armstrongeconomics.com / by Martin Armstrong / August 29, 2014
Merkel is under serious pressure from two fronts. The sanctions against Russia are having a major impact upon the European economy as a whole. This has caused Merkel to bluntly state that the US cannot solve all the problems of the world. Indeed, what she [...]
gold-eagle.com / By Roxanne Lewis / August 27, 2014
Karl Marx once said, “Hegel remarked somewhere that all great, world-historical facts and personages occur, as it were, twice. He forgot to add: the first time as tragedy, the second as farce!”
Georg Hegel was a German idealist and philosopher and [...]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, AUGUST 26, 2014
There’s only one small problem with relying on artifice: we haven’t actually fixed what’s broken in the real world.
As I noted yesterday, we now game dysfunctional systems rather than actually repair them. Rather than fix the dysfunctional system of higher [...]
acting-man.com / By Pater Tenebrarum / August 26, 2014
Montebourg Gives a Speech – to Unexpected Effect
It all started harmless enough. The economically illiterate French “industrial renewal” minister Arnaud Mounteba…sorry, Montebourg, delivered one of his usual fiery addresses on the alleged evils of non-existent “austerity” imposed by the stingy and small-minded [...]
bullionbullscanada.com / By Jeff Nielson / 23 August 2014 12:59
Regular readers are used to seeing various myths of propaganda debunked within these commentaries. However (until now) one of the most-insidious – and thus most-important – constructs of propaganda has not been addressed: the supposed “New World Order”.
The immediate and [...]
goldsilverworlds.com / by Michael Mansour / August 26, 2014
Ms. Yellen clarified the Federal Reserve’s most recent FOMC meeting minutes, as it did not divulge into the finer details underlying their decisions to keep their policy rate at 0-0.25%. They are maintaining accommodative monetary policy because the labor conditions are so nuanced, they cannot [...]
armstrongeconomics.com / Martin Armstrong / August 25, 2014
The latest polls now show that more than 80 percent of French people do not believe that the government of President Hollande can advance the country’s economy. For the future, citizens expect high deficits, economic stagnation and record unemployment. The policies of Hollande and his [...]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / SUNDAY, AUGUST 24, 2014
The Status Quo is desperate to mask the declining fortunes of those who earn income from work, and the Misery Index 2.0 strips away the phony facade of bogus unemployment and inflation numbers.
The classic Misery Index is the sum of unemployment [...]
blog.milesfranklin.com / Andrew Hoffman / August 22nd, 2014
On his weekly podcast, Andy Hoffman discusses Ukraine, the U.S. economy, Japanese Yen collapsing, July 30th FOMC meeting minutes, unemployment, retail sales and the upcoming Jackson Hole meeting.
goldmoney.com / By Alasdair Macleod / 22 August 2014
Gold drifted lower this week, with the price undermined by lack of interest on low volume and a slightly more hawkish tone in the FOMC minutes released on Wednesday. The chart below, of gold and open interest on Comex, shows how the price has declined [...]
zerohedge.com / Via Goldman’s Jan Hatzius / 08/20/2014 15:31
BOTTOM LINE: The July FOMC minutes generally had a slightly hawkish tone, emphasizing that labor market slack had improved faster than expected and that the labor market was now closer to what might be considered normal in the longer run. Separately, there was [...]
washingtonsblog.com / August 15, 2014
It’s a Little Misleading to JUST Call This a Depression. It’s WORSE than That”
The Washington Post’s Wonkblog reports:
Europe hasn’t recovered, because it hasn’t let itself. Too much fiscal austerity and too little monetary stimulus have, instead, put it more than halfway to a lost decade that’s already [...]
zerohedge.com / by Tyler Durden / 08/15/2014 10:01
Unpossible! With stocks at record highs and unemployment plunging (according to the government’s data and talking heads), how is it possible that University of Michigan Consumer Confidence has collapsed to its lowest since November, missing extrapolated expectations by the most since 2006? We suspect you know [...]
zerohedge.com / by Tyler Durden on 08/13/2014 16:33
First it was the Fed’s unemployment rate target. This was quickly ignored and forgotten – just as we predicted would happen in December 2012 – when the unemployment rate “hit and beat” the Fed’s target, even as the Fed’s Russell 200,000 target was [...]
