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Silver Wheaton Corp. Message Board

  • mardermj mardermj May 5, 2014 5:12 AM Flag

    5-9 May Economic ClustoroPhornicato: Rubber Band Continues to Stretch

    More bogus stat figures as new jobs hit higher numbers, but quality sucks. Labor participation rates are lower than whale scat, but the secret sauce is how many boomers are walking away, impacting that stat, and ow many are enjoying defined benefit programs and don't just have to live off Social and Savings, that's a real pump hidden in all those "participation rates" in an active retirement at boomers flock to the sidelines for the next ten years. Every Fed civil servant retiring at 66 with 40 years of service gets full Social Security, 45% of their high three salary, about 80% of their BEFORE taxable salary, and is sitting on a pot of about $750,000 requiring a minimum of $30,000 annually they have to draw at 70 1/2.

    The other 95% of those pending retirement? Advanced placement on the breadline.

    May 5 10:00 AM ISM Services Apr - 54.0 54.0 53.1 -
    May 6 8:30 AM Trade Balance Mar - -$42.5B -$42.5B -$42.3B -
    May 7 7:00 AM MBA Mortgage Index 05/03 - NA NA NA -
    May 7 8:30 AM Productivity-Prel Q1 - -1.2% -1.2% 1.8% -
    May 7 8:30 AM Unit Labor Costs Q1 - 2.5% 2.5% -0.1% -
    May 7 10:30 AM Crude Inventories 05/03 - NA NA 1.698M -
    May 7 3:00 PM Consumer Credit Mar - $16.0B $16.1B $16.5B -
    May 8 8:30 AM Initial Claims 05/03 - 325K 325K 344K -
    May 8 8:30 AM Continuing Claims 04/26 - 2750K 2750K 2771K -
    May 8 10:30 AM Natural Gas Inventories 05/03 - NA NA 82 bcf -
    May 9 10:00 AM Wholesale Inventories Mar - 1.1% 1.0% 0.5% -
    May 9 10:00 AM JOLTS - Job Openings Mar - NA NA 4.173M -

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