Homer II

Payments Shocks Boost Alt-A, Subprime RMBS Delinquencies

its "site", not sight

Equity Markets Show Key Reversal

Well, a month has passed and we are up 330 points in DJIA, up 41 points in the SPX, and NASDAQ is up over 80 points.

I guess this market still has legs. Thank you!

Brazil Chokes Off Foreign Investment

I wouldn't leave Brazil's markets just because a transaction tax has been imposed. It is one of those rare boom markets where you will always be handsomly rewarded for patience.

Asset Reflation Does Not Signal Recovery for U.S.'s Collapsed Economy

ryanclarke has is right about China eating our lunch. The real irony is coming when China signs up ALL the Iraq oil.

True September Unemployment 14%: Our System Is Broken

Thanks Mark for your research.

We really are heading for a decade of depression. We could even see real (not BLS definition of "real") unemployment up over 30-35%. My best guess is somewhat near the SGS number of 22% at this time. Assuming a labor force of some 137 million with 22% out of full-time work, we have about 30 million displaced workers. That is going to take upwards of a decade to absorb back into the workforce. This country will be thoroughly tested as to whether the people continue to believe in the "American Way" of democracy, and capitalism where anyone can aspire to rise up and succeed. Or whether they begin to give up trying to reach the level of achievement that their parents had, and slump down into a sad life of government control over jobs, wages, medicine, education, and essential freedoms.

Imagine a 17% Unemployment Rate? We're There

Clive, I think your 17% number is too low. I prefer the SGS number at 22% because it accounts for more of the "still unemployed but discouraged from looking" and the "took this janitors job til something better comes along" numbers than the BLS U6 number does.

HEY S/A: quit editing my posts! Just post what I write or else FVCK OFF.

Imagine a 17% Unemployment Rate? We're There

Clive, I think your 17% number is too low. I prefer the SGS number at 22% because it accounts for more of the "still-unemployed-but-... and the "took-this-janitors-jo... numbers than the BLS U6 number does.

Inflation Premiums at Multi-Week Highs Suggest Breakout for Commodities

Like Larry House, I too went long today in energy and metals: Oil/Gas (COP), Silver (HL), Platinum/Palladium (SWC), Copper (TCK) and Brazil (EWZ).

Inflation is well underway, in spite of protestations to the contrary by the Fed.

The Stealth Commodity Index

Thanks Thomas, for that timely piece of clever research. As many folks banter about whether we are seeing deflation or inflation, it is data like this which can help narrow down the speculation.

Jobless Claims Fall to the Lowest Level in 34 Weeks

Ohh YAY! We have falling unemployment claims. laaa-la-la laaa-la-la

When in reality, it just means about 11000 poor souls who have used up all their time on unemployment benefits must go away and stop getting assistance.

"They don't have jobs yet! Or do they? We dunno. They just go away so we don't get to track them anymore. And, so we don't care anymore, whether they have a job or not. The only thing that matters around here is what the numbers say."

( HEY OBAMA: Where are all those 5 Millions jobs you were gonna create? You know.. those you boasted about a year ago when you were campaigning?)

Equity Markets Show Key Reversal

My gut-feel is that fundamentals are currently trumping technicals. I don't have charts and numbers to support this observation, tho.

Inflationary Perfection: Too Good to Be True?

What do you call it when hard commodities all rise 40%, 50%, 80% over the last 3-4 months? Speculation? Don't believe me? Look at 3 month charts of any mining tissues of gold, silver, platinum, oil, copper, aluminum.
The "they" bureau are saying, "it's not inflation; it is the declining dollar". If it looks like inflation, feels like inflation, walks like inflation, why I'd expect that's what it is.

Are Best Buy's Earnings a Warning?

I recently purchased a large flat-screen TV from Amazon. It was $85 cheaper than the lowest price in my city which has BB, CC, and several other outlets. Shipping was free and included a service man contracted locally by Amazon who delivered and installed it, checked for damage or defects before leaving. Beautiful! Couldn't be any easier. I never left the house to look at the stores. The pesky sales types make appliance shopping a dread.

Jobless in August

Don't you see? this Socialist government DOESN"T WANT TO FIX UNEMPLOYMENT. The more that people are down and out in AmeriKa is all the more they can "convert" (coerce?) to having dependance upon the government for assistance, food stamps, etc. It is all about CONTROL of the populace.

Jobless in August

Mark Bern said:
Does this mean that the government is trying to make to initial reports look better than they really are by reporting low, hoping that nobody really pays attention to revisions?


Thats EXACTLY what the BLS is hoping.. that you won't notice when the revised figures come out a month or so after the initial "softened" numbers were released. They know those revisions are not seen as important news so they get token mention in a small 1 paragraph article buried on page 23 of your newspaper.