Job situation improves

There are two major sources of jobs data in the United States: the Bureau of Labor Statistics and Automatic Data Processing.  ADP is the country’s largest payroll processing firm so clearly it has its finger on the pulse of the U.S. jobs situation.  There are two things to pay attention to in both sets of data, the absolute level of jobs and the trend.  Because the data are often revised...
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1 December 2010: Interview with Lubbock’s Fox KJTV

Here is the footage of the interview I gave to Lubbock’s Fox KJTV. (Click on READ MORE to the right to view the video.)
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Solely Analytical Methods Are Doomed To Failure

The Wall Street Journal has an article this morning entitled, “Economists’ Grail: A Post-Crash Model.”   The article demonstrates aptly exactly why I wrote my book, The Intuitive Investor: A Radical Guide for Manifesting Wealth. You see it all comes down to this: There is no such thing as a future fact.  Facts by definition are things that have already happened…in the...
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To my North American readers: Happy Thanksgiving!

For those readers of my blog in North America: Happy Thanksgiving to you and your families, wherever you may be out there in cyberspace.  I am thankful for your interest in my blog and other activities.  Genuinely, from my heart, thank you!
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24 November 2010; Interview on public radio’s “The Journey Home”

On Friday, December 10, 2010 at 5:05pm Mountain Standard Time (7:05pm EST) I will be interviewed on KSFR’s radio program, “The Journey Home” by its host, Diego Mulligan. Wherever you may be, please tune in via the Internet at this link: http://www.publicbroadcasting.net/ksfr/ppr/index.shtml. I look forward to your support and feedback.
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Consumers still spending less than they earn!

Since the early days of the blog, and the Great Recession, I have been saying that I hoped the U.S. consumer would be weaned from his/her spend thrift ways.  For way too long consumers spent more than they earned.  But the data for most of 2010 have consistently shown a consumer doing the reverse.  That is, folks are actually saving money, on balance. The U.S. Department of Commerce reported...
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An important jobless claims milestone

This morning initial jobless claims data were released by the U.S. Department of Labor.  The figures were: initial claims fell by 34,000 to 407,000 – this is the lowest level recorded since July 2008.  The four-week moving average for the figure was down 7,500 to 443,500. Analysis: Clearly an important milestone has been reached in the jobless claims data.  Despite the fact that jobless...
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