The unemployment rate released this morning was quite a shocker. 10.2% was well above estimates of 9.9% that we had been seeing in the most recent economist surveys.
The last time unemployment was this high dates back to 1982. November 1982 in fact when the rate peaked at 10.8%.
Now the problem...
Some of the more interesting and important items for November 5th :
Owners become renters in bid to avoid foreclosures – Smart
Pension Gap Among States, Cities May Be $1 Trillion, New Jersey Aide Says – What is a trillion dollars between friends. This is like Moores Law of finance.
Fannie...
We are regularly watching the trends in the retail sector. It has been a real treat to watch as these companies are on the front line with the consumer. What we are noticing is the continued shift by the consumer.
There was a mixed bag of results from the retailers and...
First, this morning, David Rosenberg put out an interesting update. He was looking at the recent purchase by India of gold from the IMF. Is it meant as a currency alternative or a way to keep down gold or????
Take a look at the discussion below and the video that follows…
From...
We are carefully entering portfolio positions in this environment. (Note: Portfolio positions vs. trading positions) A company that we like for its specialty product is Cubist Pharmaceuticals (CBST). It has made all of our screens recently, but we were reluctant to add it to portfolios as the very...
