September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
In the interest of evenhandedness, lets bring up the topic of republican socialism:
"July 23, 2012 5:45 am • By Tom Lutey
With the largest drought in a half century chewing up farm acres, the call for federal assistance is growing.
Montana farm groups are calling on Congress to renew emergency loss programs that expired last September. Forage losses to drought and fire, as well as lost crop revenue are hitting southern Montana farms and ranches hard.
“A significant portion of Montana is in pretty rough shape, the south and southeast,” said Ryan McCormick, Montana Grain Growers vice president.
Four disaster programs that expired last September should be revived to help drought-affected farms and ranches, McCormick said. For farmers, the big one is the Supplemental Revenue Assistance Program. Also known as SURE, the program covers crop and livestock losses that crop insurance doesn’t cover. It was created in 2008 as part of the farm bill, but expired a year ahead of other farm bill provisions, which end in two months...."
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
Your argument is a red herring, even in one of the hottest, western, democratic economies in the world, Brazil, unemployment is 5.3% and I imaginge most of the jobs in Brazil are resource extraction based.
The US is a much larger economy. What demand is going to soak up workers and drive unemployment down?
a) Internal demand? US consumer wage growth and personal wealth growth is stagnating.
b) External demand? You may have noticed that the rest of the world is trying to export their way to prosperity and the competition is intense. Even the world's largest exporter, China realizes that external demand is not the answer.
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
Here is what yours truly said back in August:
""July Nonfarm Payrolls: +163K vs. consensus +100K, prior +64K (revised from 80K). Unemployment rate 8.3% vs. consensus 8.2%, 8.2% previous. [View news story] TT,
If you look at the recent years numbers, there have been spike(s) up around the October time frame. Aug 3 11:08 AM | 0 Likes |Report Abuse |Link to Comment "
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
Comments:
1) To all the conspiratorial types: For whatever reason, this monthly jobs number has always popped around the Sept. - Oct time frame going back to at least '09, some sort of pre Xmas ramp up?
2) The companies in my industries are purging their work forces of older, more expensive engineers and scientists. By doing this of course, they save on labor and health care costs. As a result, the pages of LinkedIn are littered with 50+ year old "consultants".
H-P (HPQ -5.4%) dives as its analyst day gets underway (live blog, webcast). Meg Whitman has declared FY13 to be a "fix and rebuild" year that will see a broad-based profit decline (centered around enterprise services), and has again made cautious remarks about European and Chinese demand (previous). Analysts currently expect H-P's FY13 EPS to rise slightly. Streamlining H-P's product line is named a priority: the company plans to halve its printer SKUs next year. [View news story]
If Obama were recognized as the liberal republican that he is, your data would be used to support the case that Obama is pro business: American companies are successfully outsourcing to lower cost producers and/or automating in such a way as to accomplish more with less labor.
The bottom line is that the economy is flat to growing with less workers which should mean overall the US is more efficient.
Google (GOOG) is flying high right now, but fears are growing among the technorati that the embrace of mobile apps and "closed" social networking platforms will gradually diminish the value of the company's search empire. John Battelle recently summed up this view. "Google’s core model – built on the open, linked world of the web – is under threat from the advance of the iPhone and the app, the Facebook and the Path ... and countless other “unlinked” digital artifacts." (also) [View news story]
Short termism from some business administration major.
The key limiting difficulty for mobile platforms are the laws of chemistry. Battery energy density is scaling at very sub Moore's law rates. Meanwhile phones are being stuffed with necked down quadcore processors. Nokia put a 42 mp camera chip in a phone. The bottom line is that battery energy density is the limiter to phone functionality. Not to mention the bandwidth issues with moving data through the air.
Meanwhile back at places like Google, search should be getting more capable in multidimensional ways. Search will be expanded in hard directions requiring lots of processing power and bandwidth to match platforms running search that exploit the energy and data pipes wallplugs.
