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Category Archives: Economy
Portfolio Manager Says “Real” Unemployment Could Surge to 25%
John Lekas, senior portfolio manager for the $320 million Leader Short-Term Bond Fund, says the “real” unemployment number, or U-6, could surge as high as 25% by the middle of 2010.
Surviving Deflation: First, Understand It
Deflation is more than just “falling prices.” Robert Prechter explains why.
By Editorial Staff
The following article is an excerpt from Elliott Wave International’s free Club EWI resource, “The Guide to Understanding Deflation. Robert Prechter’s Most Important Writings on Deflation.”
The Primary Precondition of Deflation
Deflation requires a precondition: a major societal buildup in the [...]
More Credit Default Swaps Means Trouble for European Debt
By Editorial Staff
Government debt is no longer just a problem for emerging countries. Portugal, Spain, France and Greece (as we have seen in recent weeks) are living in fear of credit default. Consequently, the value of their credit default swaps is skyrocketing.
The following is an excerpt from the February issue of Global Market Perspective. [...]
Wall Street Hit by Drop in Consumer Confidence
By Leah Schnurr
NEW YORK (Reuters) – U.S. stocks suffered their biggest one-day decline in nearly three weeks on Tuesday after a sharp drop in consumer confidence heightened worries over one of the most vulnerable areas of the economy.
Consumer confidence in February slumped to a 10-month low as the short-term outlook on jobs worsened. Results from [...]
Also posted in Stock Market Tagged Consumer confidence, djia, dow jones, home prices, nasdaq, Stock Market Leave a comment
Healthy Expansion Under Way, Say Economists
Forecasters expect economic recovery to continue adding jobs, growth at least into 2011
By Dave Carpenter, AP Business Writer, Monday February 22, 2010
CHICAGO (AP) — Economists expect the recovery to remain “firmly on track” over the next two years though job growth is likely to remain slow, according to a new survey.
The latest outlook from The [...]
Europe’s Return to Risky Investment
By Editorial Staff
Over 100 banks are opening soon, buying junk bonds is gaining popularity and emerging markets are the trendy investment. Sound familiar? Europe appears to be returning to some bad investment habits.
The following is an excerpt from the February issue of Global Market Perspective. For a limited time, you can visit Elliott [...]
Also posted in Global Markets, Market Psychology Tagged Elliott Wave, European markets, Global Market Perspective, junk bonds, market forecasting, Pimco Leave a comment
Bob Prechter Points Out The Many Signs Of Deflation
Yes, You Heard Us Right
By Nico Isaac
Everywhere you look, the mainstream financial experts are pinning on their “WIN 2″ buttons in a show of solidarity against what they see as the number one threat to the U.S. economy: Whip Inflation Now.
There’s just one problem: They’re primed to fight the wrong enemy. Fact is, despite ten [...]
Gridlock: Is the country governable?
From the New York Times:
Mr. Bayh, the centrist Democrat from Indiana, lodged his complaint about excessive partisanship and Congressional gridlock on Monday by way of explaining his decision not to seek re-election. But he is hardly alone in sounding an alarm about the long-term budgetary outlook, which has Medicare, Medicaid and Social Security costs growing [...]
Also posted in Politics Tagged Alan K. Simpson, Fiscal Responsibility and Reform, G. William Hoagland, Gridlock Leave a comment
Wave Principle Crash Course: There’s No Going Back