Discussing in what sectors he sees growth for hiring, and the global economy, with Frank Friedman, Deloitte LLP CFO. Hiring 18,000 or more each year is the new normal.
It looks like the unemployment rate will be moving down which means the end of QE.
The premium on the puts is high and there is your indicator of where market is going in January. DOWN.
Refer to the MDY Jan Puts. Someone is betting big that MDY will go down 5-10% by January.
This is the logical reaction to the job report and Hilsenrath's comments.
There was no reason for treasuries to move up in the morning.
With money flow out of equities, how can equities keep going up?
MANIPULATION TO THE MAX.
The Fed is obviously trying to save the treasury market today. There is no reason for a treasury rally on volume. The Fed is above the law.
Fed will debate tapering in December.
Markets reaction likely to encourage Fed.
Market ignores Hilsenrath. Treasuries move up on the news. Emerging markets are soaring.
The sudden move up in SPY was because of treasuries moving up. Treasuries are manipulated in premarket.
•The Fed’s Fisher says he would back a ‘clear path’ for QE when tapering starts
This is the big shift in Fed rhetoric this month because it means that when a taper announcement comes, it won’t just be a taper announcement but a roadmap to wind down the program.
Plosser, Fisher, Williams and Lockhart are all on board, at least partly.
I think cashier jobs will be reduced as well. They need to improve the self check out method to make it faster and cashiers will no longer be needed. Home Depot only has a couple of cashiers and every other employee just roams around trying to avoid customers.
If QE does not work, it will eventually stop with no success and QE will never be tried again. QE will be a total failure and both Bernanke and Yellen will be accountable for creating this big mess of unsustainable debt again.
This device should have been in use long ago. If it is adopted by most of the restaurants, the unemployment rate will move up again. There is really no solution to the unemployment problem when low paying jobs can be easily replaced by computers. What will happen to all the student loans when students can't get waiter jobs to pay it off? The corporate solution to the minimum wage increase is to reduce the number of employees with computers.
The markdowns in retail are now outrageous. There is no way small retailers can compete unless they cater to the top 1%.
What about the Scotia Bank?
This is a takeover target at this price. Where are the offers and why is the idiot management stopping them?