If an employee sues an employer falsely, the employer has no recourse, because it could be interpreted as retaliation Ms. Pao lost not only on her discrimination claim, she also lost on claim that she was retaliated against The big problem is the reaction in the media The tone in the press is supportive to […]
Since When is Filing a Frivolous Lawsuit Heroic? – Ep. 66 Read More »
Pao v. Kleiner Perkins: there should be no damage even if there was discrimination The law against discrimination is unconstitutional Employees are free to discriminate – they can work for whomever they want Why should an employer then lose that right? Everyone should be free to deal with the consequences of their choices
The Truth About Gender-Based Discrimination Lawsuit – Ep 65 Read More »
Near 300 point drop in the Dow NASDAQ down 118 S&P down 30 points $1.50 gain in oil and oil stocks up No significant economic news that would trigger this move Dollar was not down much lower on day The 110 level is holding back the euro Expectations that the euro will roll over on
Is Bad Economic News Finally Weighing on Stocks? – Ep. 64 Read More »
Janet Yellen channels Billy Flynn? Last week the Fed Chairwoman treated us to a master class of rhetorical misdirection which produced some memorable examples of doublespeak, including the soon to be classic “Just because we removed the word ‘patient’ does not mean we’re going to be ‘impatient.”‘ But perhaps more surprising than her new heights
Give’Em the Old Razzle Dazzle Read More »
Bad economic news coming in is more a deluge than a trickle Dollar continuing to drift lower since “patience” was removed New Zealand Dollar record high against the euro and the Australian dollar New Zealand enjoys a strong currency, economic growth, low inflation and low unemployment Swiss franc had a strong day today Chicago Fed
Economy is Weakening But at Least the Cost of Living is Rising – Ep. 63 Read More »
The Fed removed the word “patience” from their statement while promising patience We are likely to see weaker employment numbers, further delaying talk of rate hikes Pundits who failed to foresee the 2008 crisis are now saying the “problem is solved” because they do not understand the problem The problem is worse now than ever
Are Forex Markets Finally Calling the Fed’s Bluff? – Ep. 62 Read More »
The Fed released long-awaited FOMC official statement Indicating they will be more patient without the word “patient” than when they were officially patient Why take the word away in the first place? The Fed wants to appear to be moving closer to a destination to which it has no intention of arriving The Fed is
Losing “Patience” Does Not Mean the Fed has Lost Patience Read More »
For tomorrow’s much anticipated Fed announcement, please consider a talk with Peter Schiff, the CEO of Euro Pacific Capital, www.europac.com. In short, he believes that there is far too much being made about the inclusion or deletion of a single word. See his quick statement below. Please feel free to excerpt from the statement or
Peter Schiff Available for Comment on Tomorrow’s Fed Statement Read More »
The Foreign exchange markets continue to ignore the darkening U.S. economic picture Dollar had best two-week gain since the financial crisis of 2008 Market exuberance based solely on the jobs report which is an outlier among all other negative news Why aren’t the jobs numbers being questioned? We have had three consecutive months of declining
Dollar Strength Defies U.S. Economic and Stock Market Weakness – Ep. 61 Read More »
The NASDAQ 5,000 party ended nearly the day it began NASDAQ down more than 80 points Dow Jones down 332 points Outside reversal week a reliable pattern signaling a downturn The market believes optimistic non-farm payrolls will trigger Fed rate hike Dollar hitting new highs Janet Yellen is the victim of too much success, allowing
Markets, Rate Hikes, and Student Loans – Ep. 60 Read More »