QOTD: Jamie Dimon

Bad policies lead to bad outcomes.  –  Jamie Dimon,  July 30, 2018

(QOTD = Quote of the Day)

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Overhyped Relative Job Creation. Sound Familiar?

Steven Rattner, whom the UAW can thank for leading the auto bailout during the GFC,  presented these graphs today on Morning Joe.

Jul30_SR_2

 

Jul30_SR_1

Does the analysis look a little familiar?

It should.  We first presented it in our, Deconstructing The U.S. Jobs Market in May and, again, in our, Really How Was That Employment Report on June 4th  in much greater detail.

 

Jun3_Payrolls Table

 

Jun3_Payrolls Chart

 

We claim no monopoly on the facts or the truth as they are universal, and we are happy they are getting out there and we got them to you early.   Stay tuned for more good stuff coming your way.

We did send Rattner our analysis in May.

Nevertheless, the above data, however presented, are probably the reason why Trump is getting no political kick from the economy and tax cuts.  We are looking for a massive Lavender Wave in the November midterms.   Certainly not priced.

This One Takes The Cake!

This one pissed us off, however.  We first started presenting this chart in 2012.

They didn’t even have the courtesy change the chart title and gave no attribution.

DB_Plagiarism

We lift all the time but try to give attribution.

Afterall research is nothing more than formalized plagiarism, no.  The raison d’etre of  blogs are to narrow down all the data and research to what is important.

Again, no monopoly on facts or the truth.  Maybe a little on the presentation style, however.

As they say,  you know what is the best form of flattery.

Posted in Employment, Uncategorized | Tagged , , , | 2 Comments

Does social media make us less happy? – Fareed

Fareed’s interview with Yale professor, Laurie Santos, and teacher of Yale’s most popular class ever, the “happiness class”  is a great follow up to our Facebook post from last week.

Yale professor Laurie Santos, who teaches a popular “happiness class,” tells Fareed how social media makes people less social and so can decrease wellbeing.   

Jul29_Does Social Media Make Us Less Happy

(Click here for interview)

 

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How Experts and Analysts Reacted to the GDP Number | CNBC

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Week In Review – July 27

Summary

  • U.S. 10-year yield wider on the week and pushed toward 3 percent. GDP data good but below whispers
  • Turkey 10-year rates out 72 bps as concerns over lack of liquidity, indie monetary policy, and Trump threats
  • Some decent tightening in U.S. corporate credit spreads
  • Italy sovereign spread out 12 bps
  • Japan 10-year JGB yield doubles on spec BoJ policy in for some changes
  • China RMB 2 percent weaker
  • EM currencies continue July bounce
  • Decent week for global stocks, led by Argentina’ continued recovery
  • Nasdaq hammered on Facebook swan dive and FANG sell-off
  • Russell down 2 percent on the week
  • Lumber continues in a bear market
  • Saudi and Qatar only country ETFs with double-digit returns

Commentary:   None.  Prepare for dog days of August,  no liquidity, and typically an ugly month for equity returns.

 

Inflation Cometh (to the Beige Book)

Week_Chart1

Big JGB Yield Move

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US GDP Release 

Week_Chart3

Foreigners Sell Record Italian Bonds

Week_Chart4

August Performance For S&P500

Week_Chart3

 

Week_2018_ETFs

 

 

Week_Table

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Pakistan election: Challenges over economy and legitimacy

FT South Asia correspondent Kiran Stacey looks at the challenges facing the victor of Pakistan’s election, Imran Khan, over his legitimacy following vote-rigging claims and an economic crisis that could lead to an IMF bailout.

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Sector ETF Performance – July 27

ETF_D

ETF_W

ETF_M

ETF_YTD

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Global Risk Monitor – July 27

RiskMon_1

RiskMon_2

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ECB Easy As 123

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Night, night….

 

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