Let’s cut to the chase. According to the BLS household survey (CPS), there were 1,446,000 fewer people working full time in August than in August 2008. That’s after an…
Will the ECB’s new lending program really make a difference? Lee Adler gives a definitive answer, tells why, and tells you what to look for to take advantage or protect your portfolio. Subscribers may click here to open or right…
Lee Adler tells CNBC Africa that the Fed may be tapering, but the key to the US market will now be in the actions of the BoJ and ECB. Subscribe to the Professional Edition for my proprietary research.
Google News mentions of “Apple Watch,” September 16, 2013: 10.9 million
Even venture capital is worried. ‘The crazier things get, the worse people execute’
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Early openers not doing much of anything: Kiwis -0.2%, Aussies -0.3%, Nikkei -0.2% and Sth Korea +0.3%.
In Aussie sectors, Miners +0.6%, Materials +0.4% down to IT -0.9%.
My recent piece, “The New Wolves Of Wall Street,” struck a nerve. I think it taps into both advisers’ insecurities and investors’ worries about not getting what they pay for. Good. That’s what I was going for. Before I follow up on that piece, though, let me make a couple of things clear. First, there […]
While Janet Yellen and her band of money printers work themselves into a tizzy over whether two buzz words—-“considerable time”—– should be dropped from their post-meeting word cloud, they might be better advised to just read the newspapers. This morning’s WSJ brings word that the lending boom which our monetary central planners are eager to stimulate is…
The new Federal Reserve industrial production data confirm that U.S. manufacturing’s performance month to month is being dictated lately by a volatile automotive sector. The 0.40 percent August decrease in real manufacturing output was keyed by a 7.63 percent nosedive in combined auto and parts production. This biggest monthly decrease for the sector since May, 2009 followed an even greater 9.25 percent monthly gain in July.