April Nonfarm Payrolls:+165K vs. consensus +145K, 138K previous (revised from +88K). Unemployment rate 7.5% vs. consensus 7.6%, 7.6% previous. [View news story]
No, it does not have anything to do with my belief system. Honestly, do you think there is only 7.5% of the population unemployed? Especially when non-farm payroll increased by only 165k? The numbers just don't wash.
April Nonfarm Payrolls:+165K vs. consensus +145K, 138K previous (revised from +88K). Unemployment rate 7.5% vs. consensus 7.6%, 7.6% previous. [View news story]
I just don't believe any of it anymore. A number comes out, it gets adjusted later. At this point no one can possibly believe these numbers reflect reality. How many people have just fallen off the cliff (e.g. no longer looking for work, working part-time, unemployment benefits exhausted, etc)
These numbers may make some people feel better but they make me uneasy. I feel that the rug that all of the dirt is being swept under has a huge bulge in the center.
Now that Washington looks to have accepted the $85B sequestration, GOP legislators are looking to see where they can apply the scalpel rather than the machete. Programs at risk include one for robotic squirrels that helps researchers understand how squirrels interact with rattlesnakes, and Nasa's research on feeding astronauts on Mars. [View news story]
Please cite a source for the, "Democrats have offered to reduce some of the sequester’s cuts in exchange for closing tax loopholes." assertion. Thanks.
OM Group (OMG +9.1%) agrees to sell its advanced materials business for $325M to a JV that includes Freeport McMoRan (FCX); OMG says it also may receive up to an additional $110M based upon certain revenue targets over a three-year period. OMG says the sale is in line with its strategy to shift toward technology-based businesses with attractive growth prospects and more predictable profits. [View news story]
FCX continues to make very astute moves and is positioning itself very well. I am very happy I backed the truck up at $31.97.
A preliminary review by Michigan has found that Detroit has a "serious financial problem," with reporting problems causing cash-flow projections to significantly oscillate on a monthly basis. The review could lead to the declaration of a fiscal emergency and prompt the appointment of an emergency financial manager. A municipal filing for bankruptcy protection, the biggest in U.S. history, could ultimately ensue. (previous) [View news story]
The city "leaders" in Detroit are already calling for Obama to bail them out ("bring home the bacon") because for no other reason than they voted for him. Obamaphone corruption in America is just beginning.
Southern Copper (SCCO +0.6%) is now Citigroup's preferred America's copper exposure and is raised to Buy in tandem with a downgrade of Freeport McMoRan (FCX -4.2%). SCCO operates true Tier 1 copper assets with cheap growth potential and minimal sustaining capex requirements, the firm writes; a near-term risk is that labor contracts in Peru need to be renegotiated in 2013. [View news story]
This is ridiculous. This is nothing more than Citigroup, Blackrock, etc. throwing a tantrum because they weren't privy or allowed forewarning. This is an excellent longterm move by FCX that increases it's reach and capability.
All this does is create a fine buying opportunity.
A bull on local newspapers, Warren Buffett's Berkshire Hathaway (BRK.B) will close at year's end its 10K-circulation Manassas News & Messenger, which began publishing in 1869. "We didn't see any way to turn it back into a profitable enterprise," says Terry Kroeger, who manages Berkshire's newspaper division. [View news story]
If you don't mind obsidian, I would like to see some hard evidence regarding the different time frames. Frankly, I don't see much of a difference even if a difference in holding does exist. Its all investment for profit. If a company fails in 3 years versus 7, it still fails.
I realize the Left's claims go nearly unchallenged these days, but maybe you could indulge my "prejeduce" (sic).
A bull on local newspapers, Warren Buffett's Berkshire Hathaway (BRK.B) will close at year's end its 10K-circulation Manassas News & Messenger, which began publishing in 1869. "We didn't see any way to turn it back into a profitable enterprise," says Terry Kroeger, who manages Berkshire's newspaper division. [View news story]
Wouldn't this make Buffet (the liberals' favorite capitalist) akin to that evil Romney and his actions at Bain? I think I need Chris Matthews to explain this to me.
@Shaun, you cite the USD as being the world's reserve currency as a reason why the US is in better shape than Greece. Well, if you think that is a legto stand on, you have not been paying attention. China is /has been making deals with Australia, Brazil, Argentina and Japan for huge currency swaps and exclusive trade deals NOT tendered in USD.
So, the world (i.e. China) is actively and aggressively working to undo the USD as the world's reserve currency. Additionally, as inflation takes hold it will be a double-whammy when thos near worthless USDs come home to roost.
"Asian-Americans are the highest-income, best-educated and fastest-growing racial group in the United States," the Pew Research Center wrote in recent massive study. The WSJ discusses the rise of Asian-Americans in a weekend essay, saying that they "have become the immigrant group that most embodies the American promise of success driven by will and resolve." [View news story]
Good. Compared to the other hordes, Asians share the values that made America great.
Who knows? An influx of Asians (that stay true to their culture) in lieu of other less productive immigrants, the election of Romney and the subsequent trimming down of entitlements and the federal government and improved economy, coupled with a new/different reality for the "Obamaphone" types in this country and we may actually be able to turn things around.
I'll bet it gets revised down. Secondinly, the fact a large portion of the growth was due to government expenditures is not good.
