"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The official unemployment rate should accurately reflect how many workers that want full time employment do not have it. Of course you believe that it does, but you are once again wrong. As with most official government data one must realize that figures lie when liars figure.
I think you meant_ expoundation_rather than expoundination.
"This means that homeowners with homes worth $250,000 would pay an additional $2,500 per year in property taxes, those with homes worth $500,000 would pay an additional $5,000, and those with homes worth $1 million would pay an additional $10,000."
Maybe Illinois should should just reduce the salaries and the pensions of the state politicians who provided high retirement incomes to state employees. Or, maybe they can sell back the votes they bought with those pension promises.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Glad to see you finally realize that current debt levels are a problem. Now you know.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The official unemployment rate should accurately reflect how many workers that want full time employment do not have it. Of course you believe that it does, but you are once again wrong. As with most official government data one must realize that figures lie when liars figure.
So you post articles from 5 and 6 years ago that time has obviously proven to be incorrect. Congrats!! I give you an A for proving yourself wrong...again.
Now, you ready for your lesson? You have stated on several occasions and even your articles state that you believe U-6 should be the "official" unemployment rate. So what do you really know about how todays U-6 rate compares to history? Well, fortunately there are not a lot of data points to trip you up. The BLS started using U6 in Jan 1994 so there have been 292 monthly computations since. Todays rate is 7.8%. Do you know have many months in the last 24 years have posted lower numbers?--28. Only 28 of the last 292 months has unemployment been lower. Think about that. Just a measly 10% of the last 1/4 century has seen better employment numbers. Dang man, dat be purty good, no?
So whats that really mean...92.8% of folks are gainfully employed. Only 8 out of 100 aint workin. 8!! Im sure you know 100 people, and probably at least 8 of them dont even know how to use a shovel. They are not employable.
If anything, you should be complaining that the economy is too good, not too bad. So go figure.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
One day you might learn enough to write your own book instead of publishing for free to an idiot readership.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
One day you might learn enough to write your own book.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Good thing there are over 6 million unfilled jobs out there.
Lack of skills, desire to not relocate and unemployment benefits tend to do this. The demand for workers should drive up wages, but only if employers are serious about filling openings.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Good thing there are over 6 million unfilled jobs out there.
Lack of skills, desire to not relocate and unemployment benefits tend to do this. The demand for workers should drive up wages, but only if employers are serious about filling jobs.
Sounds like personal problems, not economic. Employers will not pay more for workers' shortcomings. Don't want to move here, can't use a shovel, want 2 months vacation.....ok....we'll build robots instead.
So how did you support your argument of a lousy employment picture?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
As for that stock market rally, it’s a temporary blip. Investors should be reminded that the stock market peaked on Jan. 26, 2018, and is down about 10% since then notwithstanding occasional one-day rallies
Well, truth be told the Russell 2000 is at an all-time high.
I'll fix his comment ..Investors should be reminded that the silver peaked 7 years ago, and is down about 67% since then notwithstanding occasional one-day rallies
"Global central banks have been able to buy a few extra years of time by engaging in unprecedented levels of intervention, but now they are almost out of ammunition and events are beginning to escalate at a very frightening pace. We shall see if they can pull another rabbit out of a hat in 2018, but I wouldn’t count on it…"
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I turned 5 in '69 so my memories are scarce. Penny candies at the neighborhood drug store and 15 cent bottles of pop do ring a bell. And our dog had puppies again but that happened at least twice a year it seemed. She was very popular.
While the unemployment rate declines a record number of Amercicans are unemployed. Go figure.
". . . in May, the number of people not in the labor force increased by another 170K, rising to 95.915 million, a new all time high. Adding to this the 6.1 million currently unemployed Americans, there are 102 million Americans who are either unemployed or out of the labor force (and it is also worth noting that of those employed 26.9 million are part-time workers)."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You baby boomers gotta stop retiring (how dare you leave the labor force!!)...you're making liars figure (see previous post. ) And you know what else? The longer we all live, the more of us that wont be in the labor force. Oh, the humanity!!
