Saturday, July 21, 2012

DailyMarkets.com - Illusion Of The Day

DailyMarkets.com - Illusion Of The Day

Illusion Of The Day

Posted: 21 Jul 2012 11:04 AM PDT

This is crazy.  Stare at this picture carefully and you will see the man turn his face. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

David Letterman’s Rant On Fracking

Posted: 21 Jul 2012 09:16 AM PDT

Watch David Letterman’s two-minute rant above on the “greedy oil and gas companies of this country” who are trying “to squeeze every little last ounce of oil and gas out of previously pumped wells by injecting the substrata of our planet with highly toxic, carcinogenic chemicals which seep into the aquifer and hence into the drinking water of Americans. The Delaware Water Gap has been ruined, the Hudson Valley has been ruined, most of Pennsylvania has been ruined; Virginia, West Virginia has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

No Wage-Price Inflation Spiral With Stagnant Wages

Posted: 21 Jul 2012 08:29 AM PDT

The graph above shows two monthly series back to 1965 (data here): a) annual wage increases in the BLS series “Average Hourly Earnings of Production and Nonsupervisory Employees: Total Private” (blue line), and b) annual inflation calculated from the Consumer Price Index (red line).  Here are some observations:

1. There has been a downward trend in annual wage increases since 2007, and wage increases have been below 2% for the last nine months starting in October 2011. There has never … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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