Chart canGOLD   Chart canSILVER  
 
Food for thought
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.
Lenin  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1287.010.21
Silver 19.450.00
Platinum 1419.500.75
Palladium 899.20-2.55
WORLD MARKETS
DOWJONES 1709815
NASDAQ 458023
NIKKEI 15425-35
ASX 56253
CAC 40 438115
DAX 94708
HUI 2463
XAU 1021
CURRENCIES (€)
AUS $ 1.4062
CAN $ 1.4278
US $ 1.3133
GBP (£) 0.7912
Sw Fr 1.2060
YEN 136.6700
CURRENCIES ($)
AUS $ 1.0710
CAN $ 1.0877
Euro 0.7614
GBP (£) 0.6024
Sw Fr 0.9177
YEN 104.0000
RATIOS & INDEXES
Gold / Silver66.17
Gold / Oil13.41
Dowjones / Gold13.29
COMMODITIES
Copper 3.150.01
WTI Oil 95.961.29
Nat. Gas 4.070.04
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
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
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