Productivity at 9.4% increasese and why this is ominous.
As Roach and others and me:) have argued that the productivity figure is a total myth, it is just more BS.
That via laptops, cell phones yada yada, service workers are working FAR FAR more than the mythical productivity number implies.
Flashback Japan, during Japanese Boom they were the most productive country in the world for work per week and output, but this 2 was a myth as the workers were working off the clock also and the japanese were being actually worked to the max.
Working exhaustion came in, and Japanese productivity commenced to drop.
This 9.4% productivity is via SWEAT not the myth of that tech revolution let's workers produce far more in the same amount of time.
Back to Japan, at the productivity height middleaged successful men started to commit suicide at rates way above norm.
Investigation pointed to simply 'all work and no play makes Johnnyama severely depressed.'
Syl if we blow past your 1090 on SPX it will in no way FOR ME say we are in a new BullMarket, but that we are in fact pushing relentlessly to the the eventual end of the BullMania that never ended.
But regards Newman on what does this do to our traditional TA, it screws it up unless one recognizes the mania NEVER ceased.
The figures presented back up that view strongly.
Saville also is presenting other striking data to prove the BULLMANIA never ceased, the bear market has not even started. gd
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