5 November 2010: Interview with Huntsville’s WYAM

Here is the footage of the interview I gave to Huntsville’s Valley Talk WYAM.  (Click on  READ MORE to the right to view the video.)...
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151,000 jobs created in October

The Department of Labor reported this morning that the U.S. economy added 151,000 jobs last month.  Most importantly, the private sector added 159,000 jobs.  Additionally, September’s data were revised significantly.  The initial report for the ninth month of the year showed that 95,000 jobs were lost.  That figure was revised to only 41,000 jobs lost.  Meanwhile, the unemployment rate...
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Hire someone already! We’re very tired

The United States Department of Labor reported three significant economic statistics this morning… 1.  Weekly jobless claims were up 20,000 to 457,000.  The four-week moving average rose 2,000 to 456,000. 2.  Worker productivity rose to 1.9% in the third quarter. 3.  The government’s estimate for October GDP growth was 2.0%. Analysis:  Let’s take these statistics in turn…...
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Retail sales barely up in October

Most of the major retailers that report same-store sales growth have reported their October sales figures.  The aggregate result is that same-store sales were up a very meager 1.6% relative to last year’s October.  Same-store sales compare the sales at a store relative to that exact same store’s figure one year-prior.  Without the same-store sales number any new stores that were...
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Quantitative easing by the Federal Reserve means little

You may have heard that the United States Federal Reserve today announced a “quantitative easing” of $600 billion today.  This move is intended to help break the U.S. economy free of its negative vortex of scared consumers and scared businesses.  Unfortunately, this “easing” is not going to do anything tangible.  Instead, the announcement by the Federal Reserve will...
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The elections will not change much of anything

Most of the mid-term election results in the United States are now in.  What can we expect now that the Republican party has taken control of the House of Representatives?  What can we expect now that Democrats have lost the ability to solely dictate the legislative agenda? My answer: more gridlock. I have been talking for the better portion of the year now about the “game of...
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Anemic consumer spending

Good morning folks! First, I am so glad to see momentum picking up on the blog.  Thank you to all of the new readers for your comments.  I hope that you continue to enjoy this blog and are able to use it to make better, more actionable investment decisions. Second, to today’s post… Yesterday the U.S. Commerce Department reported that consumer spending was up a meager 0.2% for the...
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