Non-manufacturing service ISM slightly higher but behind the scene are sign of real trouble
Fred Day
Nov. 3, 2006

The market expected the non-manufacturing service ISM to come at 54.7. The slight rise in the data gives some sigh of relief to those who expects a soft landing. But analytic models that combine the data with gold price acceleration and short term long term rate differentials are manifesting serious trouble.

The gold market is predicting a serious financial meltdown in 2007. The stock market when compared with gold price increase and rate differential impacts are actually collapsing. The collapse is more prominent in technology sector where innovation matters.

The ISM service data when analyzed carefully shows serious trouble in financial services sector. The momentum trend in investment banking, real estate, mortgage sector, credit card sector and even traditional banking is real weak.

Non-manufacturing service ISM slightly higher but behind the scene are sign of real trouble
Fred Day
The gold market is predicting a serious financial meltdown in 2007. The stock market when compared with gold price increase and rate differential impacts are actually collapsing.
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Market expected 125,000 but underemployment driven payroll rise of 92,000 confirms major recession
Sam Adelton
The low wage jobs are plenty. Help wanted signs are all over with close to minimum wage promise. The real salary paying jobs are disappearing. It is a bonanza for inherited unproductive money with great tax cuts.
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Unemployment rate at 4.4% or 24.4%? The real analytic behind the scene
Peter Oberois
The official unemployment rate fell to 4.4%. 92,000 new jobs were created. The real unemployment rate is 24.4% not 4.4%. here is why.
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The European Central bank plans to raise a quarter of a percentage point next month
Marla Guthrie
They stayed put for this time but gave enough indication to hint that rate hike is coming soon - next month.
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Factory orders and weekly jobless claims show stealth depression in the economy
Peter Oberois
It is called stealth depression because the economists cannot detect it. The only people who know about it are those running small companies.
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The stock market and crude oil have started their longest bear journey ever
Sam Adelton
The Dow falls below 12000 and crude oil below $48 a barrel. The market slowly understands that stagflation is changing into deflation driven deep recession if not a depression.
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WalMart's expectation of flat sales for November shows economy is weak and a bleak holiday season with high underemployment and stagnation
Fred Day
The exonomy is waek and the stock market is overvalued like never before with easy money and inherited wealth.
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