30 Yr Bond (weekly info)new high 140.250
trend=up
high= 140.250
rev= 132.188; mid= 136.219
Still appears that traders are running to the long bond in lieu of equities. Way above all SMA's. Still testing its 0.0% retrace. Zero jobs means that SHTF time is nearing.
Brent Crude (weekly info)-no change (above mid)
trend=no
direction=up (1 bar)
high= 118.33
rev= 100.75; mid= 109.54
I was reading that Brent is more reflective of oil supply and demand. Since it's still trading near its high might explain why gas prices refuse to drop as much as WTI has dropped. (my .02). It's above all SMA's. It's holding above its 38.2% minor retrace. And there were zero jobs created in August.
Copper (weekly info)-no change (below mid)
trend=down
low= 4.004
rev= 4.519; mid= 4.262
Copper (the other barometer of the economy) is back below SMA(55) which was resistance before QE2. It's below its 61.8% minor retrace (4.192). It's trending down on the weekly 3LB. And there were zero jobs created in August.
11 comments:
More Restaurants Are Targeting Customers Who Use Food Stamps
September 7th, 2011
State sponsored transfats, sawdust, sugar, salt and high fructose corn syrup.
The Way It Could Be: Urban Farming Guys
Via: USA Today:
The number of businesses approved to accept food stamps grew by a third from 2005 to 2010, U.S. Department of Agriculture records show, as vendors from convenience and dollar discount stores to gas stations and pharmacies increasingly joined the growing entitlement program.
Now, restaurants, which typically have not participated in the program, are lobbying for a piece of the action.
Louisville-based Yum! Brands, whose restaurants include Taco Bell, KFC, Long John Silver’s and Pizza Hut, is trying to get restaurants more involved, federal lobbying records show.
That’s a prospect that anti-hunger advocates welcome, but one that worries some current food stamp vendors and public health advocates.
Posted in Collapse, Dictatorship, Economy, Elite, Food, Health, Kill Off
http://cryptogon.com/?p=24736
AAIP
http://finance.yahoo.com/banking-budgeting/article/113447/young-jobless-will-ruin-your-portfolio?mod=bb=budgeting
In other words, today's younger Americans are bearing the brunt of the recession. And beyond that, the economic slump is stealing important work experience from Generations X, Y and the Millennials.
In addition, now comes a troubling poll by Inc./WomanTrend that shows the financial and psychological toll this recession has taken on young Americans.
--More than a quarter, 27%, are delaying going back to school or getting more training.
--28% are delaying saving for retirement.
--More than one out of five, 23%, are delaying starting a family, and 18% are putting off getting married.
--And don't expect younger Americans to bail out their parents' housing mess. Nearly half, 44%, say they're going to delay buying a home.
The upshot of the study, which included a margin of error of 4%, is that the younger end of the work force is stalled -- in numbers that suggest that even those who have jobs aren't optimistic.
This should be raising alarm bells in Washington and on Wall Street, too. It's not only a matter of national policy; it's an economic one. The leading edge of the Baby Boom is retiring this year. That means the primary holders of stocks and bonds and other securities will need to sell those securities for income.
Without a flourishing younger America, those securities aren't going to have willing buyers. It's a death spiral of market economics.
That means we're all going to get poorer: from young people with no money to older Americans with a bunch of securities they can't sell. It's going to get worse over time.
http://www.cnbc.com/id/44410418
"Don’t expect a big boost in hiring from the retail sector during the holiday season, according to the results of a survey released Tuesday."
Bruce,
It's interesting the article describes those things as representative of the "psychological toll"
but then, all those problems revolve around not having enough money....
I heard the other day poverty amongst the 18-24 age group is at an all time high
Wake me up when the market finally wakes up.
There's just no reason that gold should go from 1923 to 1793 in ONE day.
Gold definitely a "big boy" market....
If I were Baylor, I'd sue too. The SEC is getting Texas A&M, and the PAC 12 will get a couple of the other big schools,and no body will want the other weak sisters of the old SWC. Baylor, SMU, Houston,Rice....of course the SWC has been gone for awhile, but I wouldn't want Baylor either, and their president knows it...
Manning may never play again...nerve regeneration is a tricky thing, and it only moves 1 millimeter/day when it is occuring. I have done hundreds of nerve repairs and they are never a sure thing...
wonder why Indy gave manning such a massive contract given the operation and uncertainty
http://espn.go.com/college-sports/story/_/id/6939017/texas-aggies-accepted-sec-legal-threat-delays-move
"Texas A&M has said throughout the process that it was taking methodical steps. The Aggies hope to begin play in the SEC next season and have already sold out season tickets, in part from anticipation of the move."
...There really will be a drought in Texas...already sold out on season tickets for the SEC games!
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