– JPM Head Quant Is Back With New Warning: “Only Half The Selling Is Done; Expect More Downside” (ZeroHedge, Sept 3, 2015):
“… we estimate that only about half (or slightly more than half) of total technical selling was completed to-date (mostly completed by VT funds, half by CTAs, and a smaller fraction by RPs). We estimate that a further ~$100bn of selling remains to be completed over the next 1-3 weeks. As a result, we expect elevated volatility and downside price risk to persist.”
…
According to this article, people like me are unusual…….I fell in love with economics at UC; it is the ultimate logic, totally pragmatic and amazingly interesting……I really feel people don’t know what they are missing when they run from a simple class in micro & macro economic theory……It is great!
http://www.zerohedge.com/news/2015-09-03/why-economics-matters
Now, the number is up to 94 million unemployed.
How does US media spin it?
“Jobless rate at lowest since 2008, we are at FULL Employment.”
Unemployment rate dropped to 5.1%
Full employment, time for the FED to raise rates…….
“US economy is mending, what is happening in Europe isn’t that important to US economy.”
http://www.zerohedge.com/news/2015-09-04/record-94-million-americans-not-labor-force-participation-rate-lowest-1977