Today was job numbers day and to use a kind term they're open to interpretation. No doubt some will paint a positive picture. This group includes the Fed cheerleaders and the MSM data twisters who people the airways. Then there are the pessimists, like this quote today from Citi strategists.
The global economy seems trapped in a "death spiral" that
could lead to further weakness in oil prices, recession and a serious
equity bear market, Citi strategists have warned.
Some analysts — including those at Citi — have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the U.S.
"The world appears to be trapped in a circular reference death spiral," Citi strategists led by Jonathan Stubbs said in a report on Thursday.
"Stronger U.S. dollar, weaker oil/commodity prices, weaker world trade/petrodollar liquidity, weaker EM (and global growth)... and repeat. Ad infinitum, this would lead to Oilmageddon, a 'significant and synchronized' global recession and a proper modern-day equity bear market."
Here's another view, one we think is a bit more accurate.More:
mishtalk.com/2016/02/05/core-employment-age-25-54-still-below-january-2000-level-3-million-below-2007/
Core Employment (Age 25-54) Still Below January 2000 Level, 3 Million Below 2007
With the mainstream media going gaga over the headline
unemployment rate of 4.9%, let’s put a spotlight on actual employment
with a focus on those aged 25-54.
Age group 25-54 ought to be out of school, not retired, not on disability, and working somewhere. Here are some charts that show what has actually happened.
Core Employment 1950 to Present
Some analysts — including those at Citi — have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the U.S.
"The world appears to be trapped in a circular reference death spiral," Citi strategists led by Jonathan Stubbs said in a report on Thursday.
"Stronger U.S. dollar, weaker oil/commodity prices, weaker world trade/petrodollar liquidity, weaker EM (and global growth)... and repeat. Ad infinitum, this would lead to Oilmageddon, a 'significant and synchronized' global recession and a proper modern-day equity bear market."
Here's another view, one we think is a bit more accurate.More:
mishtalk.com/2016/02/05/core-employment-age-25-54-still-below-january-2000-level-3-million-below-2007/
Core Employment (Age 25-54) Still Below January 2000 Level, 3 Million Below 2007
05
Friday
Feb 2016
Age group 25-54 ought to be out of school, not retired, not on disability, and working somewhere. Here are some charts that show what has actually happened.
Core Employment 1950 to Present
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