PIMCO’s Bill Gross brought a smile face mug on Bloomberg TV’s “Market Makers” today to illustrate to Erik Schatzker and Sara Eisen how happy he is. Gross said the end of the 30 year US bond rally is unlikely to be like 1994 and he sees 12-months of treasury, corporate and high yields that don’t move much.
Gross also said: “We see bubbles everywhere, and that is not to be dramatic [...]
The USA in the last 12 months has seen the fewest number of tornadoes since at least 1954, and the death tolls from the dangerous storms have dropped dramatically since 2011.
Just two years after a ferocious series of tornado outbreaks killed hundreds of Americans, the USA so far this year is enjoying one of the calmest years on record for twisters. Through Thursday, tornadoes have killed only three Americans in [...]
Average weekly work hours in the retail sector have fallen in the past 12 months.
But this is even as employment in the retail sector posted strong gains in the second half of last year, according to Paul Ashworth at Capital Economics.
Typically, the two move in tandem.
Ashworth writes that this can be attributed to a specific part of the Affordable Care Act (Obamacare). From the start of 2014, employers with more than 50 employees will [...]
HUGE MISS: CHICAGO PMI SINKS TO 49.0 (Est. 52.5)
The April Chicago PMI report is out.
The headline index fell to 49.0, defying economists’ expectations for a tick up to 52.5 from March’s 52.4 reading.
Any number below 50 on the index indicates contraction, so today’s data suggests that manufacturing activity in the Midwest unexpectedly contracted in April.
The production sub-component fell to 49.9 from last month’s 51.8 reading. The employment sub-component fell to 48.7 from [...]
German airline Lufthansa has cancelled the majority of its flights scheduled for Monday due to a strike.
The airline said about only about 30 of its flights would run as planned on Monday, out of more than 1,700 originally scheduled.
Ground staff have called a one-day strike in a pay dispute.
Last week Lufthansa rejected union demands for a 5.2% wage increase over the next 12 months.
Strikers are also looking for guarantees over job cuts.
As the Franco-German divide grows wider (as we have noted here and here), it would appear the glaring differences being played out in public over monetary, fiscal, and sovereignty policies are spilling over into daily life in Germany. For the 11th month in a row German new car registrations of Peugeot (the large French car manufacturer) have plunged year-over-year. Now down over 40% in the last 12 months, registrations of the French car by [...]
ALL THE AMMO Is Gone!
Walmart just informed all their stores in a memo to stop ordering ammo because there was no way they could fulfill any more orders.
Bass Pro is Back-ordered at least 4 months on .22lr and 12 months on 9mm. Police Departments are looking at legislation to seize existing stocks because they have nothing left for themselves… SHIT IS GETTING REAL!!
I can confirm the BassPro backorders. Just called [...]
As stocks have risen in recent years, the big hedge funds and the “too big to fail” banks have used borrowed money to make absolutely enormous profits. But when you use debt to potentially multiply your profits, you also create the possibility that your losses will be multiplied if the markets turn against you. When the next stock market crash happens, and the gigantic pyramid of risk, debt and leverage [...]
The best rant from 12 months of Occupy protests.
It has now been 12 months since gun owners in Australia were forced by new law to surrender 640,381 personal firearms to be destroyed by their own Government, a program costing Australia taxpayers more than $500 million dollars.
The first year results are now in:
List of 7 items:
Australia-wide, homicides are up 3.2 percent
Australia-wide, assaults are up 8.6 percent
Australia-wide, armed robberies are up 44 percent (yes, 44 percent)!
In the state of Victoria [...]
Today there was a short segment on Flemish public radio about a Flemish woman who has been living in Greece for about 15+ years. She is divorced and has 3 children and recently lost her job. With goverment child support and unemployment benefits she will now receive around 500 euro per month for 12 months after which she will no longer receive any unemployment benefits. Right now she has 200+ [...]
from Russia Today:
As 2012 comes to an end, RT takes a look at the events that have been dominating the headlines for the past 12 months. Today we bring you the story of the massive protests that have been shaking Europe all year, from the point of view of our news team.
Today acclaimed money manager Stephen Leeb stunned King World News when he said he was recently speaking with a Chinese diplomat and the diplomat accidently admitted to him that China was accumulating gold specifically to back the yuan. This was a shocking admission and the diplomat then attempted to backtrack but it was too late.
But first, here is what Leeb had to say about what is happening in the [...]
From Global Economic Trend Analysis:
A Gallup random dial poll of 607 small businesses conducted November 12-16 2012 asked the question “Over the next 12 months, do you expect the overall number of job positions at your company to increase a lot, increase a little, stay the same, decrease a little, or decrease a lot?”
The net survey results show Small-Business Owners’ Hiring Intentions Plunge.
U.S. small-business owners expect to add fewer net [...]
Gold’s Big Fuss Over Nothing
by Adrian Ash
Friday, 30 November 2012
How the gold price has gone nowhere – fast and aggressively – ahead of 2013…
WHAT A FUSS over nothing! Gold crept back Friday morning to right where it stood before last Friday’s sudden 1.4% jump, trading at $1730 the ounce.
That meant it also unwound half of this week’s sharp 2.0% plunge from Wednesday. It also puts the gold price in US [...]
