A friend in Trinada took these shots last night. Enjoy!
Tuesday, December 21, 2010
Thursday, September 2, 2010
Can we say BS?!
It is really amazing what passes for journalism today.
I just saw an article titled, "Jobs recovery is stronger than past recessions" from CNNMoney.com http://finance.yahoo.com/news/Jobs-recovery-is-stronger-cnnm-4235276415.html?x=0&sec=topStories&pos=4&asset=&ccode=
Well, here are some charts that track our current situation. Take a look and draw your own conclusions:
Job Losses in Recent U.S. Recessions (Through July 2010)
Job Losses in Recent U.S. Recessions - Excluding Temporary Census Workers Added in 2010 (Through July 2010)
Official vs. Real Unemployment - July 2010 was 16.5%(Accounts for part-time workers who used to work full time and people who have stopped looking for work)
Category U-3: This is the official unemployment number, the formula for which has been largely unchanged since 1940, and represents the total unemployed, as a percent of the civilian labor force. For this category, if you did any work at all during the reference week, you are considered employed. If you did no work, but searched for a job sometime in the 4 weeks prior to the survey, you are “unemployed.” If you do not meet either test, you are “not in the labor force.”
Category U-6: This is the most comprehensive of the alternative measures, and BLS expects it to be used to demonstrate the degree to which existing and potential labor resources are not being utilized. It captures workers who are visibly underemployed and all persons who are “marginally attached” to the labor force. Specifically, the formula adds the following workers:
Total unemployed workers (U-3)
All “marginally attached” workers
Persons not in the labor force who want a job, and explicitly available for work, and have looked for work sometime in the past year (or since the end of their last job if they held one within the past year), but are no longer looking for work for some reason.
This includes “discouraged workers”
A sub-class of marginally attached workers, who are not currently looking because they believe there are no jobs available or there are none for which they would qualify.
Currently the definition or discouraged worker includes people who have stopped looking for work, but have made some attempt to find a job within the past year. Once these people have been "discouraged" for more than a year, they are no longer included. Prior to 1993, this was not the case: people who had not looked within a year were still included. Some analysts believe this has cut the number of discouraged workers in half.
Total workers employed part time for economic reasons
Persons who want and are available for full-time work but have had to settle for a part-time schedule.
U-6 Unemployment Rate
I just saw an article titled, "Jobs recovery is stronger than past recessions" from CNNMoney.com http://finance.yahoo.com/news/Jobs-recovery-is-stronger-cnnm-4235276415.html?x=0&sec=topStories&pos=4&asset=&ccode=
Well, here are some charts that track our current situation. Take a look and draw your own conclusions:
Job Losses in Recent U.S. Recessions (Through July 2010)
Job Losses in Recent U.S. Recessions - Excluding Temporary Census Workers Added in 2010 (Through July 2010)
Official vs. Real Unemployment - July 2010 was 16.5%(Accounts for part-time workers who used to work full time and people who have stopped looking for work)
Category U-3: This is the official unemployment number, the formula for which has been largely unchanged since 1940, and represents the total unemployed, as a percent of the civilian labor force. For this category, if you did any work at all during the reference week, you are considered employed. If you did no work, but searched for a job sometime in the 4 weeks prior to the survey, you are “unemployed.” If you do not meet either test, you are “not in the labor force.”
Category U-6: This is the most comprehensive of the alternative measures, and BLS expects it to be used to demonstrate the degree to which existing and potential labor resources are not being utilized. It captures workers who are visibly underemployed and all persons who are “marginally attached” to the labor force. Specifically, the formula adds the following workers:
Total unemployed workers (U-3)
All “marginally attached” workers
Persons not in the labor force who want a job, and explicitly available for work, and have looked for work sometime in the past year (or since the end of their last job if they held one within the past year), but are no longer looking for work for some reason.
This includes “discouraged workers”
A sub-class of marginally attached workers, who are not currently looking because they believe there are no jobs available or there are none for which they would qualify.
Currently the definition or discouraged worker includes people who have stopped looking for work, but have made some attempt to find a job within the past year. Once these people have been "discouraged" for more than a year, they are no longer included. Prior to 1993, this was not the case: people who had not looked within a year were still included. Some analysts believe this has cut the number of discouraged workers in half.
Total workers employed part time for economic reasons
Persons who want and are available for full-time work but have had to settle for a part-time schedule.
