Chart yenGOLD   Chart yenSILVER  
 
Food for thought
The heart of a statestman must be in his head
Napoléon Bonaparte  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1303.401.00
Silver 19.630.04
Platinum 1441.005.75
Palladium 798.006.75
WORLD MARKETS
DOWJONES 1626389
NASDAQ 403411
NIKKEI 14418421
ASX 541332
CAC 40 438944
DAX 926894
HUI 224-5
XAU 92-2
CURRENCIES (€)
AUS $ 1.4768
CAN $ 1.5186
US $ 1.3833
GBP (£) 0.8231
Sw Fr 1.2168
YEN 141.4150
CURRENCIES ($)
AUS $ 1.0679
CAN $ 1.0977
Euro 0.7229
GBP (£) 0.5950
Sw Fr 0.8796
YEN 102.2230
RATIOS & INDEXES
Gold / Silver66.40
Gold / Oil12.44
Dowjones / Gold12.48
COMMODITIES
Copper 3.040.05
WTI Oil 104.761.01
Nat. Gas 4.590.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
In the same category
Tell Me Why
Published : May 07th, 2012
225 words - Reading time : less than a minute
( 3 votes, 5/5 ) Print article
 
    Comments    
Tweet
Keywords :   Government | Reality | Recession | Robust |

 

 

 

 

I've published three charts (and numerous commentaries) over the past two months that suggested the U.S. labor market (and the economy more generally) is in worse shape than many on Wall Street, in Washington, and in the media would have us believe.

 

In "Not So Encouraging," I highlighted the fact that

 

a relatively sharp deceleration in the rate of productivity growth -- like we've seen recently -- has, except on two occasions over the past five decades, preceded or been associated with a slowdown in the pace of hiring.

 


In
"Divergent Reality," I posited that

 

there are only two explanations for the incredible divergence we've seen in recent years. Either 1) the payroll data or sentiment readings are highly suspect (as to which is more likely, I would note that only the former is compiled by the U.S. government); or, 2) the quality of the jobs that many people have nowadays is significantly less than it was before the recession "ended."

 


In
"Weak Equals Weak," I noted that

 

five decades of data suggest ("unexpectedly") weak durable goods orders will soon translate into ("unexpectedly") weak employment conditions.

 



And yet, despite these and other warning signs, economists were once again
surprised by data -- namely, this morning's jobs report -- that was anything but robust.

 

Tell me again: why are they considered the "experts"?

 

Michael J. Panzner 

 

 

 

Tweet
Rate :Average note :5 (3 votes)View Top rated
Previous article by
Michael J. Panzner
All articles by
Michael J. Panzner
Next article by
Michael J. Panzner
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
MOST READ
TOP RATED
MOST COMMENTED
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Michael J. Panzner

Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets and the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, published by Kaplan Publishing.
Michael J. Panzner ArchiveWebsiteSubscribe to his services
Most recent articles by Michael J. Panzner
2/18/2013
2/16/2013
2/13/2013
1/7/2013
12/19/2012
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer