Papaswamp

Papaswamp
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  • 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, 2014. 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, 2014. 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, 2014. 09:11 AM | Likes Like |Link to Comment
  • Consumer Confidence at 80.7  [View news story]
    Must be the weather
    Jan 28, 2014. 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, 2014. 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, 2014. 10:47 AM | 2 Likes Like |Link to Comment
  • Consumer Confidence at 80.7  [View news story]
    http://bit.ly/z5Et8J
    Jan 28, 2014. 10:43 AM | Likes Like |Link to Comment
  • Durable goods falls 4.3%  [View news story]
    Ouch...the revisions were even brutal.
    Jan 28, 2014. 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, 2014. 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, 2014. 07:43 PM | 3 Likes Like |Link to Comment
  • Home sales slow in December  [View news story]
    Little perspective...
    http://bit.ly/1f6yzKC
    Jan 27, 2014. 10:31 AM | Likes Like |Link to Comment
  • New Home Sales at 414K  [View news story]
    Oh yea looking awesome....
    http://bit.ly/1fqmK2o
    Jan 27, 2014. 10:18 AM | 1 Like Like |Link to Comment
  • More on Caterpillar Q4: Plans major stock buybacks  [View news story]
    So companies are using excess cash to buy back stocks and keep prices propped up? Not exactly a positive indicator for the future economy.
    Jan 27, 2014. 08:07 AM | Likes Like |Link to Comment
  • Jobless Claims edged up 1K to 326K  [View news story]
    US population in 2000 was ~ 248 Million...it is now over 310 million. Gallup has the P2P at 42.5% (working 30hrs a week or more)..lowest in several years. GDP comparisons per worker is a weak metric these days since debt levels (corporate and government) are at multi-decadal highs. Central banks are forced to sit on interest rates to prevent economic collapse. The market is a farce, propped up by mass intervention and continued debt/currency creation with continued government loans, guarantees and outright Fed monetary injections. The returns from such policies are obviously diminishing at a rapid rate.

    Simply put...there are too many people for too few jobs. Jobs are either not being filled, being replaced by cheaper workforce elsewhere or being replaced by technology. The technology aspect is rather large and another reason why GDP per employee is misleading (additionally the way GDP is now calculated). The worker is getting credit for the robot or computer that is doing the work.
    Jan 23, 2014. 12:39 PM | 1 Like Like |Link to Comment
  • Weak China data leads small global selloff  [View news story]
    ..lets see what happens after the London Market closes...
    Jan 23, 2014. 10:47 AM | Likes Like |Link to Comment
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