U-6 Unemployment Rate
Tuesday, July 20, 2010
2010 Head & Shoulders???
A lot of people were watching for a H&S Formation a week or two back and what could have been a H&S failed. However, maybe we were watching the wrong formation. Here is another potential H&S, for consideration. The volume is interesting but maybe not exactly the typical H&S. The trend lines are impressive and what caught my eye. Sometimes a simple trend line is all it takes.
Below are two charts, the first showing the H&S that we may be looking at and the second is zoomed out to show that these tend lines have a history.
Below are two charts, the first showing the H&S that we may be looking at and the second is zoomed out to show that these tend lines have a history.
Monday, July 12, 2010
Why doesn't Obama use these famous Lincoln quotes?
(From an e-mail, I have not checked, but thought it was interesting.)
For those who study history --- you recall that despite Obama's continuous attempts to quote Lincoln as a Democrat.... President Lincoln was a Republican President!
You cannot help the poor by destroying the rich.
You cannot strengthen the weak by weakening the strong.
You cannot bring about prosperity by discouraging thrift.
You cannot lift the wage earner up by pulling the wage payer down.
You cannot further the brotherhood of man by inciting class hatred.
You cannot build character and courage by taking away people's initiative and independence.
You cannot help people permanently by doing for them, what they could and should do for themselves.
...... Abraham Lincoln
For those who study history --- you recall that despite Obama's continuous attempts to quote Lincoln as a Democrat.... President Lincoln was a Republican President!
You cannot help the poor by destroying the rich.
You cannot strengthen the weak by weakening the strong.
You cannot bring about prosperity by discouraging thrift.
You cannot lift the wage earner up by pulling the wage payer down.
You cannot further the brotherhood of man by inciting class hatred.
You cannot build character and courage by taking away people's initiative and independence.
You cannot help people permanently by doing for them, what they could and should do for themselves.
...... Abraham Lincoln
Friday, January 8, 2010
Quotes from Ronald Reagan
We may never see another like him.
Every phrase below is a gem!
-----
'Here's my strategy on the Cold War: We win, they lose.'- Ronald Reagan
'The most terrifying words in the English language are: I'm from the government and I'm here to help.' - Ronald Reagan
'The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so.'- Ronald Reagan
'Of the four wars in my lifetime, none came about because the U.S. was too strong.' - Ronald Reagan
'I have wondered at times about what the Ten Commandments would have looked like if Moses had run them through the U.S. Congress.'- Ronald Reagan
'The taxpayer: That's someone who works for the federal government but doesn't have to take the civil service examination.'
- Ronald Reagan
'Government is like a baby: An alimentary canal with a big appetite at one end and no sense of responsibility at the other.'- Ronald Reagan
'The nearest thing to eternal life we will ever see on this earth is a government program.'- Ronald Reagan
'It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first.'- Ronald Reagan
'Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.'
Ronald Reagan
'Politics is not a bad profession. If you succeed, there are many rewards; if you disgrace yourself, you can always write a book.'- Ronald Reagan
'No arsenal, or no weapon in the arsenals of the world, is as formidable as the will and moral courage of free men and women.'- Ronald Reagan
'If we ever forget that we're one nation under God, then we will be a nation gone under.'- Ronald Reagan
Every phrase below is a gem!
-----
'Here's my strategy on the Cold War: We win, they lose.'- Ronald Reagan
'The most terrifying words in the English language are: I'm from the government and I'm here to help.' - Ronald Reagan
'The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so.'- Ronald Reagan
'Of the four wars in my lifetime, none came about because the U.S. was too strong.' - Ronald Reagan
'I have wondered at times about what the Ten Commandments would have looked like if Moses had run them through the U.S. Congress.'- Ronald Reagan
'The taxpayer: That's someone who works for the federal government but doesn't have to take the civil service examination.'
- Ronald Reagan
'Government is like a baby: An alimentary canal with a big appetite at one end and no sense of responsibility at the other.'- Ronald Reagan
'The nearest thing to eternal life we will ever see on this earth is a government program.'- Ronald Reagan
'It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first.'- Ronald Reagan
'Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.'
Ronald Reagan
'Politics is not a bad profession. If you succeed, there are many rewards; if you disgrace yourself, you can always write a book.'- Ronald Reagan
'No arsenal, or no weapon in the arsenals of the world, is as formidable as the will and moral courage of free men and women.'- Ronald Reagan
'If we ever forget that we're one nation under God, then we will be a nation gone under.'- Ronald Reagan
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