Private sector hiring remains punk
The only part that mattered within the May Payroll # was the 41k job add in the private sector vs expectations of 180k but it’s...
YTD Markets Are Negative
In case you were unaware, major indices are negative YTD. The Russell 2000, and the DOW Trannies are the exceptions:...
Add Hungary to PIIGS list
The market needs a new acronym to replace PIIGS to include Hungary as a spokesman for the PM of Hungary said their economy is “in a...
The High Cost of Exceptionally Low Rates
Thomas M. Hoenig President Federal Reserve Bank of Kansas City Bartlesville Federal Reserve Forum Hosted by Bartlesville Chamber of...
NFP Forecast: ~700k
Today is likely to be a very unusual Non Farm Payroll report. The reason why lay in the combination of several unusual factors, combined...
Not Only Our Grandchildren Should Worry
Good Evening: U.S. stocks advanced for a second straight day, which is quite an achievement considering the S&P 500 hasn’t put...
Sports Heaven: Lakers/Celtics; World Cup
I rarely talk sports, but I am about to enter my own version of sports heaven. The Lakers vs. Celtics Finals are sure to be a blast. As a...
Thursday Reads
These few items caught my eye today: • Is William Dudley, NY Fed, President on the way out? (FT) • Buffett’s Hypocrisy (Video) •...