Though its not doomsday, I don't think its wise to whistle past the graveyard either. The economy is in bad shape and hasn't made any real strides at all. As I pointed out, annual GDP is trending down.
More on Q3 GDP: Real personal consumption +2% vs. +1.5% in Q2. Residential fixed investment +14.4% vs. +8.5%. Federal government expenditures +9.6% vs. -0.2%. Real final sales +2.1% vs. +1.7%. Prices +1.5% vs. +0.7%. Quickly rebounding stock index futures are given another boost by the beat, the S&P 500 flat after being down about 1%. [View news story]
The OWS types want MORE government handouts and a LARGER nanny-state. They didn't stand up for anything more than their own perpetual adolescent, selfish, chronic malcontented interests.
April Nonfarm Payrolls: +165K vs. consensus +145K, 138K previous (revised from +88K). Unemployment rate 7.5% vs. consensus 7.6%, 7.6% previous. [View news story]
April Nonfarm Payrolls: +165K vs. consensus +145K, 138K previous (revised from +88K). Unemployment rate 7.5% vs. consensus 7.6%, 7.6% previous. [View news story]
April Nonfarm Payrolls: +165K vs. consensus +145K, 138K previous (revised from +88K). Unemployment rate 7.5% vs. consensus 7.6%, 7.6% previous. [View news story]
These numbers may make some people feel better but they make me uneasy. I feel that the rug that all of the dirt is being swept under has a huge bulge in the center.
Now that Washington looks to have accepted the $85B sequestration, GOP legislators are looking to see where they can apply the scalpel rather than the machete. Programs at risk include one for robotic squirrels that helps researchers understand how squirrels interact with rattlesnakes, and Nasa's research on feeding astronauts on Mars. [View news story]
Is It Time To Consider Freeport-McMoRan? [View article]
OM Group (OMG +9.1%) agrees to sell its advanced materials business for $325M to a JV that includes Freeport McMoRan (FCX); OMG says it also may receive up to an additional $110M based upon certain revenue targets over a three-year period. OMG says the sale is in line with its strategy to shift toward technology-based businesses with attractive growth prospects and more predictable profits. [View news story]
Going over the fiscal cliff "looks like where we're headed," says Senate Majority Leader Reid. S&P 500 losses accelerate, -0.7%. [View news story]
A preliminary review by Michigan has found that Detroit has a "serious financial problem," with reporting problems causing cash-flow projections to significantly oscillate on a monthly basis. The review could lead to the declaration of a fiscal emergency and prompt the appointment of an emergency financial manager. A municipal filing for bankruptcy protection, the biggest in U.S. history, could ultimately ensue. (previous) [View news story]
Southern Copper (SCCO +0.6%) is now Citigroup's preferred America's copper exposure and is raised to Buy in tandem with a downgrade of Freeport McMoRan (FCX -4.2%). SCCO operates true Tier 1 copper assets with cheap growth potential and minimal sustaining capex requirements, the firm writes; a near-term risk is that labor contracts in Peru need to be renegotiated in 2013. [View news story]
All this does is create a fine buying opportunity.
A bull on local newspapers, Warren Buffett's Berkshire Hathaway (BRK.B) will close at year's end its 10K-circulation Manassas News & Messenger, which began publishing in 1869. "We didn't see any way to turn it back into a profitable enterprise," says Terry Kroeger, who manages Berkshire's newspaper division. [View news story]
I realize the Left's claims go nearly unchallenged these days, but maybe you could indulge my "prejeduce" (sic).
A bull on local newspapers, Warren Buffett's Berkshire Hathaway (BRK.B) will close at year's end its 10K-circulation Manassas News & Messenger, which began publishing in 1869. "We didn't see any way to turn it back into a profitable enterprise," says Terry Kroeger, who manages Berkshire's newspaper division. [View news story]
Seeking Alpha's Election Overview [View article]
So, the world (i.e. China) is actively and aggressively working to undo the USD as the world's reserve currency. Additionally, as inflation takes hold it will be a double-whammy when thos near worthless USDs come home to roost.
"Asian-Americans are the highest-income, best-educated and fastest-growing racial group in the United States," the Pew Research Center wrote in recent massive study. The WSJ discusses the rise of Asian-Americans in a weekend essay, saying that they "have become the immigrant group that most embodies the American promise of success driven by will and resolve." [View news story]
Who knows? An influx of Asians (that stay true to their culture) in lieu of other less productive immigrants, the election of Romney and the subsequent trimming down of entitlements and the federal government and improved economy, coupled with a new/different reality for the "Obamaphone" types in this country and we may actually be able to turn things around.
My fingers are crossed.
GDP Q3 (1st estimate): +2.0% vs. +1.9% consensus, +1.3% previous. [View news story]
Though its not doomsday, I don't think its wise to whistle past the graveyard either. The economy is in bad shape and hasn't made any real strides at all. As I pointed out, annual GDP is trending down.
More on Q3 GDP: Real personal consumption +2% vs. +1.5% in Q2. Residential fixed investment +14.4% vs. +8.5%. Federal government expenditures +9.6% vs. -0.2%. Real final sales +2.1% vs. +1.7%. Prices +1.5% vs. +0.7%. Quickly rebounding stock index futures are given another boost by the beat, the S&P 500 flat after being down about 1%. [View news story]