Something Is Rigged: Unexplained, Record 2.7 Million Jobs Gap Emerges In Broken Payrolls Report
A superficial take of today’s jobs report would note that both jobs and earnings “blew past expectations, flying in the face of…
R.&L.Symmetric Analysis
Economic commentaries, articles and news reflecting my personal views, present trends and trade opportunities. By F. F. F. Russo (PLEASE NO MISUNDERSTANDING: IT'S FREE). MAIN QUOTATIONS: 1) former Federal Reserve chairman Paul Volcker in an address in early 1999 noted, "The fate of the world economy is now totally dependent on the growth of the US economy, which is dependent on the stock market, whose growth is dependent on about 50 stocks, half of which have never reported any earnings."- 2) "The biggest risk of all is not taking one." — Mellody Hobson
Reflections on earnings, recession and QT
Can EPS estimates move higher from here? Requires positive shock. Source: Macrobond Earnings sentiment pointing up Both in US and Europe.…
There’s No Bottom Until Frenzied Speculation Turns To Dust
Only when speculative sizzle attracts no buyers / marks will the bottom be in. There hasn’t been a truly organic…
European Refiners Now Have Too Much Oil
European refiners now seem to have more crude oil than they need – with the early panic about Russia’s dwindling…
France Is Facing A High Risk Of A Power Supply Squeeze In January
The French electricity grid is at higher risk of strained power supplies in January 2023 than previously estimated due to…
Europe Has Been Preparing a Global Gold Standard Since the 1970s: Part 2
There is more evidence of how European central banks are equalizing their monetary gold reserves proportionally to Gross Domestic Product…
Noland: “Dominoes Are Aligning For A Major Synchronized Global Crisis”
It would have been a nonevent; inconsequential. Confirming New Cycle Dynamics, the Truss government’s “mini budget” has unleashed absolute mayhem.…
The Rise Of The Global South & The Foundation Of A New Currency System
“The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked…
“This Is A Global Metacrisis”: Markets Risk Replaying 1987, 1994, 1997, 2000, 2008, The Arab Spring, 2012, 2015, And 2020 All At The Same Time
Even the neoliberals don’t want neoliberalism “Are you now, or have you ever been, a member of the Neoliberal Party?”…
The Housing Bubble Has Officially Burst : Case-Shiller Records First Drop In Home Prices Since 2012
Analysts expected Case-Shiller Home Price growth to continue its modest deceleration in August (the latest available data in this heavily…