The seasonally finagled headline number for nonfarm payrolls for July increased 209,000. The consensus expectation of Wall Street conomists was for a gain of 220,000. The Wall Street media judged it a “miss.”…
Lee Adler discusses liquidity trends and translates Janet Yellen’s remarks in the wake of the last FOMC meeting in mid June 2014.
This video was originally posted for subscribers of Radio Free Wall Street on June 20, 2014. To see current videos in real time subscribe here.
Lee Adler explains why we don’t need a crystal ball to front run the Fed. No ball gazing or front running is required to see the top. Subscribers may click here to open or right click to download this video and…
Lindsay Williams interviewed Lee Adler on Thursday, July 24. The next Radio Free Wall Street posting for subscribers will be on Sunday, July 27, 2014. See you then.
Hats off to the Wall Street Journal: Its indefatigably free market-oriented editorial board has just encapsulated in one 292-word missive &hellip
More than 40 years ago, during another bout with a sputtering economy and a declining dollar, I made a remark that drew a fair amount of attention. At the time, I had my own radio talk show in Chicago.
During the last 64 months “buying the dips” has been a fabulously successful proposition. As shown in the sizzling graph of the NASDAQ 100 below, at it recent peak just under 4,000 this index of the high-growth, big cap non-financials stood at an astonishing 3.5X its March 2009 low. Moreover, during that 64 month period, there were but five minor…
Manufacturing became a bit less of a job laggard in July, as its 28,000 jobs gain was the best monthly improvement since November’s 35,000 and year-on-year hiring continued to pick up.
Vladimir Putin had a chance to back down from his aggression in the Ukraine after Russian separatists shot down a Malaysian passenger jet.
Unfortunately, he didn’t.
Early openers embroiled in a flurry of selling: Kiwis -0.8%, Aussies -1.3%, Nikkers -0.2% and Sth Korea -0.1%.
Steep losses for Aussie sectors: Healthcare and REITS -1.8%, IT -1.6%, Energy -1.4%.