Here is the opening statement from the Department of Labor: In the week ending November 29, the advance figure for seasonally adjusted initial claims was 297,000, a decrease of 17,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 313,000 to 314,000. The 4-week moving average was 299,000,…
In this rather long post Brad (who writes faster than most people can read causing potentially inefficient fixed pixel formation) Brad spends an odd amount of time critiquing some neo-Austrian and Singer the inflation truther. But then he discusses the thoughts Bernanke and Summers, which are well worth discussing. Ben Bernanke says that there is a: risk……
Following awful Thanksgiving retail sales news, on Wednesday the Potemkin Village of U.S. economic “recovery” was dealt additional body blows as 1) the MBA’s weekly refinancing index plunged by an astonishing 13%; 2) November unit labor costs – i.e. wages – unexpectedly plunged 1.0%; 3) the PMI services index printed at its lowest level since…
Coca-Cola (KO) is the world’s leading beverage company. The company has a market cap of $192 billion, $44 billion larger than rival PepsiCo (PEP). Coca-Cola is more than its flagship Coca-Cola brand. In total, the company controls 17 brands that sell over $1 billion per year. Eleven of these 17 brands are non carbonated. The table below shows…
While there are shared commonalities between investing in startups and investing in stocks, there are certain nuances that can make the difference between generating market-beating returns or suffering disappointing losses. Photo Credit: Shutterstock, Architectural design and project blueprints drawings Most investors ‘come of age’ learning the mechanics and strategy of investing through their involvement in…
Like my friend Josh Brown does, I often don’t know where I will end when I start writing… I know I have something to say, given my own time writing for RealMoney.com, and now having publicly written on financial matters for over eleven years, with thanks to Jim Cramer, who gave me my start. Photo Credit: Penn State…
The ECB has not announced any new initiative. It stands ready to do more next year, but there was no specific mention of sovereign bond purchases. There was no tweaking of the second TLTRO which will launched next week. The staff did cut the forecasts for growth and inflation, but Draghi acknowledged that the…
Private nonfarm payrolls in the US are projected to increase 206,000 (seasonally adjusted) in tomorrow’s November update from the Labor Department, based on The Capital Spectator’s median point forecast for several econometric estimates. The monthly prediction reflects a slight deceleration in growth vs. October’s 209,000 gain. Compared with two estimates based on recent surveys of…
Back in March the ECB predicted 2014 inflation would be 1.0%, with prices rising to 1.3% in 2015. Since then one can say that deflation has once again taken hold, and following two consecutive cuts to 2014 inflation expectations, moments ago Draghi just released the ECB’s latest set of inflation expectations. In a nutshell: in just…
The vastly improved fiscal situation may last only a few years, but it’s a big plus for U.S. markets and the U.S. dollar — and another nail in the coffin for the gold bugs and doom-and-gloomers who can add one more item to the long list of things they got really, really wrong.” Why the US’s…
