OK so it's up a tad this year but add a rate hike and we fall right back into the deflation we've had in the recent past --and that's when we really see an econ collapse.
OK so it's up a tad this year but add a rate hike and we fall right back into the deflation we've had in the recent past --and that's when we really see an econ collapse.
--and a top 'o the Thursday morning to all! Major stock indexes plodded up +0.1% in shrinking trade as our uptrend contends w/ this year's upside resistance ceiling. Likewise it seems for gold/silver, still just perched atop their 2016 base. Futures traders today see metals going down a half % and stock indexes up 1/4%. This week's econ stat flood continues--
7:30 AM Challenger Job Cuts
8:15 AM ADP Employment Change
8:30 AM Initial Claims
8:30 AM Continuing Claims
10:30 AM Natural Gas Inventories
11:00 AM Crude Inventories
--and there's no end of op-ed's that need posting:
Days of China Inc Always Having the Money Ending - Derek Scissors, RCM
The Cost of Austerity in Greece is Human Misery - Yanis Varoufakis, NYT
Re: Puerto Rico, Get Over Your 'Principled Opposition' - Marc Joffe, RCM
Curbing Our Excitement Over Rising Home Prices - Justin Fox, Bloomberg
How President Clinton's Welfare Fixes Failed - Jordan Weissmann, Slate
Worst Mistake You Can Make When Market Corrects - Paul Katzeff, IBD
How a Rate Hike Could Upend the S&P - Wallace Witkowski, MarketWatch
There's Bull Market Forming Right Now in Complacency - Doug Kass,RM
Trump's Protectionism Is Gravely Wrong - Jon Hartley, National Review
If Not 1%, Who Does Productive Work Today? - Michael Bernick, Forbes
A Clear Explanation In Favor of Ending the Fed - Steve Parkhurst, Big Jolly
The final hand in “FUNdemental transformation” is about to be played. Raising interests rates will put maintenance of the national debt costs above military spending. Social welfare programs will consume most all revenue, and the rest will be payback to the fed for 8 years of QE. Welcome to Zimbabwe.
One day the economic “geniuses” that run the economy will realize that the only way out of this mess is an across the board import tariff of abut 20%. That will immediately balance the budget. Will an import tariff cause inflation - yes, but not that much and there are no other alternates anyway. There will be pain followed by economic recovery that will rival anytime ever seen as industry repatriates and America goes back to work.
I dont’ think they have a clue what to do. Your graph of the growth rate skidding sideways for a decade can’t be changed but by a sweeping change that may be too late.
Nobody wants a 30 to 50K job with taxes and FUTA SUTA and all that rot when they can get enogh to get by and not do a thing.
The other “good” jobs are too few to make a difference.
With the dog of a jobs report this morning June is off...