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James Quinn
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James Quinn is a senior director of strategic planning for a major university. James has held financial positions with a retailer, homebuilder and university in his 25-year career. Those positions included treasurer, controller, and head of strategic planning. He is married with three boys and... More
My blog:
TheBurningPlatform.com
  • SCHOOL'S OUT

     www.TheBurningPlatform...

     

     

    School has just let out or will let out in the next few days. Below are some disturbing unemployment figures. Teenage unemployment is up 62% from its low in 2006. Black teenage unemployment at 39.4% versus 20% in 2000 is a bad omen. Hispanic unemployment has almost tripled from 4.6% in 2006 to 12.7% today. These figures show that we have a powder keg in our urban areas. The most likely flashpoints are:

    Detroit  &nb... 280,000 unemployed (13.6%)

    Oakland  &nb... 132,000 unemployed (10.1%)

    LA   &n...   670,000 unemployed (10.1%)

    Chicago    475,000... unemployed (9.8%)

    Miami   ... 240,000 unemployed (8.5%)

    Combine 100 degree temperatures with teenagers looking for trouble and all it will take is one accidental shooting by a police officer to set off a firestorm. To me it looks like one of those droughts in Calif where the underbrush is ready to explode if ignited. With an 80 mph Santa Anna wind, who knows how bad it could get.    &nbs...

    Series Id:   &...LNS14000012
    Seasonal Adjusted
    Series title:  &nbs...(Seas) Unemployment Rate - 16-19 yrs.
    Labor force status:  Unemployment rate
    Type of data:   ...Percent
    Age:   ...16 to 19 years
     
    YearJanFebMarAprMayJunJulAugSepOctNovDecAnnual
    199915.213.914.214.213.313.913.413.314.813.813.913.4 
    200012.713.813.312.612.812.313.414.013.012.813.013.2 
    200113.813.713.813.913.414.214.415.615.216.015.917.0 
    200216.516.016.616.716.616.716.817.016.315.117.116.9 
    200317.217.217.817.717.919.018.216.617.617.215.716.2 
    200417.016.516.816.617.117.017.816.716.617.416.417.6 
    200516.217.517.117.817.816.316.116.115.516.217.014.9 
    200615.115.316.014.514.015.715.816.216.415.414.914.7 
    200714.814.914.815.515.816.115.116.216.115.816.316.9 
    200817.816.515.815.418.918.820.519.219.420.720.420.8 
    200920.821.621.721.522.7        

    Series Id:   &...LNS14000018
    Seasonal Adjusted
    Series title:  &nbs...(Seas) Unemployment Rate - 16-19 yrs., Black or African American
    Labor force status:  Unemployment rate
    Type of data:   ...Percent
    Age:   ...16 to 19 years
    Race:   ...Black or African American
     
    YearJanFebMarAprMayJunJulAugSepOctNovDecAnnual
    199929.228.329.726.725.226.026.927.032.031.629.524.4 
    200023.124.124.620.023.726.025.926.624.724.622.126.3 
    200127.930.529.329.423.827.725.329.428.531.232.934.8 
    200231.530.132.034.529.229.425.530.027.824.031.236.0 
    200330.731.633.932.136.137.934.029.632.537.428.628.7 
    200433.525.530.027.532.633.536.728.828.634.932.231.9 
    200529.731.933.235.937.232.932.335.633.033.038.523.6 
    200630.230.333.729.324.828.132.228.432.126.627.724.7 
    200729.229.124.731.129.631.526.431.529.327.129.833.8 
    200835.331.830.824.632.329.832.029.329.832.932.233.7 
    200936.538.832.534.739.4        

     

     

    Series Id:   &...LNS14000006
    Seasonal Adjusted
    Series title:  &nbs...(Seas) Unemployment Rate - Black or African American
    Labor force status:  Unemployment rate
    Type of data:   ...Percent
    Age:   ...16 years and over
    Race:   ...Black or African American
     
    YearJanFebMarAprMayJunJulAugSepOctNovDecAnnual
    19997.88.28.07.87.47.78.77.78.58.48.07.8 
    20008.28.17.47.07.77.87.77.97.37.37.37.4 
    20018.27.78.38.07.98.38.09.18.99.59.810.1 
    200210.09.910.510.710.210.59.89.89.79.810.711.3 
    200310.510.710.310.910.911.510.910.911.111.410.210.1 
    200410.49.710.39.810.110.211.010.510.310.810.710.7 
    200510.610.910.410.310.110.29.29.79.49.110.69.2 
    20068.99.59.49.48.88.89.58.89.08.48.58.2 
    20078.08.18.38.48.48.58.07.78.18.58.48.9 
    20089.28.49.08.89.79.49.910.711.411.311.311.9 
    200912.613.413.315.014.9        

     



    Series Id:   &...LNS14000009
    Seasonal Adjusted
    Series title:  &nbs...(Seas) Unemployment Rate - Hispanic or Latino
    Labor force status:  Unemployment rate
    Type of data:   ...Percent
    Age:   ...16 years and over
    Ethnic origin:  &nb...Hispanic or Latino
     
