Below 666? SocGen Says YES!

May 31, 2012

This was just so way outside the norm that I had to republish. It seems to be implausible from where we are now, but I admit – not impossible.

Before you get all up in arms – this is not our opinion – though it is Read more

Economic Conditions: The NFP Employment Number Preview

May 31, 2012

Analysts are expecting job growth of close to 150,000 for the NFP payrolls report, due tomorrow. With all of the recent economic releases in a general decline, that level of growth may be difficult to achieve.

The overall jobs picture is made up of several components and the weakest these days seems to be within the government sector. As cities continue to grapple with budget constraints, there is a need to tighten their Read more

Commodities – Not Having a Good Day

May 30, 2012

With the USD spiking as the Euro is trashed, commodities are not too happy. Crude is trading below $88 and natural gas continues to be weak.

Yet gold and silver are managing to stay positive as the “fear” trade has finally kicked in for these metals.

Some of the benefits of the sell-off may be seen as economic tailwinds as the lower cost for food and fuel could find its way into consumers pockets – ready to spend. Even so, the psychological pounding that consumers take when markets drop offset most of this.

 

Pending Home Sales PLUNGE

May 30, 2012

First of all, we do not think that pending home sales are a great read on anything. The fact is that it is simply one step of the home-buying/building process.

However, that does not stop the media from putting out some very Read more

BIG IDEA – Cash for Chopsticks!

May 29, 2012

Over the weekend (the favorite time for the Chinese Government to surprise markets) another round of cash-for-clunkers program was announce in China.

Depending on how you count, this is the second or third round of the program over the past few years. Since auto sales are slowing, the government believes that this is a well thought out idea, even if they have none of the details worked out.

From the China Read more

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