Exclusive Economy » EE Economist http://exclusiveeconomy.com Your Portal For Informal Analysis Tue, 17 May 2011 03:59:00 +0000 en hourly 1 http://wordpress.org/?v=3.1 Goldman Sachs Oil Warning Panics Investors http://exclusiveeconomy.com/2011/04/goldman-sachs-oil-warning-panics-investors/ http://exclusiveeconomy.com/2011/04/goldman-sachs-oil-warning-panics-investors/#comments Tue, 12 Apr 2011 19:24:06 +0000 EE Economist http://exclusiveeconomy.com/?p=1460 Goldman Sachs warning to investors on a “substantial pullback” in oil prices triggered a 3% drop today. Oil prices have risen 33% since mid February due to fears in supplies and production with unrest currently in the Middle East. OPEC reassured the market that they were compensating for any slowdown in productions of other nations in trouble.

Panic selling could take hold and drive prices back to $100 per barrel if prices hold near $106. Investors last week bought contracts at $107-$112. On the other hand prices at the pump continue to rise and are expected to break more records. We continue to support buying energy stocks, especially given the current market. Buy on peoples fears and sell on their optimism.

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Which industries are hiring? The leaders were:

  • Professional Services = 78,000 jobs
  • Health Care/ Social Services = 44,000 jobs
  • Leisure and Hospitality = 37,000 jobs

Who’s still cutting?

  • Public Sector = -14,000 in March

13.5 million People remain unemployed and the average length of unemployment is at a record 39 weeks

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We’re still holding below the 400k level, a signal that the job market is recovering, however at a slow rate.

The Department of Labor reports unemployment (initial claims) statistics as follows.

“n the week ending March 19, the advance figure for seasonally adjusted initial claims was 382,000, a decrease of 5,000 from the previous week’s revised figure of 387,000. The 4-week moving average was 385,250, a decrease of 1,500 from the previous week’s revised average of 386,750.”

Entering the 300 thousand level is a good sign in the job market. More data is need to determine if the labor market is recovering or stagnant.

 

Print]]> http://exclusiveeconomy.com/2011/03/weekly-initial-claims-statistics-319/feed/ 0 Bailout Profits http://exclusiveeconomy.com/2011/03/bailout-profits/ http://exclusiveeconomy.com/2011/03/bailout-profits/#comments Fri, 25 Mar 2011 06:42:12 +0000 EE Economist http://exclusiveeconomy.com/?p=1446 Tax payers are still in the red from the bailout money the government issued. However out of the $256 billion returned the government earned $56 billion in profits. $123 billion is still unpaid from the TARP and $133 billion from GSEs. Eventually all the bailout money will be returned but the question is how will the government capitalize and will the tax payers get a cut or anything.

Take a look at this charts, showing where the money is and the returns on investments.

Sources:
Behind Administration Spin: Bailout Still $123 Billion in the Red
Paul Kiel
ProPublica

http://www.propublica.org/article/behind-administration-spin-bailout-still-123-billion-in-the-red

The State of the Bailout

http://projects.propublica.org/bailout/main/summary

 

 

 

Print]]> http://exclusiveeconomy.com/2011/03/bailout-profits/feed/ 0 Microsoft History Timeline http://exclusiveeconomy.com/2011/03/microsoft-history-timeline/ http://exclusiveeconomy.com/2011/03/microsoft-history-timeline/#comments Tue, 15 Mar 2011 07:30:05 +0000 EE Economist http://exclusiveeconomy.com/?p=1428 For all you up right now here’s a midnight infograph from social media graphic, showing Microsoft’s product releases, yearly revenue and major milestones. Whats not surprising is Microsoft’s stock price which can be consider more as a saving account rather than an investment. The stock price is stagnant, it just won’t break and hold the 30 level. However, whats in impressive is their yearly revenues and profits. Microsoft is sitting on a reported $53 billion in cash reserves. So for anyone interested in a safe investment with small growth, I suggest investing in Microsoft stock.

Print]]> http://exclusiveeconomy.com/2011/03/microsoft-history-timeline/feed/ 0 Japan’s Markets Crash http://exclusiveeconomy.com/2011/03/japans-markets-crash/ http://exclusiveeconomy.com/2011/03/japans-markets-crash/#comments Mon, 14 Mar 2011 06:47:46 +0000 EE Economist http://exclusiveeconomy.com/?p=1414 After devastating double disasters (8.8 Earthquake and Tsunami) the Japanese stock market crashed today as investors absorb the impact to an already weak Japanese economy.