marctomarket.com / by Marc Chandler / August 13, 2014
Today will likely prove to be the most eventful of the week. It has already featured Q2 Japanese GDP, a slew of Chinese data, euro zone industrial output and UK employment and the BOE’s quarterly inflation report. Still to come are US retail sales and [...]
blog.milesfranklin.com / Andrew Hoffman / August 12th, 2014
Andy Hoffman interviews with Dr. Dan Schultz with Counter Culture Radio to discuss the fiat currency system, increased money printing, home ownership and mortgage applications at all-time low, retail sales are down, stock market overbought and unemployment numbers, gold and silver. To listen to the interview, please [...]
zerohedge.com / by Tyler Durden / 08/12/2014 10:48
Now that even the Fed has admitted the BLS’ nonfarm payroll and unemployment rate are meaningless due to the “noise” from a record number of workers dropping out of the labor force, Janet Yellen is left with one fallback “favorite” indicator, the JOLTS survey (Job Openings [...]
zerohedge.com / by Tyler Durden / 08/07/2014 07:10 -0400
There were some minor fireworks in the overnight session following the worst Australian unemployment data in 12 years reported previously (and which sent the AUD crashing), most notably news that the Japanese Pension Fund would throw more pensioner money away by boosting the [...]
zerohedge.com / by Tyler Durden on 08/06/2014 21:59
But… China’s manufacturing PMIs said everything’s great in the mal-investment capital of the world? It appears for all the record credit creation in China, none of it is spilling over into demand from its closest trading partners. Australian unemployment spiked to 6.4% – its highest since [...]
mybudget360.com / by mybudget360 / August 5, 2014
The unemployment rate is looking much better than it should because we have a very large number of Americans that have dropped out of the labor force. How many? In the last 10 years 16.2 million Americans have dropped out of the labor force. The [...]
zerohedge.com / by Tyler Durden / 08/06/2014 06:38 -0400
Goodbye European recovery, we hardly knew you.
It must have come as a huge shock to all hypnotized lemmings aka “sophisticated investors” who have been following the manipulated, artificial yields in the Italian 10Y relentlessly declining and thus suggesting at least some [...]
blog.milesfranklin.com / Bill Holter / August 4th, 2014
I think that it is becoming very clear that we are headed over a cliff in every way imaginable. All you need to do is look around, we are at the edge economically, financially, socially, geopolitically and morally. Let me help you “look around” at [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / August 01, 2014 10:11 AM
Counting the upwardly revised 298,000 nonfarm payroll report in June (originally reported as 288,000), this was a decent report.
Yet, digging into the details, the household survey showed a gain in employment of only 131,000. Thus, for the second consecutive [...]
marctomarket.com / by Marc Chandler / August 1, 2014
The US employment data was disappointing. The short-term market had been leaning the wrong way. The recent data had fanned hopes that the labor market was accelerating, but today’s data suggest the pace of improvement has not changed.
It is the sixth month that net [...]
zerohedge.com / by Tyler Durden / 08/01/2014 08:37 -0400
If today’s market desperately needed some bad news, it got it moments ago when the July payrolls printed at 209K, below the 230K expected, and far below the June upward revised 298K (was 288K). But is the momentum slowing enough to force the Fed to push [...]
investmentwatchblog.com / July 31st, 2014
Stocks are down across Europe.
Britain’s FTSE is down 0.2%.
France’s CAC 40 is down 0.7%.
Germany’s DAX is down 1.0%.
Spain’s IBEX is down 1.6%.
This comes in the wake of new inflation and unemployment data.
Silver holding at $20.50 prior to the FOMC release
silverdoctors.com / From the FOMC / JULY 30, 2014
Fed tapers another $10 billion/month beginning in August Admitted QE down to $30 billion/month We await the inevitable gold & silver futures smash…
Full FOMC statement is below:
From the FOMC:
FOR IMMEDIATE [...]
zerohedge.com / by Tyler Durden on 07/28/2014 19:46
Against an forecast drop to 3.5% joblessness, Japan’s unemployment rate missed expectations by the most in 10 months and surged to 3.7% (its highest since Dec 2013). That likely explains why household spending and retail sales both dropped for the 3rd month in a row… (and [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / July 25, 2014
The grim economic news from France keeps piling up. Today, Europe Online reports Number of Unemployed in France Hits New High.
The number of unemployed people in France has hit a new high as the country grapples with the fallout of the [...]