slightly less than the 50.2 “rebound” in March, but still more than the [...]
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