The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label christmas. Show all posts
Showing posts with label christmas. Show all posts

Friday, November 27, 2015

Higher inventories, earlier discounts, and consumers saving rather than spending makes for a bad holiday season

For retailers, the period between Black Friday and the end of the year can sometimes constitute 70% of their yearly revenues.  And at a time when the economy desperately needs a boost, this year is turning out to be not so kind to stores that are already discounting items 10 days before Black Friday is set to begin.
This week, a number of economic data points are forecasting not just a bad holiday shopping season, but a horrendous one.  And with the El Nino keeping Autumn weather rather warm in most parts of the country, the talking heads on Wall Street and at the Fed cannot use the weather as an excuse this time around.
But there is no need for excuses as the primary data is showing three important factors for low turnouts at the stores.

Read more on this article here...

Wednesday, November 25, 2015

Higher inventories, earlier discounts, and consumers saving rather than spending makes for a bad holiday season

For retailers, the period between Black Friday and the end of the year can sometimes constitute 70% of their yearly revenues.  And at a time when the economy desperately needs a boost, this year is turning out to be not so kind to stores that are already discounting items 10 days before Black Friday is set to begin.
This week, a number of economic data points are forecasting not just a bad holiday shopping season, but a horrendous one.  And with the El Nino keeping Autumn weather rather warm in most parts of the country, the talking heads on Wall Street and at the Fed cannot use the weather as an excuse this time around.
But there is no need for excuses as the primary data is showing three important factors for low turnouts at the stores.

Read more on this article here...

Thursday, November 15, 2012

New job loss report: To those who believed the White House, here's your sign

For the limited few out there who actually believed the September BLS report that showed the unemployment rate falling from 8.1% to 7.8%, all we at the Daily Economist have to say is, Here's your sign.

Primarily, the drop in unemployment just weeks before the election was so obvious, and so blatent, and so large, that every analyst with a modicum of respect knew that after Nov. 6, the revisions of those numbers would either pop the rate back over 8%, or quite discouragingly, move the numbers even higher than what it was.


Picture courtesy of Fox and Friends

The latest initial claims data posted a multi-year high 104,548 surge in weekly NSA claims from 361,800 to 466,348, and even the Seasonally adjusted number soaring from 361K to 439K on expectations of a 375K print. In other words, a complete disaster for any economic data bulls. What is truly amusing is that the same Wall Street "experts" who set expectations were unable to foresee the Sandy effect that every "macrotourist" on Twitter apparently is so very aware of. Also, it is apparently also "Sandy's fault" (now that the Bush excuse is back in retirement) that the prior week's claims were revised from 355K to 361K. Basically, just as we said 3 weeks ago, ignore every negative data point: - Zerohedge


Interestingly, these numbers come just before the onset of Black Friday, and the seasonal increase of temporary jobs leading into, and through Christmas.  What indications then should we expect from here, as to the retail sales for the 2012 holiday by businesses?

Not much.

Thursday, December 22, 2011

12 economic things about Christmas and 2011

Many people always wonder, how does Santa build all those great toys and gifts and get them to every home around the world in just one night?  Well, the truth is, Santa requires alot of help from the global economy, and in 2011, those foundations were causing much grief to the jolly ole elf.

So to celebrate the business model and economic processes of the North Pole corporation, Tick by Tick was kind enough to provide the 12 economic facts of Christmas here in 2011.

  1. In the last 12 months, the Federal Reserve has increased Money Supplied to the Economy (M2) by 9.9%.
  2. Despite the Insolvency of Europe. If you had shorted EURUSD at this very day last year, you would have only made a 0.7% profit.
  3. The Greek Stock Index (ASE) has outperformed Citigroup by 10.36% if held for the last 5 years. If you discount the reverse stock split, Citigroup is now trading at $2.60 vs. $55.70 in 2007.
  4. Consumer Goods producer Procter & Gamble can now borrow money over a 5 year period for less than every Eurozone member with the exceptions of Germany and Finland.
  5. Linkedin, Pandora and Groupon are all loss leading companies. Yet, if you had bought their stock at IPO, you would have made +171%, 8.9% and 50% in the first days trading.
  6. China's stock market is now trading at the same level as it was during Q3 of 2000. During this period, Chinese GDP has almost tripled.
  7. The sum of all US debt both Public and Private equates to $56tn with underfunded future liabilities of $1 037 000 per capita. The official US public debt figure reached 100% of GDP just yesterday.
  8. "Legendary" Hedge Fund Manager John Paulson, about whom a variety of books have been written, has lost over 50% of his funds value in this past year.
  9. In a Bloomberg poll held during December 2011, eleven Sell Side Analysts predicted, on average, that the S&P 500 would grow by 11% to 1379. Of these, the most bullish was Goldman Sachs who openly predicted a 17% rally. The index of the 500 largest American companies is currently down 1.49% YTD.
  10. Being long S&P Volatility has been a successful strategy for 4 of the last 5 years.
  11. In the last month, Bloomberg have published 25 179 articles with the words Europe and Concern included in the prose.
....And Finally
12. Santa has to visit 832 Homes per Second to deliver all of his gifts.

