Apr 2, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions


Detailed Look At The U.S. Non-Farm Payrolls For March 2010

Posted: 02 Apr 2010 09:55 AM PDT

The widely anticipated April Unemployment Report covering the month of March was just released. Let’s dive right in and take a look at the numbers . . .

I. UNEMPLOYMENT RATE
December: 10%
January: 10%
February: 10.1%
March: 9.7%
- April Consensus Expectation: 9.7 %
- April Actual: 9.7%

>> LD’s comments: as expected. More people who had given up looking for work have now reentered the labor force. This trend will keep pressure on the rate. The U-6, that is the … [visit site to read more]


Will America Be Suffocated By Its Own Debt?

Posted: 02 Apr 2010 09:01 AM PDT

Is America getting in too deep?

According to a new estimate by the Congressional Budget Office (CBO), if the United States continues along its current path, U.S. public debt will reach 90% of the nation’s economic output by 2020.

Given that federal debt has already zoomed to 53% of gross domestic product (GDP), this projected additional escalation seems outrageous.

Unfortunately, it’s only a piece of the story.

U.S. President Barack Obama’s Fiscal 2011 budget will generate nearly … [visit site to read more]


Mutual Funds: Top 5 John Hancock Funds

Posted: 02 Apr 2010 08:49 AM PDT

With more than $233.1 billion in funds under management, John Hancock Financial Services is one of the largest investment management firms in the U.S. Founded in 1863, John Hancock enjoys high awareness among domestic consumers as a financial services brand. The company offers a wide range of insurance and investment related products and services to its customers. It offers many specialty funds focusing on industries such as timber and agriculture.
Below we will share with you 5 top rated … [visit site to read more]


Mutual Funds: Top 5 Diversified Bond Funds

Posted: 02 Apr 2010 08:32 AM PDT

When the need for a regular income stream takes precedence over appreciation of capital, investors generally choose bonds over stocks. Mutual funds provide a convenient and affordable method of investing in bonds. This is because the cost of holding a set of individual bonds is considerably higher. Diversified bond funds further reduce the risk associated with such instruments by holding securities across classes and sectors. Thus, any negative fluctuation in a specific sector has only a … [visit site to read more]


No Jobs Recovery

Posted: 02 Apr 2010 08:26 AM PDT

The US economy added 162,000 jobs in March. Great news until you look more closely. In March, the federal government began hiring census takers big time. These are six-month temp jobs, and they tell us nothing about underlying trends in the labor market. It's hard to gauge precisely how many were hired — probably between 100,000 and 140,000. A million will need to be hired over the next few months. Subtract these, and today's job numbers are nothing to write home about.
There are some … [visit site to read more]


A Few IPad Shortcomings That Could Hit Apple’s Bottom Line

Posted: 02 Apr 2010 08:10 AM PDT

Step aside Easter eggs and chocolate bunnies.
The Apple (NASDAQ:AAPL) iPad hits the market this weekend. And it's generating a lot of excitement… perhaps even more so than sugar-coated marshmallows shaped like baby chicks. Some estimates even put pre-orders alone in the hundreds of thousands.
However many fly off the shelves on Saturday, its launch marks the birth of a new computing category. With that said, we might not know these mid-sized devices' real potential for months if not … [visit site to read more]


The Long And Short Of The Great Correction

Posted: 01 Apr 2010 03:25 PM PDT

- Fire discovered! Researchers in France think they have identified the site where fire was first discovered.  Carbon dating puts the discovery much earlier than previously thought.  But here's the big surprise…it was not modern humans who discovered fire.  More below…
Our beat here at the Daily Reckoning isn't combustion, it's money.  We keep our eyes on the money.
Trouble is, in this electronic age we can't see the money!   It passes from central bank … [visit site to read more]


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