EF Hutton

THE EMPLOYMENT SITUATION -- JANUARY 2014

noreply@blogger.com (Alzheimer's Reading Room) — Fri, 07 Feb 2014 14:03:00 +0000

Total nonfarm payroll employment rose by 113,000 in January, and the unemployment rate was little changed at 6.6 percent, the U.S. Bureau of Labor Statistics reported today.

Employment grew in construction, manufacturing, wholesale trade, and mining.

Changes to the Employment Situation Data

Establishment survey data have been revised as a result of the annual benchmarking process and the updating of seasonal adjustment factors. Also, household survey data for January 2014 reflect updated population estimates. See the notes at the end of this release for more information about these changes.

Read the Detailed Report

THE EMPLOYMENT SITUATION — JANUARY 2014

Ex-SAC trader points to Cohen testimony in insider trading case

noreply@blogger.com (Alzheimer's Reading Room) — Sat, 07 Dec 2013 19:46:00 +0000

A former SAC Capital Advisors trader, Mathew Martoma, is set to go on trial next month on insider trading charges, wants to cite in court some 2012 testimony given by the hedge fund's founder Steven Cohen, claiming it rebuts the government's case.

The ex-SAC portfolio manager is scheduled for trial on January 6. He filed court papers late Friday seeking to use testimony given by Cohen to the U.S. Securities and Exchange Commission in May 2012.

+Bob DeMarco

Banks need to take on Amazon and Google or die

noreply@blogger.com (Alzheimer's Reading Room) — Fri, 06 Dec 2013 15:31:00 +0000

Some bankers and analysts think that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree.

What is more, I think banks that are not prepared for such new competitors face certain death.

Technology has already transformed many industries. Next in line is banking. In two or three years, only 5 per cent of consumer interaction will be through branches.

The rules have changed and a new league of competitors is emerging.

Continue reading in the FT

Banks need to take on Amazon and Google or die

+Bob DeMarco

THE EMPLOYMENT SITUATION -- NOVEMBER 2013

noreply@blogger.com (Alzheimer's Reading Room) — Fri, 06 Dec 2013 14:02:00 +0000

The unemployment rate declined from 7.3 percent to 7.0 percent in November, and total nonfarm payroll employment rose by 203,000, the U.S. Bureau of Labor Statistics reported today.

Employment increased in transportation and warehousing, health care, and manufacturing.

Household Survey Data

Both the number of unemployed persons, at 10.9 million, and the unemployment rate, at 7.0 percent, declined in November. Among the unemployed, the number who reported being on temporary layoff decreased by 377,000. This largely reflects the return to work of federal employees who were furloughed in October due to the partial government shutdown. (See tables A-1 and A-11.)

Among the major worker groups, the unemployment rates for adult men (6.7 percent), adult women (6.2 percent), teenagers (20.8 percent), whites (6.2 percent), blacks (12.5 percent), and Hispanics (8.7 percent) changed little in November. The jobless rate for Asians was 5.3 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

The number of persons unemployed less than 5 weeks declined by 300,000 in November, partially reflecting the return to work of federal employees on furlough in October.

The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 4.1 million in November. These individuals accounted for 37.3 percent of the unemployed. The number of long-term unemployed has declined by 718,000 over the past 12 months. (See table A-12.)

The civilian labor force rose by 455,000 in November, after declining by 720,000 in October. The labor force participation rate changed little (63.0 percent) in November.

Total employment as measured by the household survey increased by 818,000 over the month, following a decline of 735,000 in the prior month. This over-the-month increase in employment partly reflected the return to work of furloughed federal government employees. The employment-population ratio increased by 0.3 percentage point to 58.6 percent in November, reversing a decline of the same size in the prior month. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) fell by 331,000 to 7.7 million in November. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)

In November, 2.1 million persons were marginally attached to the labor force, down by 409,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 762,000 discouraged workers in November, down by 217,000 from a year ago. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.3 million persons marginally attached to the labor force in November had not searched for work for reasons such as school attendance or family responsibilities. (See table A-16.)