Quantitative easing will do little to boost the U.S. economy, says economist Joseph Stiglitz. Instead, it risks triggering currency and trade wars that will leave the world worse off. Rather than unilateral action, the world needs a “growth compact” aimed at spurring economic expansion around the world. He had hoped that G20 leaders would have started addressing the topic at the summit in Seoul, but now he feels the meeting will be spent dealing with the unintended consequences of the Fed’s action. [View news story]
A key observation which illustrates something that others have incompletely threshed out. Some fraction of the stock price story of sizable businesses depend on an export sales story line. Well to be a successful exporter means to some degree having a friendly government making helpful currency adjustments. Of course some members of the same political grouping who are fiscally conservative are against any currency manipulation for any reason because they have adopted some form of mattress banking.
The problem with fiscal conservatives is that they forget that no one country makes everything, so you have to buy stuff from the outside. This means you have to sell stuff to the outside to at least have neutral currency flows. The stuff that is sold outside unfortunately has to be competitively priced.
Is China The Biggest Malinvestment Case Of All Time? [View article]
The theoretical problem with the author's thesis is that the overall world GDP is around 2% - 3% and will stay there for quite some time while the rest of the world gens up it's middle class. While the author may disagree with Bernacke and the Chinese authorities sloppy methods, they are at least (imprecisely) betting on the right side of this trend. If US housing really starts to come back and demostrate sustained growth, Bernacke will look like a genius for propping up the economy. Bernacke certainly has made it very clear that he is more than willing to put on the brakes to excessive growth it's just that now is not the time.
Obama gets trashed at SA, but he's done the bipartisan thing in utilizing republican talent in his administration.
Burger King (BKW +0.7%) continues to fight in Florida for the right to sell beer and wine at self-styled "Whopper Bars" designed to make stores a late night destination. The company joins fast food players such as Starbucks and Sonic in cautiously testing alcohol sales, fully aware that local opposition will be swift and loud if they make any missteps. [View news story]
I wonder how well thought out this is?
Selling kids meals and booze at the same place?
Selling booze with a minimum wage, minimally staffed late night shift manned by spindly high schoolers?
Shrinking U.S. Trade Gap No Fluke; Weakening Asian Export Subsidies The Reason [View article]
Lenny,
No need to practice the "big lie" here. The $16 trillion debt load of which you speak is also due to republicans. The party of personal responsibility can't duck this one.
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
"July 23, 2012 5:45 am • By Tom Lutey
With the largest drought in a half century chewing up farm acres, the call for federal assistance is growing.
Montana farm groups are calling on Congress to renew emergency loss programs that expired last September. Forage losses to drought and fire, as well as lost crop revenue are hitting southern Montana farms and ranches hard.
“A significant portion of Montana is in pretty rough shape, the south and southeast,” said Ryan McCormick, Montana Grain Growers vice president.
Four disaster programs that expired last September should be revived to help drought-affected farms and ranches, McCormick said. For farmers, the big one is the Supplemental Revenue Assistance Program. Also known as SURE, the program covers crop and livestock losses that crop insurance doesn’t cover. It was created in 2008 as part of the farm bill, but expired a year ahead of other farm bill provisions, which end in two months...."
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
We are in what I believe is the "lobster tank" economy: there are just as many smart educated people here as anywhere else.
a) People in the US need to get over the attitude that manufacturing is some sort of legacy endeavor.
b) Being a super power hits your pocket book.
c) Books on how to perfect your "on-the-make" skills will flood the book stores.
d) Hustling, swap meeting, and ebay will be the norm.
Welcome to the reversion to the mean.
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
The US is a much larger economy. What demand is going to soak up workers and drive unemployment down?
a) Internal demand? US consumer wage growth and personal wealth growth is stagnating.
b) External demand? You may have noticed that the rest of the world is trying to export their way to prosperity and the competition is intense. Even the world's largest exporter, China realizes that external demand is not the answer.
