tag:blogger.com,1999:blog-6616959642391988608.post97750113156309166..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: 1 million new jobs and countingScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-31164421208790668352010-05-07T14:25:35.222-07:002010-05-07T14:25:35.222-07:00Christian,
I think we will see both. The problem ...Christian,<br /><br />I think we will see both. The problem remains Greece's commitment to the plan. I think the current gov't will be booted and a more radical one renegs. Fortunately, Greece's bad debt won't derail the global economy. If the other PIIGS make the commitment to stay in the Euro I think this will work out in time. The market IMO is getting is collective mind Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71504570236200121312010-05-07T12:42:19.638-07:002010-05-07T12:42:19.638-07:00Benjamin: labor costs are among the very last plac...Benjamin: labor costs are among the very last places you will see the results of significant changes in monetary policy. Very very long lags. I think it's premature to say that the low level of wage inflation has anything to do with the Fed's monetary policy of the past year.<br /><br />As for program trading and derivatives, the very best remedy is what happened yesterday. I'll wagerScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-72271428762220554202010-05-07T12:29:22.515-07:002010-05-07T12:29:22.515-07:00The other good news os that for three quarters str...The other good news os that for three quarters straight, unit labor costs have gone down.<br /><br />I don't see how anybody can accuse the Fed of being over-stimulative if unit labor costs keep going down.<br /><br />Labor, if memory serves, is about 60 percent of a typical business costs. <br /><br />Rent I think runs about 10 percent, and that is very squishy too. <br /><br />Just don'Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17393213303419859112010-05-07T12:11:39.718-07:002010-05-07T12:11:39.718-07:00i think you will see the market move its focus awa...i think you will see the market move its focus away from EU fiscal concerns only if there is actual funding of the EU/IMF package, and if there is some acknowledgment by the ECB that it stands ready if a crisis hits the next PIIG; then it is back to the recovery stupid, which is now in a job creation phase (finally). but if the ECB doesn't take ben's "anything it takes" manta Christian S. Herzeca, Esq.https://www.blogger.com/profile/09913237226503475709noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-86298217154375331142010-05-07T11:08:22.716-07:002010-05-07T11:08:22.716-07:00Looks like we agree 100% on HFT John. There is no ...Looks like we agree 100% on HFT John. There is no reason for millisecond trading other than to scalp the market using massive leverage. This does nothing for price discovery and everything for volatility. <br /><br />HFTs should be shutdown. All trading should occur through exchanges where everyone benefits from the information. No dark pools, off-market blocks, nada.<br /><br />If you trade in Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88663649136733472082010-05-07T11:05:11.068-07:002010-05-07T11:05:11.068-07:00Interesting,
Between the Federal Government, Stat...Interesting,<br /><br />Between the Federal Government, State Governments, Local Governments, Public and Private Corporations, and Individuals.....America borrowed about $5 Trillion dollars last year and spent much of it....over 30% of GDP.<br /><br />And we only created about a million jobs?<br /><br />Could you imagine how many jobs would have been created in China if the Chinese borrowed alstryhttps://www.blogger.com/profile/16025398896639165994noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-76576819259232458152010-05-07T09:28:08.604-07:002010-05-07T09:28:08.604-07:00Lantern,
I don't know if you caught Jon Najar...Lantern,<br /><br />I don't know if you caught Jon Najarian's CNBC interview yesterday but I think he has some good points. The trading computers are creating these imbalances and apparantly they are swamping the market makers. Clearly the regulators need to address this because it will likely happen again. I think the SEC is already holding meetings and I would not be surprised if there Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-89732081154684900982010-05-07T09:04:24.785-07:002010-05-07T09:04:24.785-07:00Good stuff this morning on the jobs report.
Curi...Good stuff this morning on the jobs report. <br /><br />Curious your thoughts on the medium term impact of the trading problems yesterday? I wonder if you think the paranoia among smaller investors will remain intact for awhile? People have to be scared if a 59.9% loss in 30 seconds (on no fundamental news) is something they want to risk. Will this carry on the way the paranoia after Enron did?The Lanternhttps://www.blogger.com/profile/12238765456847209657noreply@blogger.com