Archive for the 'Economy' Category
In today’s highly charged political environment, apparently everything and anything is game for the machinations of partisan political hacks. Even the US dollar has been pulled into this. So much so that it is generally believed and accepted that the US dollar is kaput, done for, worthless. And that the blame resides on the shoulders […]
With the exception of bankers and their lobbyists, the financial crisis has also been hard on everyone. No single group feels more besieged from the outside and beset by fretful soul-searching from within than economists. They are scrambling about to come up with not only explanations of what happened but also to build better models […]
The following article is based on analysis from Robert Prechter’s Elliott Wave Theorist. For more insights from Robert Prechter, download the 75-page eBook Independent Investor eBook. It’s a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to download the eBook, free.
By Nico […]
This morning the Labor Department issued its report on employment conditions for September. The consensus estimate among analysts was -170,000 but the data came in at -263,000. This was worse than last month’s 216,000 job losses and even worse than most pessimistic estimates.
Here’s a long term chart of the nonfarm payroll data going back to […]
Back in April, when this rally was young, we looked at something called the Anxious Index - a sub-index of the The Survey of Professional Forecasters which has had an uncanny ability to not only find the start of recessions but also to foretell their end.
Its most recent data (3rd Quarter of 2009) shows that […]


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