Tell Me Why

IMG Auteur
Published : May 07th, 2012
225 words - Reading time : less than a minute
( 3 votes, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Reality Recession
Category : Crisis Watch

 

 

 

 

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 


 


<< Previous article
Rate : Average note :5 (3 votes)
>> Next article
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.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Why You Must Own Silver in 2018
23 JanDoom-1
I don't know about your prediction, but, yeah, until the "we can short it infinitely often" issue is addressed, silver can only be whatever price t...
Why You Must Own Silver in 2018
23 JanThautikus0
Silver over $20.00 US, pipe dream much. Never happen. Silver will be capped with untold millions of ounces of naked shorts. The Bullion Banks and C...
Predicting The Next Crisis, Programming Behavior: “The Ability To T...
18 JanS W.
Excellent article with a small touch of healthy paranoia. Good idea, 'leave the phone at home sometimes' Go smell the roses !
Racism-O-Rama
18 JanS W.
Fancy specialising in race and gender studies ! And then do exactly what? I suspect, write papers ad infinitum that hardly anyone would read.
Who Moved My Xanax?
17 JanThemis0
I actually agree with a lot of what Trump says while deploring the tone and his lack of judgment in making such remarks publically while in office.
Socialist Dystopia: Starving Venezuelans Loot As Runaway Inflation ...
17 JanThemis
There is a 19th century English word that is particularly appropriate in this instance - "kakistocracy", i.e. government by the worst or least qual...
Who Moved My Xanax?
15 JanMr. Gnawbone1
It is an exploitation of the ignorant and uninformed population, but that is what happens when they pay attention to meaningless information and ...
Racism-O-Rama
15 JanMr. Gnawbone1
It sounds racist, so it has to be. Overton Bubble at work, the faculty were programed to respond as if to a Pavlovian Bell. There is no way to ch...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.