One in ten families are skipping meals or relying on charity and hand-outs
Mothers are putting their health at risk by eating only every other day
Food banks now forced to ration the donations they give to hungry families
Hunger is becoming a reality for one in ten families who are skipping meals or relying on charity and hand-outs, a study said yesterday.
In some cases, mothers are putting their health at risk by [...]
If you still have a good job, you might want to hold on to it very tightly because there are a whole bunch of signs that unemployment in the United States is about to start getting worse again. Over the past several weeks, a substantial number of large corporations have announced disappointing earnings for the third quarter. Many of those large corporations are also loaded up with huge amounts [...]
ASHINGTON (CNNMoney) — Federal workers have weathered a two-year pay freeze, increased health insurance premiums, and threats of more cuts from Republicans.
Now their jobs are in jeopardy. Some 277,000 workers — 14% of the federal work force — could lose their jobs in the next 12 months if the U.S. cannot avert the so-called fiscal cliff, according to a study by the Center for Regional Analysis at George Mason University.
(CNSNews.com) – According to theU.S. Treasury, the debt of the U.S. government climbed by a total of $1,275,901,078,828.74 in fiscal 2012, which ended yesterday.
That means the federal government borrowed approximately an additional $10,855 for each household in the United States just over the past twelve months.
The total debt of the United States now equals approximately $136,690 per household.
In fiscal 2011, the debt increased by about $10,454 per household–$401 less than the $10,855 per household [...]
From The Burning Platform:
RadioShack has burned through $150 million of cash in the last three quarters. They have $355 million of debt due in the next 12 months. They had $500 million of cash left at the end of the last quarter.
Their CEO quit today, four days before the end of this quarter. He was on the job for one year. I’m sure that bodes well for the next earnings [...]
From Short Side of Long:
It has now been about a year since I did a major sentiment post on the equity market. Back in late September and early October of 2011, I was insisting that if I had to choose between equities, bonds or cash – I would have chosen to buy equities.
While there was the possibility of a recession, personally I remained in the camp that we would not [...]
The Federal Reserve’s latest plan to buy as much U.S. debt as needed, coupled with the European Central Bank’s announcement it may buy sovereign debt – with no limit – triggered a big rally in stocks and commodities but failed to address the two biggest problems investors see: the European debt crisis and the U.S. fiscal cliff, according to Credit Suisse analysts.
The ECB buying may help cap the debt yields, [...]
While hardly a factor in the Fed’s thinking which is due to present its announcement in 4 hours, today’s Initial claims report came at 382K, the biggest miss to expectations (370K) in 2 months, and up from last week’s naturally upward revised claims of 367K. The 15K jump is the biggest weekly spike in 2 months and 4th largest this year. Just as relevantly, as we warned months ago, those on extended [...]
New numbers that have just been released show that things are getting worse for American families. According to the U.S. Census Bureau, median household income declined to $50,054 in 2011. That is a 1.5 percent decline from the previous year, and median household income has now fallen for 4 years in a row. In fact, after adjusting for inflation median household income has not been this low since 1995. These new [...]
September 9, 2012
[...]As the number of people taking out government-backed student loans has exploded, so has the number who have fallen at least 12 months behind in making payments — about 5.9 million people nationwide, up about a third in the last five years.
In all, nearly one in every six borrowers with a loan balance is in default. The amount of defaulted loans — $76 billion — is [...]
STOCKHOLM: The eurozone crisis will get worse before it gets better and Greece could exit the single currency bloc within a year, Swedish Finance MinisterAnders Borg said in an interview on Saturday.
“I don’t think we’ve seen the worst yet in countries like Spain and Greece. They have such serious problems that Europe is going to be in a very difficult position during the next six to 12 months,” Borg told public broadcaster Swedish Radio.
The Swedish finance [...]
From King World News:
Today, Rick Rule spoke with King World News about spectacular home runs some investors have been hitting in the gold, silver, and crude oil markets. Rule, who is now part of Sprott Asset Management, also predicted, “… gold and silver prices will trade higher in the six to 12 month time frame.”
But first, here is what Rule had to say regarding QE and the inflation/deflation debate: “A [...]
Facebook CEO Mark Zuckerberg has no intention of selling any of his Facebook shares when a lockup expires in late October, according to a filing with the Securities and Exchange Commission.
According to the filing, Zuckerberg said he had no intention of selling any Facebook [FB 17.729 -0.329 (-1.82%) ] shares for at least 12 months.
Zuckerberg holds about 444 million shares of common stock as well as 60 million shares of common stock issuable upon the exercise [...]
Australia declared the end of the resources boom which had cushioned the country against the global financial crisis, a day after the world’s biggest miner BHP Billiton (BHP.AX) shelved two major expansion plans worth at least $40 billion.
BHP isn’t the only resource firm finding Australia an expensive place to do business, as Royal Dutch Shell says the cost of building energy projects in Australia is becoming “very worrisome.” Shell [...]
Confidence in the state of the global economy over the next 12 months fell to lowest level in five quarters
Fear of a major economic disruption climbed to 68% from 46% in the previous quarter
Fifth quarterlyGlobal Confidence Indexpolled 430 experts from business, government, international organizations and academia who are Members of the Forum’s Network of Global Agenda Councils
Access the full analysis and results online at http://www.weforum.org/ConfidenceIndex
Geneva, Switzerland, 22 August 2012 – Confidence in the [...]