17 June 2013

Pictures In an Exhibition: Who Profits?


Why keep the median wage low, despite rising profits and productivity?

Whom does an increasingly debt-based economy serve?

Who profits from the status quo?

Pictures in an exhibition of elephantine greed.







US Civilian Employment To Population Ratio Since 1970


What recovery was that again?

The lower employment to population ratios of the early post war decade were more manageable because it was prior to the long wage stagnation despite rising productivity. 

It was also an era when single worker households were able to maintain a livable income.




Gold Daily and Silver Weekly Charts - Guess Who's Coming To Dinner?


Paper versus physical.

Intraday commentary on the widening gold premiums in Vietnam here. It will be more impressive when we see the same type of explosive demand in a few other countries. Until then it is what it is.

But on the whole, it's not nice to fool Mother Nature.

Here is an analysis of tomorrow's two day FOMC Meeting from Tim Duy that is fairly comprehensive. 

As for what is going on in the markets, there will be an inevitable reckoning. Guess who's coming to dinner?





SP 500 and NDX Futures Daily Charts - Long Con


Two day FOMC meeting this week.

Let's see if we get a 'rally Tuesday' tomorrow.

The general trend is to be long on baloney if you are in the political/financial professions.