Oct 3 2009

Economy Losing 11,000 Jobs per day since December of 2007. 824,000 Jobs Lost in Statistical Revision: 8 Million Jobs Lost Since Start of Recession. Nationwide Unemployment Rate at 17 Percent.

Since the start of this deep recession back in December of 2007 some 7.2 million jobs have been lost in the official BLS reports.  The official non-farm employment has dropped from 138 million to 130 million.  Think of it this way, for 21 months we have lost on average over 11,000 jobs per day.  As […]

Sep 15 2009

S&P 500 is The New Bubble: Current S&P 500 Value is Betting on Return to Bubble Peak, Housing Mania, and 4 Percent Unemployment.

One question that seems to pop up every so often is whether the S&P 500 is overvalued.  To put it simply, it is hyper-valued.  From the 666 low reached in March the index has rallied 57 percent.  Unfortunately much of the rally is based on temporary government stimulus, the U.S. Treasury and Federal Reserve trashing […]

Aug 22 2009

S&P 500 Over Priced: With 97% of Companies Reporting Q2 Earnings the PE Ratio is Now at 129. The Most Over Hyped Market Rally Ever.

There is probably no better indicator of market volatility than the current price to earnings ratio of the S&P 500.  The market volatility is spectacular and we are seeing more gyrations in this recession than we did during the Great Depression.  Since March when the S&P 500 touched the 666 mark, the rally has boosted […]

Aug 18 2009

34 Million Americans Receiving Food Assistance – 6 Million Increase in One Year: Five Charts Showing the Status of U.S. Employment: Manufacturing Pounded, Participation Rate at Multi-Decade Lows, Part-time Employment at Record Levels, and Less Layoffs with few Hires.

There is something troubling when the theme of recovery is never tied to U.S employment.  The American worker is suffering.  This has not changed.  The solace being offered is that less people are being fired.  I suppose the 26 million American workers who are unemployed or underemployed might find some comfort in the jobless recovery […]

Aug 5 2009

In Goldman Sachs We Trust: The Story of a $222 Stock going to $1 During the Great Depression.

As we look over the masters of the universe on Wall Street with Bear Stearns, Lehman Brothers, Merrill Lynch, Morgan Stanley, and Goldman Sachs only two remain standing and no longer in their previous form.  Yet in the midst of all this turmoil, the storied Goldman Sachs is still churning out the profits.  A recent […]

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