Schiff Refutes “Stellar” Jobs Numbers
Friday’s employment data had a number of people in an uproar. After Mitt Romney scored a victory in the first Presidential debate, many thought that our sudden and steep drop in unemployment (from 8.1% to 7.8%) was a little fishy. After all, it was the largest one-month drop in the unemployment rate in roughly nine years, leading many to question whether or not those numbers were skewed in Obama’s favor. It seems highly unlikely that the data was in any way fixed, but a closer look beneath the surface reveals the report as a negative one nonetheless [for more economic news and analysis subscribe to our free newsletter].
Billionaires Dump Equity Holdings, Time to Panic?
Over the past weeks, many economists have been predicting dire situations playing out for the U.S. economy. With a third round of open-ended easing announced, many fear that the long term ramifications of such an intense program will be catastrophic for stocks. Some, like Jim Rogers, have called for a recession to hit next year and deepen in 2014, while others believe that we are already in a recession. Analysis and commentary is all fine and dandy, but anyone of these esteemed investors can say anything they want; it’s the moves they make that you want to pay close attention to [for more economic news and analysis subscribe to our free newsletter].
Were Friday’s Unemployment Numbers Manipulated?
Another day, and another not-so-small accusation of our government manipulating data. This time it came with Friday’s jobs report, as a sudden and massive dip in unemployment made September the best month for jobs growth in almost nine years. The unemployment figures dipped from 8.1% to 7.8%, prompting joy for most of the markets and likely most of the Obama campaign. The issue here, is that the report came just days after Obama suffered a crushing defeat (by most accounts) in the first Presidential debate with Mitt Romney [for more economic news and analysis subscribe to our free newsletter].
How Warren Buffett Could End The Deficit in 5 Minutes
The Oracle of Omaha has always had a bold view on the American economy and is not afraid to stick to his convictions. It is, after all, why he is one of the most successful investors and businessmen of all time. A little over a year ago, Buffett made a comment about how he could end our swarming debt problems in 5 minutes. As our total debt has now surpassed that of our GDP and continues to grow, we revisit Buffett’s commentary to see if it has any kind of clout or if it is a realistic option [for more economic news and analysis subscribe to our free newsletter].
Peter Schiff: The Recession is Already Here
Some analysts, like Jim Rogers, have been warning about a coming recession in 2013, while other big names like Roubini and Faber have been even more bold with their statements. Investors should not be surprised to see Peter Schiff throw his hat into the ring, as he has never been one to be shy about his views of the economy. Recently, Schiff has been talking a lot about the debasement of our dollar and the inevitable fiscal cliff while also taking calculated jabs at QE3. But he has now taken it a step further, claiming us to already be in another recession [for more economic news and analysis subscribe to our free newsletter].
100 Insightful Futures Traders Worth Following on Twitter
Futures investing is one of the safest and most effective ways to add exposure to risky assets like commodities. Futures allow users to limit their downside risk while also affording the opportunity of making speculative calls on all kinds of assets. But keeping up with futures and all of the various trading methodologies out there can be a difficult task. Luckily, there are plenty of well-versed Twitter experts around the internet to help you get a handle on how to properly use futures contracts as well as actionable trade ideas. Below, we outline 100 must-follow futures traders on Twitter (in no particular order) [for the most up to date commodity news and analysis subscribe to our free newsletter].