Both charts are simply the result of a record number of people.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
“Eventually, what’s going to happen is it’s going to be the demand for those dollars is going to collapse, not the supply. And when the demand for dollars collapses, then the price of the dollar collapses. You get massive inflation. That is what is coming.”
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Ford announcing they are canceling all sedans has me down.
Will be interesting to see what happens when gas prices spike the next time. Whether that’s 3 months or 3 years down the road is beyond my little brain.
Ford announcing they are canceling all sedans has me down.
Will be interesting to see what happens when gas prices spike the next time. Whether that’s 3 months or 3 years down the road is beyond my little brain.
It was a little less than 3 months
A 2018 Ford Escape gets better fuel economy than a 2008 Ford Taurus.
2008 Ford Explorer 14-20 mpg.
2018 Ford Explorer 19-27 mpg.
I don't know about you, but I don't like sitting 6 inches off the ground and seeing a bumper at eye level at a stop light. And it ain't so easy getting up and out of those low cars.
My 5400 pound crew cab pickup gets 27 mpg.....why would I want a car?
Ford announcing they are canceling all sedans has me down.
Will be interesting to see what happens when gas prices spike the next time. Whether that’s 3 months or 3 years down the road is beyond my little brain.
It was a little less than 3 months
A 2018 Ford Escape gets better fuel economy than a 2008 Ford Taurus.
2008 Ford Explorer 14-20 mpg.
2018 Ford Explorer 19-27 mpg.
I don't know about you, but I don't like sitting 6 inches off the ground and seeing a bumper at eye level at a stop light. And it ain't so easy getting up and out of those low cars.
My 5400 pound crew cab pickup gets 27 mpg.....why would I want a car?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"While the U.S. was bullying the world with dollars, the world was quietly preparing a new nondollar system. The U.S. wanted diplomatic and military clout and it got it with the dollar."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"While the U.S. was bullying the world with dollars, the world was quietly preparing a new nondollar system. The U.S. wanted diplomatic and military clout and it got it with the dollar."
Quite impressive for something you've repeatedly said is worthless.
"While the U.S. was bullying the world with dollars, the world was quietly preparing a new nondollar system. The U.S. wanted diplomatic and military clout and it got it with the dollar."
Quite impressive for something you've repeatedly said is worthless.
I have always argued that as a geopolitical weapon it is successful. Now we will see if fail in two areas.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"While the U.S. was bullying the world with dollars, the world was quietly preparing a new nondollar system. The U.S. wanted diplomatic and military clout and it got it with the dollar."
Quite impressive for something you've repeatedly said is worthless.
I have always argued that as a geopolitical weapon it is successful. Now we will see if fail in two areas.
President Trump is making note of the fact that the Fed is raising rates after years and years of ZIRP, that it is a political move, and that it will affect the economy. This will get interesting, I think.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
President Trump is making note of the fact that the Fed is raising rates after years and years of ZIRP, that it is a political move, and that it will affect the economy. This will get interesting, I think.
I have always argued that as a geopolitical weapon it is successful. Now we will see if fail in two areas.
When?
A wee, wee bit each day.
Maybe no one will notice.
Very few have.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
After having wealth wiped out 3 times for most Americans I am surprised others don’t see these truths. Held rates down too long. They are trying to correct let’s all hope it works out.
Comments
tick tock, tick tock
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I think you meant_ expoundation_rather than expoundination.
There's a pension crisis?
Coming soon to a state near you.
FED says Illinois should raise property taxes to tackle the unfunded pensions
"This means that homeowners with homes worth $250,000 would pay an additional $2,500 per year in property taxes, those with homes worth $500,000 would pay an additional $5,000, and those with homes worth $1 million would pay an additional $10,000."
Maybe Illinois should should just reduce the salaries and the pensions of the state politicians who provided high retirement incomes to state employees. Or, maybe they can sell back the votes they bought with those pension promises.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Yup...some states will have to raise taxes and cut benefits. This isn't anything new. Knowns are knowns.
Knowledge is the enemy of fear
Glad to see you finally realize that current debt levels are a problem. Now you know.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I said pension benefits are too high. You still dont know. Did you attend Trump University?