The Nikkei 225 index crashed over 6% as more and more reports came in about the massive damage to the infrastructure. Industrial, manufacturing financial stocks were hammered with investors worried about the amount of recovery time needed. Production has nearly halted with concerns of continued blackouts and aftershocks.

Japan’s central bank pledged 15 trillion yen ($184 billion) to pump the economy and support the reconstruction of the country.

It’s likely the Japanese market will remain bearish this week as investors reassess their holdings. Their will be a lot of bargains, so if you have cash on hand you will be able to pick up some good companies at discounted prices.

 

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We’re still holding below the 400k level, a signal that the job market is recovering, however at a slow rate. Sidenote, for all our California readers, your state’s unemployment is projected to remain in double digits till 2013.

The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending March 5, the advance figure for seasonally adjusted initial claims was 397,000, an increase of 26,000 from the previous week’s revised figure of 371,000. The 4-week moving average was 392,250, an increase of 3,000 from the previous week’s revised average of 389,250.”

Entering the 300 thousand level is a good sign in the job market. More data is need to determine if the labor market is recovering or stagnant.

Print]]> http://exclusiveeconomy.com/2011/03/weekly-initial-claims-statistics-35/feed/ 0 Top 15 World’s Largest Oil Reserves http://exclusiveeconomy.com/2011/03/top-15-world-oil-reserves/ http://exclusiveeconomy.com/2011/03/top-15-world-oil-reserves/#comments Thu, 10 Mar 2011 07:15:29 +0000 EE Economist http://exclusiveeconomy.com/?p=1351

 

 

 

 

 

 

Below is a table ranking the top 15 countries by proven oil reserves. The U.S. government estimates the world reserves totaling 1.35 trillion barrels.

Rank Country Oil Reserves Production Consumption
1. Saudi Arabia 260 billion barrels 9.76 million barrels 2.43 million barrels
2. Canada 175.2 billion barrels 3.29 million barrels 2.15 million barrels
3. Iran 137.6 billion barrels 4.18 million barrels 1.69 million barrels
4. Iraq 115 billion barrels 2.4 million barrels 636,000 barrels
5. Kuwait 101.5 billion barrels 2.5 million barrels 372,000 barrels
6. Venezuela 99.4 billion barrels 2.47 million barrels 723,000 barrels
7. United Arab Emirates 97.8 billion barrels 2.79 million barrels 492,000 barrels
8. Russia 60 billion barrels 9.93 million barrels 2.74 million barrels
9. Libya 44.3 billion barrels 1.79 million barrels 264,000 barrels
10. Nigeria 37.2 billion barrels 2.21 million barrels 272,000 barrels
11. Kazakhstan 30 billion barrels 1.54 million barrels 241,000 barrels
12. Qatar 25.4 billion barrels 1.21 million barrels 147,000 barrels
13. China 19.2 billion barrels 9.14 million barrels 18.81 million barrels
14. United States 19.2 billion barrels 9.14 million barrels 18.81 million barrels
15. Brazil 11.65 billion barrels 2.57 million barrels 2.52 million barrels

Source: http://www.eia.doe.gov/

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AMR has been hammered for the year down close to 30%, currently at $6.56 -0.18 (-2.67%). American Airlines lost an estimated $50 million in revenue due to the cancellation of over 8,000 flights during storms across the U.S.

American plans to phase out their fleet of MD-80’s with the newer and larger Boeing 737-800’s that are 35% more fuel efficient. Luckily for American they were able to hedge 35% of their estimated fuel consumption for 2011 at $2.52 a gallon. Currently the cost of one gallon of fuel is $2.83, up almost 40% from 2010.

Print]]> http://exclusiveeconomy.com/2011/03/american-airlines-slows-growth-for-2011/feed/ 0 Weekly Initial Claims Statistics (2/19) http://exclusiveeconomy.com/2011/02/weekly-initial-claims-statistics-219/ http://exclusiveeconomy.com/2011/02/weekly-initial-claims-statistics-219/#comments Fri, 25 Feb 2011 07:47:46 +0000 EE Economist http://exclusiveeconomy.com/?p=1338

The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending Feb. 19, the advance figure for seasonally adjusted initial claims was 391,000, a decrease of 22,000 from the previous week’s revised figure of 413,000. The 4-week moving average was 402,000, a decrease of 16,500 from the previous week’s revised average of 418,500.”

Entering the 300 thousand level is a good sign in the job market. More data is need to determine if the labor market is recovering or stagnant.

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