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Scooped by Hal onto Gold and What Moves it. |
Scoop.it!
As you know, the old Wall St. saying is that 'so goes January, there goes the rest of the year' or words to that effect.
The last chart shows that assets are having a very nice start. Silver is leading they way with stocks not far behind. Gold is still recovering from its end of year smash, which lasted into the first week in January. I suspect that if things hold together it will do well.
VIX is very low and complacency about the economic picture is the word for the day. ...
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Scoop.it!
Employment is dead in the water because opportunities for organic expansion are few and the cost basis of doing business in the U.S. keeps rising. Let's start by reviewing the basics of employment in the U.S. Courtesy of the St. Louis Federal Reserve, here is the non-institutional civilian population of the U.S. (Note that the Civilian Non-institutional Population With No Disability, 16 years and over (LNU00074593)--roughly speaking, the workforce of the nation-- is 215 million). Here is the percentage of the population with some kind of job: note this could be self-employment that earns $1,000 a year or a job with 4 hours a week; recall that 38 million American workers earn less than $10,000 per year, 50 million earn less that $15,000 a year and 61 million earn less than $20,000 annually. All these numbers are drawn directly from Social Security Administration payroll data. ...
Hal's insight:
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