The Labor Department reported that the unemployment rate in the U.S. hit its highest level since March of 1983, rising from 9.8 percent in September to 10.2 percent in October, as nonfarm payrolls saw a net decline of 190,000.During the early 1980s recessions, the jobless rate peaked at 10.8 percent, a level that looks increasingly likely to be attained again sometime in the months ahead given the continuing reluctance of employers to hire.The U-6 under-employment rate, which includes discouraged workers and those settling for part-time work... Continue Reading
Prieur’s readings (November 6, 2009) This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.
• Mohamed El-Erian and Ramin Toloui (Financial Times): How to fill the...
Trent Hamm Personal Finance
Ten Spectacular Tips for Getting Started in the Kitchen I love cooking at home.
I used to hate cooking at home, though. I was awful at it. I burnt things. I messed up scrambled eggs beyond all recognition.
But over time, I got better at it. I...
Lloyd Sakazaki Investor Education
Perpetual Income Generation A student who earned a few thousand dollars over the summer working remarked to me yesterday, "I don't know how I'm going to spend the money if I don't use it to travel over the holidays."At first,...
Corey Rosenbloom Currency
Color Daily EURUSD Forex Chart Shows Lengthy Divergences Instead of looking at the Euro Index, let’s take a look at the Euro - US Dollar FOREX Pair - EURUSD - and see the current ‘color chart’ along with two sets of momentum divergences and an...
Jeff Miller Stocks
Finding Stock Ideas When there has been a nice market rebound, we should expect to hear the familiar refrain: It is a stock picker's market.This wise-sounding expression means that it is no longer good enough to "buy...
Corey Rosenbloom Trading
Similarities in Nov 4 and Sept 23 Fed Day Trading There were eerie similarities in today’s Fed Day action and that of September 23 in form and structure. Let’s compare these two days and focus mainly on price action and reaction.
September 23...
Tim Iacono Energy
Saudi Arabia and the price of crude oil Here's an interesting report from over the weekend out of Saudi Arabia via The Telegraph. It appears that the Kingdom is unhappy with using West Texas Intermediate crude oil as traded on the New York...
Joe Marchelewski Alternative Investments
Warren Buffet to Investors – Buy Private Jets Warren Buffet, one of the world’s foremost investors, had a special message to investors in London – forget stocks, but private jets.
Buffet, who rarely visits London, was not too positive...
United States
The new face of U.S. mortgage lending Today's must read housing market news comes via this story in the Washington Post where the near total control of the U.S. mortgage market by the U.S. government is detailed.Mortgage Market Bound by Major U.S. RoleClasses of Borrowers Cannot Find Loans as Publicly Backed Debt MountsBy Zachary A. Goldfarb and Dina ElBoghdadyIn the go-go years of the U.S. housing boom, virtually anybody could get a few hundred thousand dollars to buy a home, and private lenders flooded the market, aggressively pursuing borrowers no matter their means or... Continue Reading
International
Too Much of a Good Thing in Australia? (click on pictures for better viewing)
It is indeed an old adage that while goods things are to be preferred over bad things it is possible to get too much of the former. Looking at recent comments from the governor of the Reserve Bank of Australia it is not difficult to imagine how these, albeit old and worn, pearls of wisdom may well have inspired Mr. Stevens in his effort to tiptoe the thigthrope between signalling the intention to raise rates into an expected economic recovery on the one side and trying to prevent the Aussie shoot of on... Continue Reading
Here is a most important long term sign post, the long bond and its EMA 100.Against the backdrop of the long bond's uninterrupted rise from the 1980's, Alan...
Apparently I missed the "going out of business" sale on stocks announced this morning. So we sell off late yesterday (bearish), and today - everyone...
Next week we'll have an update on our performance metrics (as we do every 4 weeks) and I'll do a full update on pledges for launch, but I thought I'd take a...
As we await the the gods on Mount Federal Reservus to let the humans know their fate, we have an excellent presentation by Whitney Tilson of T2 Partners -...
Since everybody has already been talking about the future elections of 2008, some people consulted a different kind of poll: the 2008 election futures markets at Intrade, the Dublin-based online futures exchange.
HOT COUNTRIES TO INVEST
Turkey Turkey is an island of stability in the Muslim world. The country currently enjoys rapid economic growth as well as political stability.
The essence of Russia's economic reform is laid with privatization. This was a very necessary step as it has a direct influence on the amount of foreign direct investment into the country.
In 2004, China's GDP surpassed that of Italy for the first time in history, making China the sixth-largest economy in the world. China's GDP in 2005 reached US$2.26 trillion, US$94 million more than that of the United Kingdom.
The Labor Department reported that the unemployment rate in the U.S. hit its highest level since March of 1983, rising from 9.8 percent in September to 10.2 percent in October, as nonfarm payrolls saw a net decline of 190,000.During the early 1980s recessions, the jobless rate peaked at 10.8 percent, a level that looks increasingly likely to be attained again sometime in the months ahead given the continuing reluctance of employers to hire.The U-6 under-employment rate, which includes discouraged workers and those settling for part-time work... Continue Reading 
Today's must read housing market news comes via this story in the Washington Post where the near total control of the U.S. mortgage market by the U.S. government is detailed.Mortgage Market Bound by Major U.S. RoleClasses of Borrowers Cannot Find Loans as Publicly Backed Debt MountsBy Zachary A. Goldfarb and Dina ElBoghdadyIn the go-go years of the U.S. housing boom, virtually anybody could get a few hundred thousand dollars to buy a home, and private lenders flooded the market, aggressively pursuing borrowers no matter their means or... 
(click on pictures for better viewing)
It is indeed an old adage that while goods things are to be preferred over bad things it is possible to get too much of the former. Looking at recent comments from the governor of the Reserve Bank of Australia it is not difficult to imagine how these, albeit old and worn, pearls of wisdom may well have inspired Mr. Stevens in his effort to tiptoe the thigthrope between signalling the intention to raise rates into an expected economic recovery on the one side and trying to prevent the Aussie shoot of on... 
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