Jan 9 2009

Employment Situation: 2.5 million jobs lost in 2008. 524,000 Jobs Lost in December, Unemployment Surges to 7.2%. Broader Measure of unemployment at 13.5%.

The unemployment situation continues to weaken.  The BLS reported 524,000 lost jobs in December and also revised the November numbers up to 584,000.  As we have been saying for some time, this now makes 2008 the year of worst job losses since World War II.

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Jan 8 2009

Economic and Investing Forecast for 2009: 10 Charts Showing no Economic Rebound in 2009.

Today the ADP National Employment Report stated that private sector jobs fell by a much larger than expected 693,000 in December.  This report stunned on the downside and is a prelude to the Bureau of Labor and Statistics report which comes out on Friday.  The market also suffered its worst one day since early December.  […]

Jan 6 2009

Monetary Policy: Monetary Policy Slamming on Breaks. What do you do when banks don’t want to lend? Become the consumer. Government getting ready to spend to stimulate the economy.

Monetary policy is a delicate game of cat and mouse.  You raise rates, you lower rates, or you jawbone a little and normally, the markets respond to the Fed like a conditioned hamster looking for a piece of food.  Yet the Fed has lost this power.  What happens when the public gets a look behind […]

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Jan 3 2009

10 FDIC Charts and Graphs Highlighting Bank Problems: FDIC Analysis Examining 2009 Future of over 8,000 Banks Insured by the FDIC.

With all the problems occurring in the banking system, it is rather astonishing that so few have failed in 2008.  At least that is the perception being put out there for us to digest.  Yet the failure of one IndyMac or Washington Mutual is the equivalent of 100 smaller bank failures all at once.

Jan 2 2009

The Federal Reserve and U.S. Treasury Determined to Sink the U.S. Dollar in 2009. Why Gold and U.S. Dollar went up in 2008.

2008 will go down in history as the worst global market for countless investments since the Great Depression.  It was significant even with the late rally which occurred after the November bottom.  What this signifies is that market volatility a sign of a very unhealthy marketplace will continue in 2009.  Yet the more important point […]

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