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Silver Wheaton Corp. Message Board

  • mardermj mardermj May 30, 2014 1:32 AM Flag

    2-6 Jun Economic Calendar: Claims, Unemployment, but-hourly earnings?

    A real recovery is not the blunt instrument of hourly earnings, it's a graph that shows the number of jobs in the middle class declining in earnings over the past eon or so. Left bar a heavy leg in volume on the $10-$22 side, Micky D part timers weighing in heavily , and on the right, for 10% that own 90% of America, the $100+ an hour folks and up. Yellen says she the middle bar, $22-$100 is dwindling, averaging $51K per year today, minus another 8K in inflation that isn't "counted" =$43K buying power, versus $57K circa 2002--hey, you need a middle class to buy the junk the top 10% produce--or all you have is easy money and stock market bubbles that pop like soap bubbles. Because you can build inventory all day, but if there are no buyers who can afford them? Pop goes the market. Cracks in retail and GDP ? Ominous.

    Jun 2 10:00 AM ISM Index May - NA NA 54.9 -
    Jun 2 10:00 AM Construction Spending Apr - NA NA 0.2% -
    Jun 3 10:00 AM Factory Orders Apr - NA NA 1.1% -
    Jun 3 2:00 PM Auto Sales May - NA NA 5.3M -
    Jun 3 2:00 PM Truck Sales May - NA NA 7.5M -
    Jun 4 7:00 AM MBA Mortgage Index 05/31 - NA NA NA -
    Jun 4 8:15 AM ADP Employment Change May - NA NA 220K -
    Jun 4 8:30 AM Trade Balance Apr - NA NA -$40.4B -
    Jun 4 8:30 AM Productivity-Rev. Q1 - NA NA -1.7% -
    Jun 4 8:30 AM Unit Labor Costs Q1 - NA NA 4.2% -
    Jun 4 10:00 AM ISM Services May - NA NA 55.2 -
    Jun 4 10:30 AM Crude Inventories 05/31 - NA NA 1.657M -
    Jun 4 2:00 PM Fed's Beige Book Jun - - - - -
    Jun 5 7:30 AM Challenger Job Cuts May - NA NA 5.7% -
    Jun 5 8:30 AM Initial Claims 05/31 - NA NA 300K -
    Jun 5 8:30 AM Continuing Claims 05/24 - NA NA 2631K -
    Jun 5 10:30 AM Natural Gas Inventories 05/31 - NA NA 114 bcf -
    Jun 6 8:30 AM Nonfarm Payrolls May - NA NA 288K -
    Jun 6 8:30 AM Nonfarm Private Payrolls May - NA NA 273K -
    Jun 6 8:30 AM Unemployment Rate May - NA NA 6.3% -
    Jun 6 8:30 AM Hourly Earnings May - NA NA 0.0% -
    Jun 6 8:30 AM Average Workweek May - NA NA 34.5 -
    Jun 6 3:00 PM Consumer Credit Apr - NA NA $17.5

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