Read the full report and see the tables

THE EMPLOYMENT SITUATION -- NOVEMBER 2013

+Bob DeMarco

The man who used to walk on water

noreply@blogger.com (Alzheimer's Reading Room) — Thu, 21 Nov 2013 18:55:00 +0000

How Barack Obama can get at least some of his credibility back

When a president speaks, the world listens. That is why Barack Obama’s credibility matters.

The man who used to walk on water

+Bob DeMarco is a citizen journalist and twenty year Wall Street veteran.

Social Security Generates Nearly $1.4 Trillion in Economic Activity

noreply@blogger.com (Alzheimer's Reading Room) — Thu, 21 Nov 2013 18:38:00 +0000

Social Security Generates Nearly $1.4 Trillion in Economic Activity, Supports More Than Nine Million Jobs

A new study from AARP’s Public Policy Institute calculates that each dollar paid to Social Security beneficiaries generates nearly two dollars in spending by individuals and businesses, adding about $1.4 trillion in total economic output to the U.S. economy in 2012.

The report also finds the $762 billion paid in Social Security benefits in 2012 helped Americans keep or find more than nine million jobs.

Social Security’s Impact on the National Economy details the powerful multiplier effect created when Social Security recipients spend their benefits and the companies which receive those dollars spend their profits and pay their employees, who in turn spend their wages. The report provides both national and state-level data.

AARP volunteers and staff are visiting Capitol Hill offices today to deliver the report to their Members of Congress and voice their concerns about the chained CPI, a change proposed in budget negotiations that would cut Social Security benefits.

“This report tells us that any adjustments Washington makes to Social Security will have a profound effect on individuals of all ages, businesses and our economy as a whole,” said AARP Executive Vice President Nancy LeaMond. “That’s why AARP is fighting the chained CPI and calling for a national conversation about the future of Social Security – so those who paid into the system can have a voice in the debate and so future generations get the benefits they’ve earned.”

Social Security benefit payments in 2012 supported more than $370 billion in salaries, wages and compensation for workers. Of the more than nine million jobs supported by Social Security spending, about four million were in just ten industries. Nationally, the largest employment impacts were seen in the food services, real estate, health care and retail industries.

In addition to illustrating Social Security’s vital role in supporting national and local economies, jobs and workers’ incomes, this report reiterates the importance of Social Security as a vital source of income for millions of Americans. Social Security benefits keep 22 million people out of poverty, including more than 15 million older Americans, and serve as the foundation of a secure retirement for millions more.

Social Security’s Impact on the National Economy uses an economic modeling system known as IMPLAN to calculate the multiplier effect and trace the impact of Social Security spending through the national and state economies. View the full report and details on methodology here:

http://www.aarp.org/work/social-security/info-09-2013/social-security-impact-on-the-national-economy-AARP-ppi-econ-sec.html

AARP is a nonprofit, nonpartisan organization, with a membership of more than 37 million, that helps people turn their goals and dreams into real possibilities, strengthens communities and fights for the issues that matter most to families such as healthcare, employment and income security, retirement planning, affordable utilities and protection from financial abuse. Learn more at www.aarp.org.

+Bob DeMarco is a citizen journalist and twenty year Wall Street veteran.

CONSUMER PRICE INDEX – OCTOBER 2013

noreply@blogger.com (Alzheimer's Reading Room) — Wed, 20 Nov 2013 17:14:00 +0000

The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 percent in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today.

Over the last 12 months, the all items index increased 1.0 percent before seasonal adjustment.

The gasoline index fell 2.9 percent in October and led to the seasonally adjusted decline in the all items index.

Read the detailed report from the

Bureau of Labor Statistics

CONSUMER PRICE INDEX – OCTOBER 2013

+Bob DeMarco is a citizen journalist and twenty year Wall Street veteran.

Does Green Tea Prevent Alzheimer's Disease? Fact or Fiction?

noreply@blogger.com (Alzheimer's Reading Room) — Wed, 03 Jul 2013 15:27:00 +0000

One of the hottest topics in the Alzheimer's community this week is about Green Tea and its effectiveness in preventing Alzheimer's.

Recent articles and research reports are extolling the virtue of green tea as a potential Alzheimer's Disease prevention . Fact or hype? Read on to learn more about the current hubba bubba around green tea extract.

