They also increased the job loss for 2009 by nearly 1,000,000 w/their benchmark revision - that's another 80K loss/month for the entire year. I've got an idea for the BLS ... why not just classify everybody w/o a job as 'not looking for a job'. That way the UE rate will be 0%. Unemployment problem solved. 4 more years!
Commodities getting obliterated, I wonder where the fomc hawks will get their 'inflationary pressures' now
http://2010.therussiaforum.com/news/session-video3/ Full video from that Russian Forum ... Faber moderating, panel includes Hendry, Taleb, and a couple of other guys whose name I don't remember. One of them seemed especially sharp. Worth watching the full thing. Hendry has his first big monolouge around the 14 minute mark. He's pretty full of himself, but I love the guy. Nice cap to a nice 5 week run
From Niederhoffer's site ... a chart of how different asset classes are stacking up in 2010. The most hated asset classes - Treasuries and the Dollar - have the best returns. The most loved asset classes - commoditites, stocks, gold/silver - have the worst.