cato

The Twenty Year Stock Bubble Is Still Inflated

On the contrary, valuations are low.

I expect GDP growth to average around 7-8% from 2010 onward. What, 7-8%!!?? Well that's really only 1-2% nominal growth -- the rest will be inflation.

Last time I checked though, the S&P is priced in nominal dollars not "real dollars" or gold.

Jobless Claims Drop to Lowest Level in 40 Weeks

The title of the article and the graph are both misleading (deliberately, perhaps?). You have to read the text to find the truth.

"Jobless claims" have NOT dropped. "NEW jobless claims" have dropped. There's a big difference.

You're not talking about unemployment itself..... or even the 1st derivative of unemployment -- you're talking about the 2nd derivative.

Jobless Claims Fall to Lowest Level in 37 Weeks

Completely misleading.

You say: "....that measure of jobless claims has fallen in 20 out of the last 26 weeks" Excuse me. The number of jobless claims has climbed ever higher. Only the number of NEW claims has actually fallen.

It's kinda like falling from an airplane without a parachute. At some point, the increase in your speed will decline. That does not mean that you're no longer falling. It doesn't even mean you've slowed down.