    YearJanFebMarAprMayJunJulAugSepOctNovDecAnnual
    19996.76.75.87.06.76.66.56.56.76.46.05.8 
    20005.65.76.15.55.85.65.85.95.85.16.05.7 
    20015.86.16.26.46.36.66.26.56.77.17.37.7 
    20027.87.07.58.07.17.47.47.57.47.97.87.9 
    20037.97.67.87.68.18.48.17.77.37.47.56.6 
    20047.47.47.57.17.06.66.96.86.96.76.76.5 
    20056.26.45.86.46.05.75.55.86.45.86.16.0 
    20065.75.55.35.35.05.25.25.35.44.65.04.9 
    20075.75.35.25.55.95.65.95.55.85.65.76.2 
    20086.46.37.07.07.07.77.58.17.98.88.69.2 
    20099.710.911.411.312.7        

     



    Series Id:   &...LNS14027659
    Seasonal Adjusted
    Series title:  &nbs...(Seas) Unemployment Rate - Less than a High School Diploma, 25 yrs. & over
    Labor force status:  &nb...Unemployment rate
    Type of data:   ...Percent
    Age:   ...25 years and over
    Educational attainment:  Less than a high school diploma
     
    YearJanFebMarAprMayJunJulAugSepOctNovDecAnnual
    19997.17.56.16.96.86.86.97.16.96.66.45.8 
    20006.46.06.66.26.96.36.46.26.26.46.55.9 
    20016.77.56.86.86.66.96.87.27.77.68.08.3 
    20028.28.38.19.18.37.88.68.47.88.79.08.9 
    20038.88.98.68.59.09.48.89.38.69.08.77.9 
    20049.18.68.88.68.88.78.28.18.78.48.08.1 
    20057.77.97.88.37.86.97.57.68.27.37.47.3 
    20067.07.26.97.07.07.17.16.86.45.86.56.6 
    20076.87.36.97.26.86.87.26.67.57.37.67.5 
    20087.77.48.27.98.48.98.69.79.810.410.610.9 
    200912.012.613.314.815.5    

    Jun 15 9:04 AM | Link | Comment!
  • ABBY NORMAL

    For an entertaining article about the new normal, go to:

    http://theburningplatf...

     

     

    Jun 12 10:18 AM | Link | Comment!
  • THIS WASN'T THE PLAN

     www.TheBurningPlatform...

    The 10 Year Treasury, upon which mortgage rates are set, is about to hit 4%. This is up from 2% in December. I may be wrong, but that seems to be a 100% increase. Shorting 10 Year Treasuries was the best investment of the year. So, Dr. Bernanke's plan was to lower mortgage rates so the morons in the Option ARMs and such could refinance and save the housing market. Not working Bennie Boy. The gig is up. The markets know what you are doing. The Chinese know what you are doing. The Arabs know what you are doing. They will not sit idly by while you screw them with low rates and the printing press going at hyper-speed. Next stop 5%, then 6%, then 7%, then 8%,......................

     Bennie, you should pull out your old Econ 101 textbook. Go to the chapter regarding Supply & Demand. It has a fascinating ending

    Treasurys Add To Losses After Weak 10-Yr Auction
      By Min Zeng Of DOW JONES NEWSWIRES

    NEW YORK (Dow Jones)--Treasurys added to their losses Wednesday afternoon, with the 10-year note's yield pushed up to just below 4%, following a relatively weak auction of $19 billion in 10-year notes ahead of a 30-year bond sale on Thursday.

    Long-dated Treasurys bore the brunt of the selling, pushing the yield on the 10-year note to as high as 3.996%, the strongest level since mid-October and approaching the psychologically important 4% level. The last time the 10-year note's yield rose above 4% was back in October.

    The yield for the auctioned 10-year note, a reopening of a sale in May, was 3.99%, higher than 3.95% traded just before the sale at 1 p.m. EDT. In technical terms, this is known as a tail, with a higher yield signaling the U.S. government needs to pay higher interest rates to entice bidders.

    But other gauges of demand were better than average. The bid-to-cover ratio, a main gauge of demand, was 2.62 compared with the average of 2.41 from the past five reopened auctions. Indirect bidders, a group that includes foreign central banks, was a healthy 34.2%, considered high for a reopening.

    Selling pressure also mounted as investors pushed for concessions to take down $11 billion in a reopening of 30-year auction Thursday afternoon, the final leg of the government's supply of $65 billion in notes and bonds this week.

    "As the Treasury continues to tap the markets for funding, concerns over supply and demand will only increase," said Dan Greenhaus, bond market analyst at Miller, Tabak & Co in New York.

    In recent trading, the two-year note's price was down 2/32 at 99 3/32 to yield 1.34%, and the 10-year note was down 24/32 to 93 7/32 to yield 3.95%. The 30-year bond was down 1 31/32 to 91 16/32 to yield 4.79%. Bond yields move inversely to prices.

    Bonds were already lower on negative comments from a Russian central-bank official and as investors pushed for concessions before the 10-year note supply.

    The Interfax news agency reported that Russian central bank Deputy Chairman Alexei Ulyukayev said Russia plans to reduce the proportion of gold and foreign-exchange reserves it invests in U.S. Treasury bonds. Ulyukayev said just over 30% of its reserves are invested in U.S. Treasurys at the present, but he didn't specify by how much that figure would fall.

    Russia is the fifth-largest foreign owner of Treasurys, according to data from the Treasury Department. In March, Russia lifted its Treasury holdings to $138.4 billion from $130.1 billion in February.

    "We are scratching our heads because the Russian headline is nothing new but still it caused a spike in yields," said Sean Maloney, a fixed-income strategist at Nomura International PLC in London.

    Jun 10 2:54 PM | Link | Comment!
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