My money is with Cam Newton, youth against oldtimer:
As an old guy on the tennis court always said to me: What of it? I'm an old man. Youth trumps skill.
Like I said before, I am in one year CDs, individual AA bonds and structured funds (Make less but zero loss type.)
However, for long term younger folks, consumer goods sounds about right. However, they would only be less volatile as their profit would be squeezed by higher labor cost and inflation. (Chicken wings cost 2X to 3X more than chicken breast!!)
And take a look at CMG when the expected/unexpected drops in.
$10 per barrel (42 Gal) is less than 25c per Gal and the obstructionists are quick to side with Big Oil as usual:
Fuel taxes in Germany are #$%$0.4704 per litre for ultra-low sulphur Diesel and #$%$0.6545 per litre for conventional unleaded petrol, plus Value Added Tax (19%) on the fuel itself and the Fuel Tax. That adds up to prices of #$%$1.12 per litre for ultra-low sulphur Diesel and #$%$1.27 per litre (approximately US$6,14 per US gallon) for unleaded petrol (December 2014).
From 23 March 2011 the UK duty rate for the road fuels unleaded petrol, diesel, biodiesel and bioethanol is �0.5795 per litre (�2.63 per imperial gallon or �2.19 per U.S. gallon). Value Added Tax at 20% is also charged on the price of the fuel and on the duty. An additional vehicle excise duty, depending on a vehicle's CO2 production per kilometre, which depends directly on fuel consumption, is also levied.
On average, as of January 2013, state and local taxes add 30.4 cents to gasoline and 30.0 cents to diesel for a total US average fuel tax of 48.8 cents per gallon for gas (12.89 �/L)
"What being part of the establishment is, is, in the last quarter, having a super-PAC that raised $15m from Wall Street, that throughout one's life raised a whole lot of money from the drug companies and other special interests," he said.
"To my mind, if we do not get a handle on money in politics and the degree to which big money controls the political process in this country, nobody is going to bring about the changes that is needed in this country for the middle class and working families."
Mrs Clinton took offence at that, accusing Mr Sanders of making an "artful smear".
"If you've got something to say, say it directly," she said. "But you will not find that I ever changed a view or a vote because of any donation that I ever received."
When later asked whether she'd make public the transcripts of speeches she made to the investment firm Goldman Sachs, for which she was well compensated, she dodged.
"I don't know the status, but I will certainly look into it," she said.
eh! Forgot to mention that the one trick pony (stock buybacks) CEO feared the rising pay for the workers, 2.5% in Jan (ref. my post yesterday), annualized wage growth topped 5%.
Weak jobs numbers from Canada
Canada lost 5.7K jobs in January against forecasts for a 5.5K gain. The unemployment rate rose to 7.2% vs. estimates for it to hold steady at 7.1%.
Alongside those gloomy numbers, December's 22.8K job gain was revised lower to just 1.3K.
Teens should not be working but study and be active. That's what the rest of the advanced countries are.
Among the major worker groups, the unemployment rates for adult men (4.5 percent)
and Whites (4.3 percent) declined in January. The jobless rates for adult women
(4.5 percent), teenagers (16.0 percent), Blacks (8.8 percent), Asians (3.7 percent),
and Hispanics (5.9 percent) showed little change over the month.
UE rate dips to 4.9%
January Nonfarm Payrolls: +151K vs. consensus +190K, +262K (revised from 292K) previous.
Unemployment rate: 4.9% vs. 5% consensus, 5% previous.
You mind as well throw in those tech failures: Kodak, Alcatel, Xerox, Palm/Handspring, Lucent (Pat Russo?).
Democratic presidential hopeful Bernie Sanders says: "I am angry and millions of Americans are angry," while Hillary Clinton says she "understands why people get angry".
A CNN/ORC poll carried out in December 2015 suggests 69% of Americans are either "very angry" or "somewhat angry" about "the way things are going" in the US.
And the same proportion - 69% - are angry because the political system "seems to only be working for the insiders with money and power, like those on Wall Street or in Washington," according to a NBC/Wall Street Journal poll from November.
Unit labor costs in the nonfarm business sector rose 2.4 percent in 2015,
reflecting increases of 3.0 percent in hourly compensation and 0.6 percent in
productivity. The increases in unit labor costs and hourly compensation are
the largest since 2007, when these series rose 2.7 percent and 4.3 percent,
respectively. Real hourly compensation, which takes into account changes in
consumer prices, increased 2.8 percent in 2015. This is the largest annual
increase in real hourly compensation since a 3.9-percent increase in 2000.
Democrats want your money to pay for the programs you want such as ensure Medicare and Social Security are solvent, war against terror funded, pot holes filled, your kids educated, storm drains cleared, stores selling non-toxic goods, new drugs for your sickness etc.
Republicans want you to beg for those programs but either add to national debt or forego them altogether.
Jobless Claims at 285K, misses consensus
Feb 4 2016, 08:30 ET | By: Gaurav Batavia, SA News Editor [Contact this editor with comments or a news tip]
Initial Jobless Claims: +8K to 285K vs. 280K consensus, 277K prior (revised).
Continuing Claims 2.255M vs. 2.208M prior.
While we’ve heard strong support from corporate leaders for taking such a long-term view, many companies continue to engage in practices that may undermine their ability to invest for the future. Dividends paid out by S&P 500 companies in 2015 amounted to the highest proportion of their earnings since 2009. As of the end of the third quarter of 2015, buybacks were up 27% over 12 months. We certainly support returning excess cash to shareholders, but not at the expense of value-creating investment. We continue to urge companies to adopt balanced capital plans, appropriate for their respective industries, that support strategies for long-term growth.
We also believe that companies have an obligation to be open and transparent about their growth plans so that shareholders can evaluate them and companies’ progress in executing on those plans.