Talk about fast markets. Blink and you might have missed WW3, as markets broadly return to where they were just 5 days ago. Good news however, may not be so positive for asset prices as waning emergencies mean fewer excuses by hard-up governments to keep printing their way out of deficits. And that means its […]
Continue reading
Oops, those betting on a weak US jobs report for January have been seriously wrong-footed. Instead of the expected negative figure, the BLS not only reported over +400k of net jobs in January, but a +649k upward revision to the jobs growth reported for the previous two months. Roll-in an average hourly wage inflation approaching […]
Continue reading
Shock horror, according to official data on covid deaths without co-morbidities in England & Wales from the ONS (Office of National Statistics), there is no ‘shock-horror’, as cumulative covid deaths without co-morbidities up to the end of Q3 2021 total a mere 17,371 people, with an average age of around 81.5 years. Exclude all those […]
Continue reading
It may not feel like it, but it’s over. What that means is that having failed to burn down the warehouse for the insurance, the business owners are now left in an even more precarious position of insurmountable liabilities, assuming of course there is no ‘unexpected’ collapse in life expectancy to bail them out from […]
Continue reading
This is getting repetitive! Once again, the BLS has reported a monthly US jobs estimate figure that has been artificially depressed by changing the seasonal adjustments. It is almost as if someone out there either doesn’t want the US to seem to return to normality, or is concerned that signs of a tightening job market […]
Continue reading
Klaus and his ‘Young Global Leaders’ seem to be getting rather over-excited recently, with their increasingly frenzied attacks and scapegoating of those heretics and blasphemers of their cherished plans for the New World Order. But then this is perhaps understandable, as everything is beginning to unravel. The new scariant Omicron is not only proving to […]
Continue reading
Price and mix improvements on a flat to declining employee base may have sustained Auto manufacturing profits in Q3, but at some stage they will need unit sales to recover. Unfortunately, with incessant covid panic and emerging stagflation, this remains mere fantasy, with November unit sales data from the ACEA disclosing a -17.3% decline across […]
Continue reading
Revelations unfortunately are often painful events, particularly when one has been conditioned to accept and trust an authority. For Saul, it took some temporary blindness and a fall off his ass and on to his arse, but for many in the West this clearly is going to have to be a considerably more heart rendering […]
Continue reading