Stephen Kanitz

Unemployment as a Lagging Indicator: Not This Time

In April the US government hired 90.000, state intervention, which is distorting your analysis. The comeback is 90.000 stronger than it seems.

Jobless Claims as Percent of Payrolls Aren't as Bad as in Previous Recessions

Another point is that payroll's as % of GDP is also down, due to massive increase in pensions, dividends and other non-employment-income. See the article.

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Beware False Claims about Jobless Numbers

Mark, do us all the favor. Recalculate joblessness as % of labor force, call it the Mark Perry Index, otherwise the mistake will be repeated ever ana ever.

S&P 500: The Best Risk/Reward in 20 Years

I wish everyone would contribute with a graph or statistics as Nike Abe has done. We are all quantitatively literate, and a graph explains more than a 1000 words.

U.S. Unemployment: Is Media Hype Missing the Point?

Oops. But only 60% of income is employment related today , compared to 85% in 1929, compared to 75% in 1970. See my article.

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The Antidote to Economic Malaise: A Culture of Collective Mindfulness

We seem to have forgotten the 5 C's of Credit. IBanks lent on Collateral only. Madoff investors invested on Character, sic, and forgot the rest.

Has Cutting Interest Rates Saved Anyone?

Right on. See my graph showing the evolution since 1929 until 2008 of non emplyment income.

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Government's Ponzi Scheme: 1000 Times Worse than Madoff's

Great article. What is called a "Pay as You Go System" , actually means that new entrants are paying first comers, just like Maddof did.

In Madoff We Trust

Absolutely correct. Unfunded Social Security and Medic Aid is a another form of Ponzi Scheme. Those that call it a "Pay as You Go System" forget that it works just like Maddoffs scheme. Late entrants pay for the rest. Great and rare article. Congrats.

Are Equities about to Come Back into Favor?

You may be right. In November, brazilian individual investing in the stock market, via internet, rose from 520.000 to 550.000 a month in the middle of the down turn. Most of them using redeemed money from hedge funds etc.

Where Will Baby Boomers' Savings Go?

Nice article. But a reminder. The 'pay as you go" Social Security system is a euphemism for "the youger generation pays", as you go spending their money, future savings money.

There is no way the younger generation can pay for the "unsavers" and save the required funds for their own retirement.

The Downfall of Keynesian Economics and the U.S. (Part 1 of 3)

Allowing Tax deductability of 100% of Mortgage Interest Paid, practically forces every american to leverage is home to the ceiling, with second and third mortgages, this time to buy cars. That is not a free market economic policy, but a fiscal policy to ensure full employment and home ownership ( sic) .

Stop Calling This a Depression

Banks cannot lend more than 12 x their inflation erroded capital. that's Basel bank regulation at its best.

When banks made hefty profits, no problem. But 2009, banks will have to curtail lending by -4% inflation x 12, or -48% of capital.

Its the same old story that destroyed comercial banking, and favoured investment banking, withou this ludicrous rule.