Financial Review

The Best Story Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 10-06-2015 DOW + 13 = 16,790 SPX – 7 = 1979 NAS – 32 = 4748 10 YR YLD – .02 = 2.03% OIL + 2.78 = 49.04 GOLD + 11.70 = 1148.60 SILV + .22 = 15.99   The U.S. trade deficit increased to a five-month high of $48.3 billion. The trade gap was 15.6% higher compared to a revised $41.8 billion deficit in July. U.S. exports dropped 2%;  exports have fallen 6% compared to one year ago, hurt by a rising value of the dollar that’s made American goods and services more expensive overseas. Most other economies are not performing as well as the U.S. and that’s also limiting demand.   A slowdown in emerging markets driven by weak commodity prices forced the International Monetary Fund to cut its outlook for global growth this year to 3.1 percent from a July forecast of 3.3 percent. Next year the world economy is expected to expand 3.6 percent, less than the 3.8 percent projected in July. Brazil and Russia’s economies are contracting, Japan and the euro area are struggling, and long-time growth engine China is decelerating. The IMF advised emerging markets to be ready for the U.S. to tighten monetary policy, urged advanced economies to address “crisis legacies” and suggested nations consider the “compelling” case for public infrastructure investment at a time of very low long-term interest rates. The G-20 meets this …


Friday, June 07, 2013 – The Ministry of Truth is Now Accepting Job Applications

The Ministry of Truth is Now Accepting Job Applications by Sinclair Noe DOW + 207 = 15,248SPX + 20 = 1643NAS + 45 = 3469 10 YR YLD + .08 = 2.16%OIL + 1.17 = 95.93GOLD – 29.10 = 1385.60SILV – .90 = 21.79 It’s the first Friday of the month and so today we start with the jobs report. The economy added 175,000 net new jobs in May. The unemployment rate moved up to 7.6% from 7.5%. I’ll explain how that works in just a moment. The March and April jobs numbers were revised slightly, and the final numbers are 12,000 less than previously reported. The headline number was slightly above expectations of 165,000 jobs added. So, another month of moderate job growth, why did the unemployment rate go up? More people jumped into the labor pool, looking for work. The participation rate increased to 63.4% in May from 63.3% in April. This is a measure of the working age population in the labor force, and historically this number is closer to 66%; some of the decline is due to people who have dropped out of the labor pool, but some of the decline is due to demographics. About 420,000 people got back into the market for a job and 319,000 found a job, but the additional 101,000 who are now in the market for a job and did not find work – that pushed the unemployment rate higher. There are still 7.9 million involuntary part time workers, basically …