Knowledge is the enemy of fear
Good thing there are over 6 million unfilled jobs out there.
Knowledge is the enemy of fear
So you post articles from 5 and 6 years ago that time has obviously proven to be incorrect. Congrats!! I give you an A for proving yourself wrong...again.
Now, you ready for your lesson? You have stated on several occasions and even your articles state that you believe U-6 should be the "official" unemployment rate. So what do you really know about how todays U-6 rate compares to history? Well, fortunately there are not a lot of data points to trip you up. The BLS started using U6 in Jan 1994 so there have been 292 monthly computations since. Todays rate is 7.8%. Do you know have many months in the last 24 years have posted lower numbers?--28. Only 28 of the last 292 months has unemployment been lower. Think about that. Just a measly 10% of the last 1/4 century has seen better employment numbers. Dang man, dat be purty good, no?
So whats that really mean...92.8% of folks are gainfully employed. Only 8 out of 100 aint workin. 8!! Im sure you know 100 people, and probably at least 8 of them dont even know how to use a shovel. They are not employable.
If anything, you should be complaining that the economy is too good, not too bad. So go figure.
Knowledge is the enemy of fear
Gold Price Manipulation – A Comprehensive Guide By James Rickards
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Remarkably, the book is available through Amazon for less than $11
Remarkable indeed.
Houses in this development are heavily manipulated.. you should buy one. And buy my book too!!! Seriously, who the he'll would do that?
Knowledge is the enemy of fear
One day you might learn enough to write your own book instead of publishing for free to an idiot readership.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Lack of skills, desire to not relocate and unemployment benefits tend to do this. The demand for workers should drive up wages, but only if employers are serious about filling openings.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Sounds like personal problems, not economic. Employers will not pay more for workers' shortcomings. Don't want to move here, can't use a shovel, want 2 months vacation.....ok....we'll build robots instead.
So how did you support your argument of a lousy employment picture?
Knowledge is the enemy of fear
Writing fiction has nothing to do with knowledge as you know so well.
Knowledge and truth are free.
BTW---it's always the evil villains looking to extol a price...Superman's work is pro bono.
or maybe Ironman. Yeah, I'm more like Ironman. Lol
Knowledge is the enemy of fear
I haven't read John Williams lately, but I give him more credibility than BLS.
I knew it would happen.
When liars figure the figures lie
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Thats a GREAT example. Thanks for posting!!!
As for that stock market rally, it’s a temporary blip. Investors should be reminded that the stock market peaked on Jan. 26, 2018, and is down about 10% since then notwithstanding occasional one-day rallies
Well, truth be told the Russell 2000 is at an all-time high.
I'll fix his comment ..Investors should be reminded that the silver peaked 7 years ago, and is down about 67% since then notwithstanding occasional one-day rallies
Why does that guy hate so much?
Knowledge is the enemy of fear
I contend that the stock market is an artifact of the bond market, and that the bond market is the biggest risk in play.
Who knows, maybe they can keep this smoke & mirrors financing gig going for a long, long time.
I was in Best Buy tonight and it's interesting to see how the merchandise offerings keep changing. Every device wants to track you.
I knew it would happen.
https://www.npr.org/sections/ed/2018/04/25/605092520/high-paying-trade-jobs-sit-empty-while-high-school-grads-line-up-for-university?utm_campaign=storyshare&utm_source=facebook.com&utm_medium=social
Knowledge is the enemy of fear
Trump cancels Singapore summit with Kim Jong Un , gold up 16.20
12 Indications That The Next Major Global Economic Crisis Could Be Just Around The Corner
"Global central banks have been able to buy a few extra years of time by engaging in unprecedented levels of intervention, but now they are almost out of ammunition and events are beginning to escalate at a very frightening pace. We shall see if they can pull another rabbit out of a hat in 2018, but I wouldn’t count on it…"
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You guys remember 1969?
https://www.bloomberg.com/news/articles/2018-06-01/u-s-payrolls-rise-223-000-as-jobless-rate-matches-historic-low
Knowledge is the enemy of fear
I turned 5 in '69 so my memories are scarce. Penny candies at the neighborhood drug store and 15 cent bottles of pop do ring a bell. And our dog had puppies again but that happened at least twice a year it seemed. She was very popular.
