Jobs Report Overwhelmingly Positive, But…

Peter's Commentary: Friday's job report was overwhelmingly positive for the US economy. Employment in January increased by 257,000. And not only that, but November's figures were revised upward from 353,000 to 423,000. Which is the largest monthly gain in over 4 1/2 years. December's employment figures were also revised upward from 252,000 to 329,000. Safe havens for money flows … [Read more...]

Schlumberger Fires 9000; Baker Hughes 7000

As predicted in a previous post here, America's oil industry is laying off thousands and thousands of workers. From ZeroHedge, Tyler Durden, January 20, 2014: Another day, another unambiguously bad announcement from America's battered energy sector which is bolting down ahead of the crude storm, and firing thousands. Last week it was Schlumberger which announced it would fire 9000, … [Read more...]