June jobs swoon: America’s Labor Market Depression Continues

Take a look at Pethokoukis’s chart:

Weisenthal obviously loves this indicator, and I have to admit it tracks very well with the performance of the S&P 500. I would like to see more than 5 years of history. Read the article here.

According to Lebron, the team will be nothing if not fast. The 12 man roster is out. See who is on it here.

Are the latest blackouts a sign of things to come?

Customers chafe at rising utility bills, but the energy industry warns that the alternative is even scarier: Unless $673 billion is invested in the system, it could break down by 2020, according to an American Society of Civil Engineers report released in April.

Read the article here.

I seldom agree with Robert Reich, but I believe he is on target with this piece. Read the article here.

Capitalism is in crisis across the globe – but what on earth is the alternative? Well, what about the musings of a certain 19th-century German philosopher? Yes, Karl Marx is going mainstream – and goodness knows where it will end…

Read the article here.

A tiny amendment buried in the federal transportation bill to be signed today by President Barack Obama will put operators of roll-your-own cigarette operations in Las Vegas and nationwide out of business at midnight.

Read the article here.

http://www.youtube.com/watch?v=NE7GbcsS5E8&feature=player_embedded

The actual video of the man threatening to eat the officers and screaming “FOUR” and “Tupac” can be found at the bottom of this site.

A huge development happened in the world of economic chart-making today. FRED, the brilliant economics data and charts site that’s run by the St. Louis Federal reserve, has finally added gold prices to the database.

A good article explaining both what volatility means, what it is, and how it is measured.

Read the article here.

This is a big deal. Remember that JP Morgan scandal a few months back? That was mostly JP Morgan hurting itself. The LIBOR scandal was Barclay’s making money by hurting you.

Read the article here.

Read about the number 6 of the top ten investor error, here.

Read about the the Rebelmouse startup here.

The range of estimates of the 23 economists surveyed by Business Insider is for a gain between 70,000 and 135,000. The Business Insider median projection is for a 100,000 increase in net payrolls.

We rounded up the top U.S. economists’ predictions

Read the predictions here.

Vix and More is out with a great analysis of the recent corn rally in relation to previous corn rallies over the last 20 years.

In other words, this could be just the beginning of a huge move in corn prices, particularly given that the price move of the last month or so comes on top of a much higher base.

Read the article here.

NEW YORK (Reuters) – As millions of Americans celebrate Independence Day on Wednesday, there are some whose holiday won’t be going off with a bang.

One of America’s top fireworks firms said the industry, still suffering due to the nation’s economic woes, is experiencing its toughest times since the Vietnam War era when the country was divided over such flashy displays of patriotism.

Read the rest here.

Via TheOtherMcCain

Either Paul Krugman is an idiot, or he believes you are an idiot, or perhaps both. Here is another instance of the Krugmaniac receiving an old fashioned internets beat down.

Read the article here.

And by ridiculous, he means cheap.

Value-meister Cooperman seeking out overlooked stocks; plenty to choose from right now.

Read the article here.

CoreLogic has released their house price index for May. Bill McBride presents the analysis and graphs here.