Record 95.9 Million Americans Are No Longer In The Labor Force
While the unemployment rate declines a record number of Amercicans are unemployed. Go figure.
". . . in May, the number of people not in the labor force increased by another 170K, rising to 95.915 million, a new all time high. Adding to this the 6.1 million currently unemployed Americans, there are 102 million Americans who are either unemployed or out of the labor force (and it is also worth noting that of those employed 26.9 million are part-time workers)."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
A record 161.5 million Americans are in the labor force
https://data.bls.gov/pdq/SurveyOutputServlet
You baby boomers gotta stop retiring (how dare you leave the labor force!!)...you're making liars figure (see previous post.
) And you know what else? The longer we all live, the more of us that wont be in the labor force. Oh, the humanity!!
Knowledge is the enemy of fear
Both charts are simply the result of a record number of people.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Trade War Becomes a Currency War
“Eventually, what’s going to happen is it’s going to be the demand for those dollars is going to collapse, not the supply. And when the demand for dollars collapses, then the price of the dollar collapses. You get massive inflation. That is what is coming.”
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It was a little less than 3 months
A 2018 Ford Escape gets better fuel economy than a 2008 Ford Taurus.
2008 Ford Explorer 14-20 mpg.
2018 Ford Explorer 19-27 mpg.
I don't know about you, but I don't like sitting 6 inches off the ground and seeing a bumper at eye level at a stop light. And it ain't so easy getting up and out of those low cars.
My 5400 pound crew cab pickup gets 27 mpg.....why would I want a car?
Knowledge is the enemy of fear
In the land of SuperSizeMe why would anyone?
My 5400 pound crew cab pickup gets 27 mpg.....why would I want a car?
Because...............cars go zooooom…...
I knew it would happen.
Global Debt now at $247 trillion. 318% of Global GDP.
global-debt-increased-8-trillion-q1-year-rising-record-247-trillion
What? Me worry?
I knew it would happen.
Trade Wars, Gold and a Once-in-a-Lifetime Opportunity
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
That's a good chart to take under consideration.
I knew it would happen.
The U.S. Dollar: A Victim of Its Own Success
"While the U.S. was bullying the world with dollars, the world was quietly preparing a new nondollar system. The U.S. wanted diplomatic and military clout and it got it with the dollar."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Are the good old days here again?
https://www.bloomberg.com/news/articles/2018-07-19/u-s-jobless-claims-dropped-last-week-to-lowest-level-since-1969
Knowledge is the enemy of fear
Quite impressive for something you've repeatedly said is worthless.
Knowledge is the enemy of fear
I have always argued that as a geopolitical weapon it is successful. Now we will see if fail in two areas.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
When?
Knowledge is the enemy of fear
President Trump is making note of the fact that the Fed is raising rates after years and years of ZIRP, that it is a political move, and that it will affect the economy. This will get interesting, I think.
I knew it would happen.
Is he looking for a scapegoat?
Knowledge is the enemy of fear
A wee, wee bit each day.
Maybe no one will notice.
Very few have.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
After having wealth wiped out 3 times for most Americans I am surprised others don’t see these truths. Held rates down too long. They are trying to correct let’s all hope it works out.
Best place to buy !
Bronze Associate member
@cohodk said: Is he looking for a scapegoat?
If he is correct, is it a scapegoat or an accurate assessment?
I knew it would happen.
Scapegoat. 3% interest rates won't kill the economy.
Knowledge is the enemy of fear
Folks have certainly noticed.....I read tales of woe on this forum everyday.
Knowledge is the enemy of fear
3x? Gold and silver have only lost most of its value 2x in the last 40 years.
Knowledge is the enemy of fear
@cohodk said: Scapegoat. 3% interest rates won't kill the economy.
Then why have rates been at 0% for the past 10 years? I see rising rates at this time to be a political ploy. Pure & Simple.
I knew it would happen.