service sector
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2/3/11 Midnight Report: Bernanke Says Everything is A-OK (Other than Employment, Non-Core Inflation, and Anything Else That Makes a Healthy Economy)
The market closed up again today as Ben Bernanke let the National Press Club know that either the economy is fucked, or it isn’t (Money McBags is still trying to decipher Benny B’s speech but as “blowhard” is what Money McBags’ considers a command and not a language, it may take some time), protests in…
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11/3/10 Midnight Report: What’s Black and White and Red all Over? Who the Fuck Cares, QE2 is Here
What do we get for $900B? Every-ting you want. Everything? Every-ting. So sock it to Bernanke because with QE2 the dollar got so thorny as the Fed loves printing money for a long time (note to any reader not brought up on bad rap music, this will make the prior reference marginally funny, it will…
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9/3/10 Midafternoon Report: Inconceivable! Money McBags does not think jobs report means what market thinks it means
Oh no you didn’t. The monthly jobs report came out today and destroyed analyst guesses of 41k private sector jobs created by coming in with a headline ~67k private sector jobs created, so break open the bubbly and call the Mrs. (or Mr. for Money McBags’ female, or vagina-challenged, readers) because with a report that…
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3/3/10 Midday Report: Service sector expands thus providing most valuable service: A rising market
The market is up again as the service industry grew more than forecast last month thanks to more people stopping off at McDonalds on their way to the unemployment office and then washing their sorrows away by watching touching interpretative dances at their local Rick’s Cabaret in order to warm the cockles of their jobless…
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2/3/10 Midafternoon Report: Market seeking direction like troubled teen in ABC afterschool special, though with less crying and less Meredith Baxter Birney
The market is mostly lower today despite some moderately postive macro reports (moderately positive in the way that learning you have syphilis is moderately more positive than learning you have nut cancer). The ISM said the service industry expanded in January for the first time in three months, which may be one reason RICK is…