Top 10 Job Openings for October

Having wiped this week’s excremental non-farm payroll data from our hair and car windshields, I would say it’s time we began to focus on which sectors and industries are actually hiring. In a highly unscientific study, I’ve come up with what I believe to be the Top 10 Job Openings for October 2009: 10.  Virtually…

Stimulus Was Meaningless For Jobs

The good professor has brought back an old chart that Obama’s econ team used to justify the stimulus package earlier this year and annotated it (in red) to illustrate how far the reality deviated from the projections. From Greg Mankiw’s Blog: When the Obama stimulus plan was proposed, the president’s economic team put out a…

China: We Drink Your Milkshake

China’s still at it.  Attempting to suck up every ounce of crude oil on a global basis, they are not unlike the Daniel Plainview character from There Will Be Blood, an oil magnate to whom you either leased your land or you watched as he drained the oil from it horizontally, right out from under…

Hot Links: Madoff Madness & the King of the Pipelines

Hot Links for Weekend Reading… Trouble coming for the rest of the Madoffs, $199 million worth.  (USAToday) Speaking of Madoff, here’s regulatory reform expert Bill Singer on the continuing deficiency of oversight.  (BrokeAndBroker) All hail REX, the King of Pipelines – bringing stimulus to a town near you.  (WSJ) NYU: “What Recession?”  (NYP) The death…

Media: Talking Bonuses on France 2 TV

Here’s a little something I did for mes amis at France 2 Television about the banker bonus issue during the G-20 Summit. [youtube=http://www.youtube.com/watch?v=Rev_X_q_m-0] Bonne fin de semaine!

YOU ARE NOT READY

[youtube=http://www.youtube.com/watch?v=eZxBYItj2sM&feature=player_embedded] If today’s jobs report has you in the apocalyptic mood, allow me to put a visual to your state of mind. The footage above is from the upcoming film 2012.  The effects in this preview may be the best I’ve ever seen as far as disaster flicks go. I predict that this will be…

Forbes 400 Movers and Groovers

The 2009 Forbes 400 list just came out and I found myself more interested in the rankings than I’ve been in awhile. Overall, the big guys lost money for only the 5th time since 1982.  Their losses were a combined $300 billion in net worth. From Forbes: Faltering capital markets and real estate prices, along…

Hot Links: Big Bad Jobs Data & the Letterman Blackmail Affair

Stuff I’m Reading this Morning… Getting ready for the big bad jobs data coming this morning.  (Bloomberg) The growling of the bears is getting louder in the blogosphere.  (EconomyBeat) Merrill Lynch‘s trading floor looks like a neutron bomb hit it.  (TBP) Obama‘s deficits are making Bush look like a piker.  (TheAmerican) New Yorkers sound off…

Today's Bucket of Cold Water, Courtesy of Bert Dohmen

Writing for TheStreet.com this morning, Bert Dohmen (The Wellington Letter), did as good a job as anyone else I’ve read at summing up the bear case and why many issues will come home to roost beginning this October: We see many headwinds for the stock market. When Congress is in session, the stock market has…