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joi, 25 octombrie 2012
Just for You from YouTube: Weekly Update - Oct 26, 2012
Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
| Mass Firings Soar at Fastest Pace Since 2010; What's the Impact on Unemployment? Posted: 25 Oct 2012 10:38 AM PDT In precisely the kind of news president Obama does not want heading into the election, Ford (F), Dow Chemical (DOW), DuPont (DD), and Advanced Micro Devices (AMD) all announced mass layoffs this past week as Firings Reach Highest Since 2010. North American companies have announced plans to eliminate 62,600 positions at home and abroad since Sept. 1, the biggest two-month drop since the start of 2010, according to data compiled by Bloomberg. Firings total 158,100 so far this year, more than the 129,000 job cuts in the same period in 2011.Firing Details
What's the Impact on Unemployment? In isolation, one would expect the unemployment rate to rise. However, Obamacare is having some peculiar effects on number of hours part-timer can work, which in turn led to a spur in hiring. For details, please see Obama Slashes Four Hours Off Definition of "Full-Time" Employment. Seven Forces at Play
Once the Obamacare effect plays out (perhaps in a month, perhaps it already has), the net effect of the first five forces is for the unemployment rate to rise. However, we still have the issue of "forced retirement" which I describe as people who want a job and need a job but are of retirement age and decide to collect Social Security just to have some money coming in. Forced retirement causes a drop in participation rate, artificially lowering the unemployment rate. Disability Fraud does the same thing. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. 
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| Fed and ECB Smokescreens to Print Money Posted: 25 Oct 2012 09:11 AM PDT Fresh on the heels of ECB president Mario Draghi's Lies In Defense Bond Purchases, Including a Warning of Deflation comes news of an unexpected rise in Eurozone price inflation. Economists had expected price inflation to drop, instead Eurostat reports Euro area inflation estimated at 2.7% up from 2.6% in August. Looking at the main components of euro area inflation, energy (9.2% compared with 8.9% in August) is expected to have the highest annual rate in September, followed by food, alcohol & tobacco (2.9% compared with 3.0%), services (2.0% compared with 1.8%) and non-energy industrial goods (0.8% compared with 1.1%). Euro Area Inflation  click on chart for sharper image Smokescreens to Print Money As with the Fed, apparently the ECB does not consider the two key things people need (food and energy) as important. Instead the ECB appears be worried about deflation in non-energy industrial goods. Appearances are deceiving. All this talk of inflation and deflation is nothing but a smokescreen for the ECB and the Fed to do what they want to do: print money. Both central banks can and do bend their words at will, to make whatever policy decisions they want. ECB president Mario Draghi even went so far as to proclaim fighting deflation gave it a mandate to break the treaty under which it was formed. Draghi's stance has nothing to do with prices or price stability but rather everything to do with the implosion of the eurozone economy, the implosion of eurozone credit, the sorry state of European banks, the rise of radical movements in Greece and Spain, and of course the very existence of the euro itself. He can't come out and say "the ECB does not care about prices right now", and he certainly cannot spout out the reasons as noted in the above paragraph, so instead he spouts outright lies hoping someone will believe him. Source of Inflation While claiming to be "inflation fighters" the fact of the matter is the true source of inflation is fractional reserve lending and central bank policies. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. 
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Damn Cool Pics
Damn Cool Pics |
- Pool Fails Compilation 2012 [Video]
- Hot Girls of the Electric Daisy Carnival 2012
- Shishi-Maru Cat is the Star of Instagram
- 32 Childhood Crushes Then And Now
- Music in the Cloud [Infographic]
- The Science of Dogs
| Pool Fails Compilation 2012 [Video] Posted: 25 Oct 2012 11:15 AM PDT  The best (most painful) swimming pool fails of the year, all in one video. 
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| Hot Girls of the Electric Daisy Carnival 2012 Posted: 25 Oct 2012 10:15 AM PDT 300,000 fans gathered at the Las Vegas Motor Speedway for Electric Daisy Carnival 2012. The EDC is an international annual electronic dance music festival held in the summertime in the United States and Puerto Rico.                                       
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| Shishi-Maru Cat is the Star of Instagram Posted: 25 Oct 2012 09:50 AM PDT Shishi-Maru is a Scottish fold cat, which means he has a gene mutation that makes his ears bend forward and down. This cute cat has become an internet sensation!                                       
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| 32 Childhood Crushes Then And Now Posted: 25 Oct 2012 09:13 AM PDT There's nothing like your first celebrity crush. You probably developed a love for them before you even formed a love for boys you actually knew and their posters covered every inch of your wall despite your parents protests. So, do you still have the hots for them?                                 Via Buzzfeed 
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| Music in the Cloud [Infographic] Posted: 25 Oct 2012 08:44 AM PDT Much like the Rock n Roll Hall of Game, the cloud music scene is full of rockstars with unique 'personalities.' This infographic takes account of which cloud music service has no ads, offers no ads with payments, has a mobile app, is usable offline, allows you full library access and also includes the number of songs they have in their service, users and just how much it'll cost you to be a member. Via Visual.lyClick on Image to Enlarge.  
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| Posted: 25 Oct 2012 08:33 AM PDT This comic is most likely based on personal experience with dogs, and we can all agree its conclusions are valid. And we love them anyway. Click on Image to Enlarge.  Via thedoghousediaries 
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