Merry Christmas to all, and to all a good.... wait a moment... where did I put that Mayan Calendar.

Sunday, December 18, 2011

Commodities exchange blames MF Global for lack of charitable giving this year

The Chicago Mercantile Exchange (CME) Group has decided that because of the MF Global theft of customer accounts in the commodities realm, they will have to skip their normal donations to charity this Christmas to instead focus on paying back clients who had their money and accounts stolen, and subsequent contracts defaulted.

CME Group Inc, which has given $22 million to Chicago-area schools and charities over the past five years, has stopped making grants through its main foundation, citing the collapse of MF Global Holdings Inc.
Investigators are still searching for hundreds of millions of dollars of customer funds that CME says were improperly siphoned off Pin the brokerage's final days to plug its escalating liquidity needs. - Hartford Courant

Lets just hope the CME doesnt think those who lost tons of money to the greed of Wall Street are to be seen as charity, and that repayment is voluntary, or simply a good tax write-off.

Thursday, December 8, 2011

The Gingrinch: Newt Gingrich Christmas Song

JJ Jones productions has created a very good Christmas song for politician and presidential candidate Newt 'The Gingrinch' Gingrinch.


Perfect way to get into the spirit of a Washington insider Christmas.  (No campaign donations required)

Friday, November 4, 2011

Today's job reports are meaingless as the US needs to create more than 250,000 per month to break even

Today's job report of 90000 new jobs created, and the drop in the unemployment rate from 9.1% to 9.0 were simply fake window dressing that even the markets did not accept as good news (Dow opened up -70 points).  In fact, the birth/death adjustment ended up being more than the actual net jobs created, which tells you the Labor Department had to scramble to even make the report positive.

However, the underlying issue still remains the 9% unemployed, the 16% TRULY unemployed, and the dire fact that the US would need to create 262,500 jobs per month through 2016 just to get back even with December of 2007.

"Every few months we rerun an analysis of how many jobs the US economy has to generate to return to the unemployment rate as of December 2007 when the Great Financial Crisis started, by the end of Obama's potential second term in November 2016. This calculation takes into account the historical change in Payroll and includes the 90,000/month natural growth to the labor force, and extrapolates into the future. And every time we rerun this calculation, the number of jobs that has to be created to get back to baseline increases: First it was 245,500 in April, then 250,000 in June, then 254,000 in July [then 261,200 in October]. As of today, following the just announced "beat" of meager NFP expectations, this number has has just risen to an all time high 261,200 262,500. This means that unless that number of jobs is created each month for the next 5 years, America will have a higher unemployment rate in October 2016 than it did in December 2007. - Zerohedge



And there appears to be no question today on the floor of the exchanges of how meaningless today's job report is.  But to the American people, it is a another month of hopium and delerium that will make for a very disappointing Christmas season.

Thursday, October 13, 2011

Wall Street Layoff Lists

It only two and a half months until Christmas, and many Americans are getting their Christmas lists to Santa ready to send to the North Pole.

Some agencies however, are writing up a different list, and it is worse than getting coal in ones stocking.

The Department of Labor in NY State keeps a record of intended layoffs by companies within the Empire state.  Recently a very important title was added to that list, and in includes a major bank on Wall Street.

Date of Notice:    9/29/2011                                                                           
Control Number: 2011-0098
Rapid Response Specialist :  Linda Foehr
Reason Stated for Filing:   Plant Layoff
Company:         
Bank of America
2 & 4 World Financial Center, New York, NY  10080
County: New York | WIB Name: NEW YORK CITY| Region: New York City
Contact:    John Collingwood, Senior Vice President                                                   
Phone:  (202) 661-7130
Business Type:     Financial
Number Affected:  33
Total Employees:                  -----    
Layoff Date:  First separation will occur on 11/30//2011        
Closing Date:        -----      
Reason for Dislocation:     Economic
ERNUM:  -----
Union:  No bumping rights exist.  Associates are not represented by a union.      
Classification:      Plant Layoff
Other Bank of America locations affected:
2011-0099: 1 Bryant Park, New York, NY - 250 affected, First separation to occur on 12/14/2011
2011-0100: 222 Broadway, New York, NY - 41 affected, First separation to occur on 12/14/2011 - Bloomberg via Zerohedge
So ho ho ho, or perhaps, Happy Halloween to the banksters who deserve no less but to join the growing millions out of work in other parts of the country.

Monday, September 26, 2011

Congress does what Congress does best... passes two month budget to nowhere

Congress, afraid of having to stay late before their extended vacation next week, was able to pass a new.... wait for it....

Stopgap budget!  A two-month budget to nowhere.

Why Americans even bother to elect Congressmen anymore when they seem to have the literacy rates of Detroit is beyond this observer.

Ahh well... come November 18th, Congress will once again huff and puff, and do a humpty-dumpty, claiming themselves celebrities for passing another small extension before zooming off for a Christmas only the rich can enjoy.