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Just because the Fed is raising rates does not mean the economy is healthy

Cory
June 15, 2017

Trader Vic Sperandeo is a legendary trader but also pays close attention to economic data. In this interview we look at the Fed rate hike and the data behind the decision. Employment numbers, inflation data, and the overall US equity markets are considered.

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Discussion
21 Comments
    CFS
    Jun 15, 2017 15:30 PM

    Put another way, the profligate scum in Washington spend almost four thousand dollars each and every year per man, woman and child of money they don’t have and can’t raise by taxes in order to keep themselves in office and pay themselves and their cronies.

    When the collapse or revolution comes it will not be pretty. It is getting less likely to be peaceful, the longer they keep digging their hole.
    But they know that…..that’s why they bought over a billion rounds of hollow-point.

      Jun 15, 2017 15:51 PM

      Not going to be pretty….is right…..
      The collapse has started in Illinois with the elimination of the Power Ball…..that is the last hope most Southside Chicago people have left….Chicago is going to be very hot this year…jmo

    Jun 15, 2017 15:34 PM

    Glencore snatches Rio Tinto-owned mines from Yancoal with $2.55B offer
    Sale would push Glencore’s combined portfolio of mines in Australia’s Hunter Valley to 81 million tonnes per annum
    Andrew Topf | 6 days ago

    http://www.mining.com/glencore-snatches-rio-tinto-owned-mines-yancoal-2-55b-deal/

      Jun 15, 2017 15:34 PM

      I just saw this update on the Glencore acquisition, but that’s one whale of a purchase.

      Jun 15, 2017 15:47 PM

      Tank’s Excelstos fore info !!!

        Jun 16, 2017 16:18 AM

        Glad to share James.

    CFS
    Jun 15, 2017 15:39 PM

    off-topic:
    We are hearing a little of the aftermath of the recent London fire.
    The high-rise apartment building was local government owned and run.(The equivalent of section 8 housing in the U.S.)
    There was no sprinkler system in the building, despite the fact that the UK building code for several decades has had a stipulation that all buildings over 30 metres tall must have sprinklers; including retrofitting if necessary.
    Of course, the Government, national and most local, exempt themselves from laws that the private sector has to obey.
    Yet another classical example of the incompetence of government.

    Jun 15, 2017 15:47 PM

    Powerball To Dump Illinois Over “Lack Of Budget”

    As if Illinois didn’t have enough to worry about between an imminent downgrade to junk (as soon as July 1), soaring debt costs, insolvent pension funds, and roads that may soon resemble the lunar surface, today in the latest insult to a relentless series of injuries, the lottery itself is about to dump Illinois.

    http://www.zerohedge.com/news/2017-06-15/powerball-dump-illinois-over-lack-budget

      Jun 15, 2017 15:57 PM

      That is a good one………POWER BALL dumps Illinois……

    Jun 15, 2017 15:49 PM

    Putin Offers Asylum To “Leaker” Comey

    “It looks weird when the chief of a security agency records his conversation with the commander-in-chief and then hands it over to media via his friend,” Putin was quoted by Russia’s Tass. “This is strange. How then is the director of the FBI any different from Snowden?”

    http://www.zerohedge.com/news/2017-06-15/putin-offers-asylum-leaker-comey

      Jun 15, 2017 15:05 PM

      Insane asylum for comey and mueller………

    Jun 15, 2017 15:02 PM

    TRUMP on the Tweeter………Hilly is going to get hers…….bleach and hammer…..

      Jun 15, 2017 15:02 PM

      Pedogate next……

        Jun 15, 2017 15:13 PM

        Whip shot……going after people

          Jun 15, 2017 15:15 PM

          Miami attorneys not safe in Wasserman district……..

    Jun 15, 2017 15:11 PM

    DoJ……investigating Booz Allen NSA contractor…….hey where’s the money…. 🙂

    Jun 15, 2017 15:08 PM

    Gold and silver in their usual Thursday after the fed bs………….

      Jun 15, 2017 15:26 PM

      Wake me up when silver is at $22

    Jun 15, 2017 15:01 PM

    Really enjoy Vic’s experienced perspective.

    Jun 15, 2017 15:07 PM

    Vic Sperandeo mentioned the 95 million “Not In The Labor Force”. Most of them are not looking for work because they do not want a job. And why do they not want a job? Because many of them are retired, or they attend high school or college, or they stay at home to take care of a family, or they are either permanently or temporarily disabled or have an illness. Many of them are not unemployed workers who have not had a job in a year and are no longer looking for a job as Vic Sperandeo and others mistakenly think.

    https://www.bls.gov/opub/btn/volume-4/people-who-are-not-in-the-labor-force-why-arent-they-working.htm

    And many people that are “Not In The Labor Force” have never been counted as being unemployed in the past nor should they be counted as being unemployed today when calculating the unemployment rate. David Stockman however makes this mistake. He says that the unemployment rate is 42% because he wrongly counts retired persons, school students etc… as being unemployed.

    Also the U-3 unemployment rate of 4.3% and the U-6 unemployment rate of 8.4% are correct according to John Williams of ShadowStats. The U-6 unemployment rate, which is the broadest measure of unemployment, includes all unemployed people who are in the labor force. However what the U-6 number does not include are those people who are long-term discouraged workers. These are people who have not worked in a year and are no longer looking but would like a job. They are not included in the labor force even though they should be since short-term discouraged workers are included. Instead long-term discouraged workers are included in the “Not In The Labor Force” category which includes retired persons as well as school students, housewives and disabled persons.

    So really the only thing that seems to be debatable is how many of the 95 million “Not In The Labor Force” are really unemployed persons. This number is at least 5 million, who according to the BLS, say they want a job.

    So even just using the government’s numbers the unemployment rate is at least 12%. However John Williams says the current unemployment rate is 22% which is based on the U-6 unemployment rate plus his estimate of long-term discouraged workers.

    Jun 16, 2017 16:38 AM

    The Rising Movement Against Soros

    In Hungary, NGOs (non-governmental organizations) will have to be registered in court and their foreign donors will be disclosed.

    There are a lot of people up in arms over this. But there is a serious problem of organization such as that of George Soros trying to fund revolutions and government subversion movements. There have been foreign fundings of civil unrest in the United States against Trump. Obama funded activists in Canada to overthrow the conservatives. Clinton help Tony Blair and the Labour Party beat John Major, and we certainly cannot forget all the screaming about Russian interference in the 2016 election that defeated Hillary.

    https://www.armstrongeconomics.com/international-news/rule-of-law/the-rising-movement-against-soros/