Interesting medical science and opinion

Previously on the Alzheimer's Reading Room

Alzheimer's Disease Explained To Children

About the Alzheimer's Reading Room

noreply@blogger.com (Alzheimer's Reading Room) — Fri, 28 Sep 2012 12:40:00 +0000

The goal of the Alzheimer's Reading Room is to Educate and Empower Alzheimer's caregivers their families, and the entire Alzheimer's community.

In the Alzheimer's Reading Room (ARR), we offer "real life" solutions to problems that Alzheimer's caregivers face each day.

The Alzheimer's Reading Room (ARR) offers a searchable Knowledge Base that contains over 3,800 articles about Alzheimer's disease. This intellectual capital is offered free of charge and is available to the entire Alzheimer's community Worldwide via the ARR website.

Read More about the Alzheimer's Reading Room

The Thursday/Monday Syndrome courtesy of Stock Trader's Almanac

noreply@blogger.com (Alzheimer's Reading Room) — Sun, 25 Sep 2011 13:27:00 +0000

Original Source The Thursday/Monday Syndrome courtesy of Stock Trader's Almanac

As the market is in an extremely precarious place right now we felt it prudent to relay to you the details of the current setup for the old Thursday/Monday Syndrome.

With a penchant for history, a rapier wit and a refreshing sense of humor here’s how the always salient Art Cashin, Director of Floor Operations for UBS Financial Services and a regular markets commentator on CNBC, described this ominous possibility in his daily comments today:

Continue Reading

The Plan to End Alzheimer's Disease by 2020 (Podcast)

noreply@blogger.com (Alzheimer's Reading Room) — Wed, 17 Nov 2010 16:21:00 +0000

At the most recent TEDMED conference Rudy Tanzi spoke about the plan to end Alzheimer's disease by 2020.

Rudy Tanzi is one the world's leading Alzheimer's disease research scientist.

Click above to Listen. Please share this podcast with family, friends, support groups, and the Alzheimer's community.

If you don't see the podcast go here.

Original content Rudy Tanzi the Plan to End Alzheimer's Disease by 2020 (Podcast)

Detailed Report on Weekly Unemployment Insurance Claims

noreply@blogger.com (Alzheimer's Reading Room) — Thu, 19 Aug 2010 13:39:00 +0000

clipped from allamericaninvestor.blogspot.com

In the week ending Aug. 14, the advance figure for seasonally adjusted initial claims was 500,000, an increase of 12,000 from the previous week's revised figure of 488,000. The 4-week moving average was 482,500, an increase of 8,000 from the previous week's revised average of 474,500.

Details, comparisons and breakdown at All American Investor

Seven Faces of “The Peril” of Deflation

noreply@blogger.com (Alzheimer's Reading Room) — Wed, 18 Aug 2010 14:32:00 +0000

clipped from allamericaninvestor.blogspot.com

In this paper I discuss the possibility that the U.S. economy may become enmeshed in a Japanese-style, de‡ationary outcome within the next several years.

To frame the discussion, I rely on an analysis that emphasizes two possible long-run outcomes (steady states) for the economy, one which is consistent with monetary policy as it has typically been implemented in the U.S. in recent years, and one which is consistent with the low nominal interest rate, de‡ationary regime observed in Japan during the same period.

Original content Bob DeMarco, All American Investor

Money Supply, M2, Comparison Chart

noreply@blogger.com (Alzheimer's Reading Room) — Sun, 25 Jul 2010 14:31:00 +0000

clipped from allamericaninvestor.blogspot.com

billions,
chart,
economics,
FED,
graph,
M2,
money stock,
money supply

M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs). Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail MMMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.

Money Stock, M2, Percent Change

Money Stock, M2, Growth in Billions

Original content Bob DeMarco, All American Investor

Steve Cook -- The Morning Call - July 23

noreply@blogger.com (Alzheimer's Reading Room) — Fri, 23 Jul 2010 14:25:00 +0000

clipped from allamericaninvestor.blogspot.com

For the first time in months, volume was actually comparable to that of down days and breadth was strong. Our internal indicator improved. The only negative was the VIX which was down but remained above a critical support level.

