The number of planned layoffs at U.S. firms rose slightly in September, though it was the second lowest level of the year, a report on Wednesday said.
While we could conceivably chop sideways for awhile, it is also possibly we could turn to the upside (more layoffs) from an extreme reading.
Challenger, Grey, and Christmas Announced Layoffs (ALO) And YOY Change:
Expect that "bounce" (surge in layoffs) coincide with a major cycle in 2012.
Average Weekly Initial Claims State Unemployment (AWIC) And YOY Change:
As I watch the economic setups, I cannot help but think of statement made by Jimmy Rogers,
Markets Soaring "But the World Is Worse Off," Jimmy Rogers says
Rogers is right. Nothing has changed. While the markets are soaring as expected, it comes with a price of cost-push or currency-induced inflation. The average American simply does not have enough exposure or "hedges" in place to endure the consequences of a devaluation strategy.
Source: reuters.com
Source: finance.yahoo.com
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