Saturday, March 5, 2011
"A couple of behind-the-scene facts: from October to February, an epic 700k people have left the work force. If you actually adjust for the fact that the labour force participation rate has plunged this cycle to a 27-year low the unemployment would be sitting at 12% today. Moreover the employment-to-population ratio — the so-called “employment rate” — stagnated in February at 58.4% and is actually lower now than it was last fall when “double dip” was the flavour du jour."
Thanks to Zero Hedge for these charts:
We have heard much from the propaganda machine just how much better the jobs situation has gotten under president Obama three years into his term. We would like to interject with two very simple charts...
h/t John Poehlingjobs
I remember all too well my refrain in the fall of 2008: "It’s all about JOBS, JOBS, JOBS!"
We created 192,000 headline jobs in the February employment report. It’s not enough, but it certainly is welcome news and it is heading in the right direction — although too slowly.
Friday, March 4, 2011
Thursday, March 3, 2011
Wednesday, March 2, 2011
Tuesday, March 1, 2011
Monday, February 28, 2011
Last week, the S&P 500 pulled back by less than 2% - certainly not sufficient to clear the overvalued, overbought, overbullish, rising-yields syndrome that we observe in the market, but enough to bring our estimate of S&P 500 10-year total returns from an expected 3.06% to an expected 3.25%.
From: John P. Hussman, Ph.D.
Hussman Investment Trust