by Doug Short, Advisor Perspectives
Business Insider
With the surge in last week’s new unemployment claims, the largest in 65 weeks, and the fourth smallest number of monthly new nonfarm jobs since January 2014, today’s updated of the Labor Market Conditions Index takes on special significance.
The Labor Market Conditions Index (LMCI) is a relatively recent indicator developed by Federal Reserve economists to assess changes in the labor market conditions. It is a dynamic factor model of labor market indicators, essentially a diffusion index subject to extensive revisions based on nineteen underlying indicators in nine broad categories (see the table at the bottom for details).
Debt of mining companies in China’s leading coal province has ballooned to about the same level as its annual economic output, casting doubt over the ability of the regional authority to backstop their new bonds.
Current polls in Spain show an outcome nearly identical the December election in which no party or coalition of parties could foster a majority.
King of foreign M&A, at peak prices, funded by state-owned banks.
Oil futures soared past $46 a barrel on Wednesday to settle at their highest level in more than six months.
Commercial and Non-Commercial Market Participants
My first girlfriend — and we’re talking eighth grade here — was Persian. Maybe that’s why I’ve had such a fascination with the Middle East most of my life.
How severe has the economic recession since 2007 been? How thin the recovery?
An insidious new fantasy is blooming in Washington, D.C, academia and the media…
Governments must step up their fight against corruption or face damaging economic and social consequences that risks tipping more countries into crisis, the head of the International Monetary Fund (IMF) has warned.
A very common phrase used over the past couple years by the International Monetary Fund’s Christine Lagarde as well as other globalist mouthpieces is the “global reset.” Very rarely do these elites ever actually mention any details as to what this “reset” means. But if you take a look at some of my past analysis on the economic endgame, you will find that they do, on occasion, let information slip which gives us a general picture of where they prefer the world be within the next few years or even the next decade.
The progressive intellectual looks upon capitalism as the most ghastly of all evils. Mankind, he contends, lived rather happily in the good old days. But then, as a British historian said, the Industrial Revolution “fell like a war or a plague” on the peoples. The “bourgeoisie” converted plenty into scarcity. A few tycoons enjoy all luxuries. But, as Marx himself observed, the worker “sinks deeper and deeper” because the bourgeoisie “is incompetent to assure an existence to its slave within his slavery.”
Bernie Sanders is a longtime member of the U.S. Senate – and a devoted socialist.
I endorse Hillary Clinton for president. She is the second worst thing that could happen to America.
Right before I walked on stage last night in front of an audience of roughly 2,500 people, I said to myself, ‘This isn’t how I thought my day would turn out…’