Jim Sinclair’s Commentary

A deeper look into the "misleading" job figure (MSNBC).

A depraved society lives in a sea of lies. Its heroes are those that lie and steal successfully. This is called the “Ocean of Samsara."

The Society of Lanka was saintly compared to what we must move through as we seek a better world.

Sodom and Gomorrah were kindergarten for the post grades we now have in the financial world.

Stay strong. To survive this, hold firmly to your beliefs and stay on the high road.

A deeper look behind the jobless numbers
Despite the upbeat report, long-term unemployment worsens
updated 7:18 p.m. ET, Fri., Dec . 4, 2009

WASHINGTON – Within the vast pool of 15.4 million unemployed workers, a split is emerging: The number of long-term jobless — those out of work six months or longer — is growing, while the number of short-term unemployed is declining.

The trend highlights a considerable challenge for the economy and policymakers: finding a way for the millions of Americans laid off last fall and early this year to get back to work.

The data, buried in Friday’s unemployment report, are stark: The number of Americans out of work for 27 weeks or more reached 5.9 million last month, the most on records dating from 1948. That’s 18 percent more than just three months ago, when the total was just below 5 million.

The tally of those out of work for 14 weeks or less, however, has dropped to 6.3 million from 7.1 million in August, a decline of about 11 percent.

Looking at it another way, the long-term jobless now make up 38.3 percent of the unemployed population, not that far from the 41.1 percent accounted for by those out of work for 14 weeks or less. (The rest are in the 15-to-26 weeks bracket.)

More…

Jim Sinclair’s Commentary

The Japanese rumor takes a Bloomberg stage.

I would say that is smoke so there may be fire.

U.S. Treasuries’ Biggest Overseas Buyer May Sell
By David Wilson

Dec. 4 (Bloomberg) — Speculation that the Japanese government plans to sell $100 billion of U.S. Treasury debt to pay for domestic spending may impede the Obama administration’s borrowing plans.

Japan has been this year’s biggest buyer of Treasuries, which means it has done more to help finance the widening U.S. budget deficit than any other country. Its holdings have risen by $125.5 billion, according to data compiled by the Treasury. The comparable figure for China, which surpassed Japan last year as the largest international investor in the securities, is $71.5 billion — 43 percent lower.

The CHART OF THE DAY shows this year’s total holdings of the two countries in the top panel and tracks the gap between them in the bottom panel.

Japan will inform the U.S. about the possible $100 billion sale, according to a Market News International report yesterday that cited “rumors” from unnamed sources.

“There’s absolutely no such proposal right now,” Chief Cabinet Secretary Hirofumi Hirano told reporters today in Tokyo. “That kind of talk often surfaces at this season.”

More…