Bottom line: I think the odds are that the Market is re-setting itself into a trading range probably defined by 9645-10725, 1009-1149. However, I would like to see some follow through--something that neither the bulls nor the bears have been able to produce in the last months. Further assuming that the new trading range’s boundaries are 9645-10725, 1009-1149 then there is more risk than reward in investing at current price levels.

Original content Bob DeMarco, All American Investor

Roubini on Gold

noreply@blogger.com (Alzheimer's Reading Room) — Wed, 21 Jul 2010 12:25:00 +0000

clipped from allamericaninvestor.blogspot.com

For the better part of 10 years running, all that glitters has, in fact, been gold. Since 2001, the precious metal has outperformed all of the core asset classes, gaining an average 15.3% per year in dollar terms since January 2001.

The concerns propelling the price of gold specifically are very real and should not be ignored. But is now the time for investors to jump the gold bandwagon?

Original content Bob DeMarco, All American Investor

Housing Starts New Privately Owned Housing Units Started (Graph)

noreply@blogger.com (Alzheimer's Reading Room) — Tue, 20 Jul 2010 21:03:00 +0000

Trend is still down.

clipped from allamericaninvestor.blogspot.com

549,000 housing starts versus 578,00 a month ago, 679,00 two months ago, and 583,000 a year ago.

The most recent housing peak occurred during June, 2006 with starts at 2,273,00.

Original content Bob DeMarco, All American Investor

Median Duration of Unemployment (Chart)

noreply@blogger.com (Alzheimer's Reading Room) — Mon, 19 Jul 2010 14:07:00 +0000

How bad is the current unemployment situation? Duration in weeks.

clipped from allamericaninvestor.blogspot.com

Original content Bob DeMarco, All American Investor

Steve Cook on Gold

noreply@blogger.com (Alzheimer's Reading Room) — Mon, 12 Jul 2010 13:51:00 +0000

Good information.

clipped from allamericaninvestor.blogspot.com

From Steve Cook at
CJS Research

The price of gold (GLD) traded down last week, touched the lower boundary of an up trend dating from October 2008 and then bounced. It looks like it will open down modestly this morning. All our Portfolios will Add to their GLD position at the Market open. This will bring the size of this position to approximately 9% in each Portfolio.

Employment Situation News Release -- Employment Report June

noreply@blogger.com (Alzheimer's Reading Room) — Fri, 02 Jul 2010 13:48:00 +0000

Details under the link.

clipped from allamericaninvestor.blogspot.com

Nonfarm payroll employment fell by 125,000 in June, and the
unemployment rate edged down to 9.5 percent. The decline in
employment reflects a large drop in the number of temporary
workers for Census 2010. The number of jobs in the private
sector edged up (+83,000), due to modest increases in several
industries. Private sector employment has risen by 593,000 so
far in 2010, but in June was 7.9 million below its prerecession
level.

M2, Money Supply a Sobering View (Graph) -- A Look Beyond the Obvious

noreply@blogger.com (Alzheimer's Reading Room) — Thu, 01 Jul 2010 03:19:00 +0000

Tow different views of money supply, two different stories. This is one reason why the market is so jittery.

clipped from allamericaninvestor.blogspot.com

ometimes you have to look beyond the obvious.

Sometimes you have to look beyond the obvious.

The following chart of M2, Money Supply, is "Percent Change from a Year Ago".

As you can see growth is dropping sharply and approaching zero. This helps explain the current jitters in the market and the increasing talk about recession or depression.
The chart below is the more traditional view of M2. Looking at this chart would lead one to believe that money supply is growing robustly.

It is certainly a time to be risk averse in the stock market.

I look at it this way. I would rather be short or out right here. I believe the stock market is going lower.

However, I think we are approaching one of the best long term buying opportunities you will ever see. I wouldn't be in a hurry to LOAD UP.

Time to be patient.

Chinese Bubble Burst

noreply@blogger.com (Alzheimer's Reading Room) — Tue, 29 Jun 2010 13:45:00 +0000

clipped from econompicdata.blogspot.com

The Conference Board revised its leading economic index for China to show the smallest gain in five months in April, in a release that contributed to the biggest sell-off in Chinese stocks in more than a month.

