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Forget Orwell And Rand, We’ve Gone To Full On Plato

zerohedge.com / by Thad Beversdorf / 11/22/2014 21:59 -0500

Lately, we hear a lot about Orwell’s “1984″ and Rand’s “Atlas Shrugged” but perhaps the best crystal ball to our current state of affairs is Plato’s Republic. You see both Rand and Orwell were describing a world outside of themselves. A world they couldn’t understand […]

Modern Slavery: It’s Not Just For Greek Teachers

zerohedge.com / by Tyler Durden on 11/17/2014 21:50

While forcing citizens to work for no money may appeal to European policy-makers as a solution to their youth unemployment problem (as we discussed here and here), it is a problem that covers a stunning 35.8 million people in the world who are classified as slaves, […]

More Good News for Employment

financialsense.com / by TOM MCCLELLAN / 11/14/2014

The data on the U.S. unemployment rate have been getting progressively better over recent months, either because of or in spite of the government’s efforts, depending on one’s viewpoint. And if this week’s chart is to be believed, then the data should continue to get better over […]

Italy’s Crazy New Economy from Hell

wolfstreet.com / by Wolf Richter / November 14, 2014

Italy is a country of entrepreneurs and of vibrant small enterprises. Or was. Now these businesses are dying.

Of its 5.3 million companies (as of December 31, 2013), 3.3 million are small, often family-owned outfits, according to Rome-based credit information provider Cerved Group. And another […]

Do You Believe In IMF Miracles? Greek Unemployment Edition

zerohedge.com / by Tyler Durden on 11/13/2014 19:18

Because nothing signals confidence like an IMF economic projection (as we have shown here, here, andhere most recently), we thought it worth pointing out the dramatically optimistic collapse of Greek unemployment that Lagarde’s top men (and women) are projecting for Greece…

IMF forcecasts greek joblessness to half […]

Why Janet Yellen Needs Her Own Magic Show

news.goldseek.com / By Dennis Miller via millersmoney.com / 11 November 2014

What do Siegfried and Roy have in common with Federal Reserve Chairman Janet Yellen?

Shortly after the Bureau of Labor Statistics released unemployment data last month showing that joblessness had dropped below 6% for the first time since the 2008 crash, the Federal […]

The Next Crash in 2016

bullionbullscanada.com / by Jeff Nielson / 10 November 2014 13:49

For the past two years (more or less) readers have read warnings that a horrific economic collapse is brewing across the Western world. It will be the final collapse for these regimes, as none of these economies will be able to survive this coming cataclysm […]

France’s “Winter of Discontent”

acting-man.com / Pater Tenebrarum / November 11, 2014

Anne-Elisabeth Moutet on France’s Sclerosis

French “refugee” Anne-Elisabeth Moutet – one of the many French citizens who have fled the economic paralysis of France for the welcoming shores of Albion and made London the sixth-largest French city in the process – has written another very interesting article […]

Greece Has Solved Its Unemployment Problem: Slavery

zerohedge.com / by Tyler Durden on 11/10/2014 19:49

On the heels of today’s dreadful, and very un-hockey-stick-like recovery, data on the Greek economy, it appears the government has found a solution to the various problems of joblessness and poor education. As KeepTalkingGreece reports, the Greek Education Ministry seek fill 1,100 job vacancies with […]

Great Graphic: Hours Worked per Week (1870-2000)

marctomarket.com / by Marc Chandler / November 10, 2014

This Great Graphic was tweeted by Ian Bremmer, but it comes from Max Roser. It shows the work week, measured in hours going back to 1870 for several countries, including the US, German and Franc. The data only runs up to 2000. At the risk […]

John Williams’ Take On The October Unemployment Report: “The Economy Remains In Terrible Shape”

zerohedge.com / by Tyler Durden on 11/10/2014 11:40

When it comes to inflation data, there are two parallel sources: the BLS, and ShadowStats’ John Williams, who continues to plough through the underlying “data” using pre-pre-pre-revision protocols, and every month reveals a parallel universe in which something shocking is revealed: the truth. Here is his take […]

More Lies from “Our” Government: The Latest Jobs Report

paulcraigroberts.org / Paul Craig Roberts / November 10, 2014

Just as the German media has destroyed its credibility with lies, the US government is consistently destroying Washington’s credibility both with its own citizens and the rest of the world.

Russia and China, the other two significant nuclear powers, no longer believe anything Washington says or […]

Dollar: Beach Ball Action with Jobs Data

marctomarket.com / by Marc Chandler / November 7, 2014

US jobs data was largely in line with expectations, and the key take away is the divergence between the US on one hand and Europe and Japan on the other.

Non-farm payrolls rose 214k and the back two months were revised up by 31k, […]

France Stinks… Literally

zerohedge.com / by Tyler Durden / 11/07/2014 09:40 -0500

Having promised that he would not run again if unemployment rates remain high, French President Francois Hollande faces not just record low approval ratings but feces-flinging-farmers. In a show of protest against expressing their anger at collapsing prices (due in part to sanctions against Russia), increased […]

Payrolls Friday – Lots of Volatility

traderdannorcini.blogspot.com / Dan Norcini / Friday, November 7, 2014

Payrolls number disappoints Wall Street could be the headline for today’s trading session. The always volatile number came in at +214K against expectations of a +233K. The rate of unemployment fell to 5.8% versus market expectations of 5.9%.

The numbers for September were adjusted upwards […]

It’s The Economy…And They’re Not Stupid

gold-eagle.com / Peter Schiff / November 6, 2014

The sharp rebuke to the Obama administration delivered by the mid-term elections should not be construed as an endorsement of the GOP, which remains as unpopular as ever. Rather, as has been the case in the last few election cycles, voter revolts have hinged on continued […]

US Adds 214K Jobs In October, Below Expectations, Unemployment Rate Drops To 5.8%

zerohedge.com / by Tyler Durden / 11/07/2014 08:37 -0500

Following the gross distortions of the ISM Services Employment index, which printed at a seasonally adjusted near record high, the whisper number for today’s NFP was well above the official consensus estimate of 235K. Instead what happened was, naturally, what nobody expected: a miss, with the […]

Youth Should Work For Free – Bank of Canada Recommends

armstrongeconomics.com / by Martin Armstrong / November 6, 2014

What is seriously being overlooked here around the world politically is we are dealing with a revolution of the youth as a consequence of the collapse in Marxism. Pictured above is Bank of Canada Governor Stephen Poloz who has amazingly stated that the rising unemployment […]

The Economy Of The Largest Superpower On The Planet Is Collapsing Right Now

theeconomiccollapseblog.com / By Michael Snyder / November 5th, 2014

How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any moment. You might think that I am talking […]

Thoughts On Prosperity In America

zerohedge.com / by Erico Tavares via Sinclair & Co. on 11/01/2014 09:53

Thoughts on Prosperity in America

With equity markets at all-time highs, does this mean that prosperity in the US is also at record levels?

The 1980s were a great time for many Americans. Jobs were plentiful. The civilian unemployment rate went from […]