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
""July Nonfarm Payrolls: +163K vs. consensus +100K, prior +64K (revised from 80K). Unemployment rate 8.3% vs. consensus 8.2%, 8.2% previous. [View news story] TT,
If you look at the recent years numbers, there have been spike(s) up around the October time frame.
Aug 3 11:08 AM | 0 Likes |Report Abuse |Link to Comment "
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
1) To all the conspiratorial types: For whatever reason, this monthly jobs number has always popped around the Sept. - Oct time frame going back to at least '09, some sort of pre Xmas ramp up?
2) The companies in my industries are purging their work forces of older, more expensive engineers and scientists. By doing this of course, they save on labor and health care costs. As a result, the pages of LinkedIn are littered with 50+ year old "consultants".
H-P (HPQ -5.4%) dives as its analyst day gets underway (live blog, webcast). Meg Whitman has declared FY13 to be a "fix and rebuild" year that will see a broad-based profit decline (centered around enterprise services), and has again made cautious remarks about European and Chinese demand (previous). Analysts currently expect H-P's FY13 EPS to rise slightly. Streamlining H-P's product line is named a priority: the company plans to halve its printer SKUs next year. [View news story]
Sep ADP Employment Change: +162K vs. consensus of +140K, 201K prior. [View news story]
The bottom line is that the economy is flat to growing with less workers which should mean overall the US is more efficient.
Google (GOOG) is flying high right now, but fears are growing among the technorati that the embrace of mobile apps and "closed" social networking platforms will gradually diminish the value of the company's search empire. John Battelle recently summed up this view. "Google’s core model – built on the open, linked world of the web – is under threat from the advance of the iPhone and the app, the Facebook and the Path ... and countless other “unlinked” digital artifacts." (also) [View news story]
The key limiting difficulty for mobile platforms are the laws of chemistry. Battery energy density is scaling at very sub Moore's law rates. Meanwhile phones are being stuffed with necked down quadcore processors. Nokia put a 42 mp camera chip in a phone. The bottom line is that battery energy density is the limiter to phone functionality. Not to mention the bandwidth issues with moving data through the air.
Meanwhile back at places like Google, search should be getting more capable in multidimensional ways. Search will be expanded in hard directions requiring lots of processing power and bandwidth to match platforms running search that exploit the energy and data pipes wallplugs.
Quantitative easing will do little to boost the U.S. economy, says economist Joseph Stiglitz. Instead, it risks triggering currency and trade wars that will leave the world worse off. Rather than unilateral action, the world needs a “growth compact” aimed at spurring economic expansion around the world. He had hoped that G20 leaders would have started addressing the topic at the summit in Seoul, but now he feels the meeting will be spent dealing with the unintended consequences of the Fed’s action. [View news story]
The problem with fiscal conservatives is that they forget that no one country makes everything, so you have to buy stuff from the outside. This means you have to sell stuff to the outside to at least have neutral currency flows. The stuff that is sold outside unfortunately has to be competitively priced.
Is China The Biggest Malinvestment Case Of All Time? [View article]
Obama gets trashed at SA, but he's done the bipartisan thing in utilizing republican talent in his administration.
Burger King (BKW +0.7%) continues to fight in Florida for the right to sell beer and wine at self-styled "Whopper Bars" designed to make stores a late night destination. The company joins fast food players such as Starbucks and Sonic in cautiously testing alcohol sales, fully aware that local opposition will be swift and loud if they make any missteps. [View news story]
Selling kids meals and booze at the same place?
Selling booze with a minimum wage, minimally staffed late night shift manned by spindly high schoolers?
Shrinking U.S. Trade Gap No Fluke; Weakening Asian Export Subsidies The Reason [View article]
Shrinking U.S. Trade Gap No Fluke; Weakening Asian Export Subsidies The Reason [View article]
No need to practice the "big lie" here. The $16 trillion debt load of which you speak is also due to republicans. The party of personal responsibility can't duck this one.