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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: SouthFloridaGuy who wrote (104427)11/17/2009 4:07:08 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 116555
 
>>Why not report about Temp Jobs posting a positive month in the last payrolls report?<<

yawn.

'tis the season...

everyone expects xmas season to require higher employment.

distorting seasonal factors into a raging recovery is silly.

this move in the market is all about the dollar losing value. as the market goes higher, the dollar has to lose even more value per given point rise in the markets.



To: SouthFloridaGuy who wrote (104427)11/17/2009 4:57:23 PM
From: andiron3 Recommendations  Respond to of 116555
 
outside the box thinking is required here...
1. Does sounding off on stock market by the FED staff imply nervousness on their part..
2. Does soaring gold scare the heebie-jeebies out of FED..

A very likely scenario..

By Q1, unemployment in US is still chugging higher to ~12% (~25% total)..foreclosures are surging..gold surging to 1500 and beyond..oil to 100 and beyond...dollar plunges to multi yr lows...massive bubble forms in emerging market..US labor income is down as companies lay off more to cut costs & continue offshoring/outsourcing...CRE foreclosures mount..tax strapped state govts are forced to lay off thousands...popular backlash start to suffocate the administration..d

Obama is forced to initiate protectionist measures like tax benefits to those companies who keep jobs here...govt is forced to start govt sponsored temp jobs and fund it thru higher taxes...trade wars break out..stock market plunges in wave 3 (elliott)...
QE fails.
Bernanke's theory that a magic wand of QE can cure years of orgy will be seen as a failed one.