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Papaswamp

Papaswamp
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  • ADP Jobs Report added 175K [View news story]
    Jolts does have some great data. Quits I know supposedly indicates how mobile workers are (looking for something better v things stink and too scared to change). It has been trending in the right direction.

    I realized part of my question was stupid since I believe ADP counts total pay checks (correct?) thus layoffs wouldn't be a factor.
    Feb 5 08:55 AM | Likes Like |Link to Comment
  • ADP Jobs Report added 175K [View news story]
    Do they determine full vs part time or just number of hires? I'm curious if the CBOs ACA impact is starting. It would also be helpful to see number of layoffs vs hires per month to see how big job growth really is. Are these people staying or only temp.
    Feb 5 08:36 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Brazilian Production -2.3 vs 0.4 last time. Not sure why this is going unnoticed.
    Feb 4 08:07 AM | 4 Likes Like |Link to Comment
  • Consumer Confidence at 80.7 [View news story]
    This puts things nicely into perspective...
    "Since 2009, the year the recession ended, inflation-adjusted spending by this top echelon has risen 17 percent, compared with just 1 percent among the bottom 95 percent."
    http://nyti.ms/1eO1kdy
    Feb 3 04:17 PM | Likes Like |Link to Comment
  • Wal-Mart warns on profits [View news story]
    Here seems to be the cause...
    http://nyti.ms/1eO1kdy

    "More broadly, about 90 percent of the overall increase in inflation-adjusted consumption between 2009 and 2012 was generated by the top 20 percent of households in terms of income, according to the study, which was sponsored by the Institute for New Economic Thinking, a research group in New York."

    This seems to be borne out in today's auto sales with high end auto sellers not impacted by the weather vs Ford.
    Feb 3 04:14 PM | Likes Like |Link to Comment
  • New Home Sales at 414K [View news story]
    Participation rate is degrading too rapidly compared to job creation....that's assuming the jobs created generate enough income for people to be able to afford purchasing a home.
    Feb 3 03:14 PM | Likes Like |Link to Comment
  • Jaguar Land Rover January U.S. Sales [View news story]
    Guess the weather only impacts the poor?
    Feb 3 03:10 PM | 1 Like Like |Link to Comment
  • Wal-Mart warns on profits [View news story]
    Don't worry... 1.3 million dropped from EUC2008 will rotate to food stamps... Unless they were already on it. Though I suspect the EUC paid more than SNAP.
    Jan 31 09:11 AM | Likes Like |Link to Comment
  • Consumer Confidence at 80.7 [View news story]
    Must be the weather
    Jan 28 01:22 PM | Likes Like |Link to Comment
  • Durable goods falls 4.3% [View news story]
    Maybe...but bonds and gold are acting like the taper is coming.
    Jan 28 10:49 AM | Likes Like |Link to Comment
  • S&P Case-Shiller Home Price Index [View news story]
    Agreed. I'm worried the employment picture is starting to sour. Gallup is seeing a rapid decline in participation rate.
    http://bit.ly/z5Et8J

    And the housing trends are headed in the wrong direction.
    http://seekingalpha.co...
    Jan 28 10:47 AM | 2 Likes Like |Link to Comment
  • Consumer Confidence at 80.7 [View news story]
    http://bit.ly/z5Et8J
    Jan 28 10:43 AM | Likes Like |Link to Comment
  • Durable goods falls 4.3% [View news story]
    Ouch...the revisions were even brutal.
    Jan 28 08:39 AM | 2 Likes Like |Link to Comment
  • STOCKS STILL UNDER PRESSURE - By WSS Research Desk [View instapost]
    Why are CATs results considered better than expected? Sales were worse Y/Y. Stock holders only benefitted due to corporate QE ( stock buy back) and cost cutting...not an improving economy and increased sales.
    Jan 27 07:47 PM | Likes Like |Link to Comment
  • New Home Sales Freeze Up [View article]
    Any claim that housing is recovering isn't looking at the big picture.
    http://bit.ly/Lhxl6o
    Basically it is range bound in multi decadal lows. This is after massive bailouts, cash injections and forced low interest rates. People should be extremely worried.... Regardless of weather.
    Jan 27 07:43 PM | 3 Likes Like |Link to Comment
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