The gauge of the economy’s outlook compiled by the New York-based research group rose 0.3 percent, less than the 1.7 percent gain it reported June 15. The Conference Board said in an e-mailed statement that the previous reading contained a calculation error for floor space on which construction began.

Original content Bob DeMarco, All American Investor

A Nobelist’s Energy Pitch for Obama

noreply@blogger.com (Alzheimer's Reading Room) — Tue, 29 Jun 2010 13:39:00 +0000

clipped from dotearth.blogs.nytimes.com

A recipient of the 1976 Nobel Prize in physics, Richter was a signatory on a letter from 34 Nobel laureates to Obama last year pushing for a big and sustained rise in the federal investment in energy research. (He told me he is unaware of any response from the White House.) He also has written “ Beyond Smoke and Mirrors,” a cogent road map for facing the daunting long-term challenge of cutting emissions of greenhouse gases even as humanity’s growth spurt crests in the next few decades.

Original content Bob DeMarco, All American Investor

A Nonsurprise Shakes Markets

noreply@blogger.com (Alzheimer's Reading Room) — Tue, 29 Jun 2010 13:28:00 +0000

clipped from blogs.wsj.com

By Neelabh Chaturvedi

Oddly, well-telegraphed events continue to rattle markets.

This Thursday the European Central Bank’s extraordinary €442 billion 12-month liquidity facility expires. That’s been known for some time, but that hasn’t stopped investors from getting skittish as the day approaches. German bunds are rallying, stocks are selling off and the euro is falling.

In addition, three-month Euribor, a key interbank lending rate, was set at 0.761% Tuesday, its highest level since Sept. 2009, and the yield on the U.S. 10-year Treasury fell below 3%, highlighting the nervousness in the market.

“Risk aversion is in the ascendancy. Concerns about the European banking system ahead of the expiration of the ECB 12-month liquidity facility on Thursday is weighing on the market. Fears of a faltering Chinese economy are also creating negative sentiment,” said Markit’s Gavin Nolan.

Original content Bob DeMarco, All American Investor

Technical Talk: S&P 500 hovering above key support

noreply@blogger.com (Alzheimer's Reading Room) — Tue, 29 Jun 2010 13:26:00 +0000

clipped from www.investmentpostcards.com

As seen in the chart above the S&P 500 is range bound between the 1,041 (upper orange line) and 1,142 (lower red line) levels. Momentum as highlighted by the 14-week RSI is in a weakened state as well. Given the S&P 500 has now tested this 1,041 level on three separate occasions − February 2010, May 2010 and June 2010 − any additional test would increase the likelihood of a break.

Only a move back above the 100-day moving average (1,133 level and not seen in the chart above) above which the S&P 500 recently tried to rally, and failed, would turn the short-term trend positive.

EF Hutton

THE EMPLOYMENT SITUATION -- JANUARY 2014

Ex-SAC trader points to Cohen testimony in insider trading case

Banks need to take on Amazon and Google or die

THE EMPLOYMENT SITUATION -- NOVEMBER 2013

The man who used to walk on water

Social Security Generates Nearly $1.4 Trillion in Economic Activity

CONSUMER PRICE INDEX – OCTOBER 2013

Does Green Tea Prevent Alzheimer's Disease? Fact or Fiction?

Previously on the Alzheimer's Reading Room

Alzheimer's Disease Explained To Children

More Articles from the Alzheimer's Reading Room

About the Alzheimer's Reading Room

The Thursday/Monday Syndrome courtesy of Stock Trader's Almanac

The Plan to End Alzheimer's Disease by 2020 (Podcast)

Detailed Report on Weekly Unemployment Insurance Claims

Seven Faces of “The Peril” of Deflation

Money Supply, M2, Comparison Chart

Steve Cook -- The Morning Call - July 23

Roubini on Gold

Housing Starts New Privately Owned Housing Units Started (Graph)

Median Duration of Unemployment (Chart)

Steve Cook on Gold

CJS Research

Employment Situation News Release -- Employment Report June

M2, Money Supply a Sobering View (Graph) -- A Look Beyond the Obvious

Chinese Bubble Burst

A Nobelist’s Energy Pitch for Obama

A Nonsurprise Shakes Markets

By Neelabh Chaturvedi

Technical Talk: S&P 500 hovering above key support