zerohedge.com / by James H. Kustler of Kunstler.com / 08/18/2014 19:24
Of all the awful tensions roiling and coiling in American society, it’s only a little bit surprising that the racial module is blowing off now rather than, say, the stock market. Perhaps it’s a seasonal thing: race riots in the summer; stock market crashes in the fall, revolutions in the spring.
Michael Brown, the 18-year-old shooting victim of a cop-stop in Ferguson, Missouri, was not the best candidate for martyrdom. But it was only after the violent protests to his killing got underway that his convenience store robbery videotape went public – despite attempts by the US Department of Justice to suppress it – and by then it was too late to stop the juggernaut of grievance. Meanwhile, the white condescension machine (The New York Times, The Huffington Post, et. al.) revved into top gear to validate the fears and resentments of the rioters.
The casual observer from Mars might have trouble finding the reality in this welter of bad feeling. A toxicology report should have accompanied the second autopsy report, and shed a little light, but apparently no one has asked for it yet — notably the leading news media. 18-year-old young men are not known for having great judgment or impulse control even when not high.
kingworldnews.com / August 18, 2014
With continued uncertainty in major markets, today James Turk spoke with King World News about what the central planners fear most in the gold and silver markets. Turk also discussed why the price of both metals is now set to explode higher.
Turk: “We are in the middle of the summer doldrums, Eric. The news last week about Ukraine attacking Russian troops did cause a swift reaction in precious metal prices, but that has not had any lasting effect. The central planners have managed to keep the precious metals contained, which is the point I would like to discuss.
There are two types of gold and silver buyers….
Continue reading the James Turk interview below…
X22Report, Published on Aug 18, 2014
UK home prices are imploding. Unemployment is rising in 30 states. A third in the US have no retirement funds. Fannie and Freddie Mac lowered housing expectations because it lost its momentum from the 1st quarter, translation housing is imploding. Ferguson is exploding with more riots, the National Guard has been called in. The central bankers agenda for the US people, martial law. Ukraine has signed a new law that the police can you force on those they believe might be a terrorist. Syrian free army calling for airstrikes in Syria. The Islamic State planning to push agenda through the middle east into Africa. Ebola running wild in Africa.
zerohedge.com / by Tyler Durden on 08/18/2014 19:45
It’s never different this time…
blog.milesfranklin.com / Andrew Hoffman / August 18th, 2014
From 1999-2002, my oilfield service research team at Salomon Smith Barney was ranked by Institutional Investor magazine as one of the best in the industry. For fundamental analysts, this is the equivalent of an Academy Award; and trust me, we earned it! Back then, financial markets were for all intents and purposes, freely-traded; with few exceptions like precious metals of course. Then again, even PMs weren’t controlled that much back then, as TPTB did not yet fear their message.
Anyhow, the reason we were recognized was simply, we were good analysts. In other words, we did our homework detecting trends others either missed. Sadly, rigged markets became a reality circa 9/11 – becoming so obvious in the ensuing years, that by 2005 I left Wall Street for good. Unfortunately, my initial instinct was to work for mining companies (in investor relations); but rather quickly, I realized mining shares were more rigged than all other sectors combined. Finally, I left the equity business entirely in 2011 (as well as mining share investments) to join Miles Franklin; where fortunately, fundamental analysis still has validity. You see while TPTB can short all the mining shares, ETFs, closed-end funds and other “paper PM investments” they want, they cannot fabricate physical gold and silver. In other words, “Economic Mother Nature” will not be denied no matter how hard manipulators try. I had been analyzing PM fundamentals for GATA since 2005 for free; and at Miles Franklin, was blessed to be given the opportunity to do so as well for a salary.
Today, we’re going to demonstrate how such analysis is performed, as pertains to the “market reaction” to Friday’s supposed Ukrainian attack on a Russian humanitarian convoy; which I deem supposedbecause as I write Sunday afternoon there is no proof it even occurred. Sort of like July 18th’s MH-17 airline disaster; which certainly occurred, but a month later, it has still not been proven whodid it or why. In both cases, the Miles Franklin Blog is not averring opinions as to the perpetrators or their agendas; but simply, discussing how markets traded around these “sixth sigma” events in light of our ongoing research on market manipulation.
libertyblitzkrieg.com / Michael Krieger / Aug 18, 2014
“Afterward, West went into the office, where his first meeting of the day was with Holder and James Cole, the deputy attorney general, in Holder’s conference room. Just as he was telling the two men about his call with Dimon, his cellphone rang. It was Dimon again. West took the call, pacing back and forth at the far end of the room. Dimon proposed a meeting on September 26 and assured him that the bank would come back with a significantly increased offer. West agreed to recommend that Holder postpone the filing of Wagner’s complaint and meet with Dimon. That was an unprecedented move. It’s not every day that the attorney general of the United States postpones the filing of a civil complaint against a powerful Wall Street bank at the request of its CEO so that the two sides can cut a deal in private. Whatever was in Wagner’s complaint, Jamie Dimon did not want it to become public knowledge.”
- From William Cohan’s excellent article, Jamie Dimon’s $13 Billion Secret
Those of us who have been following the outrageous, unaccountable theft and criminality of the banking industry for many years reacted in a similar manner to the announcement of a $13 settlement late last year between JP Morgan and the Department of Justice. The first thought that crossed our minds was “no criminal prosecutions, another settlement of course.” Then, once the reality of the size of the settlement sunk in, we couldn’t help but come to the conclusion that no organization is going to cough up $13 billion unless there is some serious criminality at play.
So with what appears to be obvious fraud on behalf of JP Morgan why did nobody go to jail?
zerohedge.com / by Tyler Durden on 08/18/2014 19:01
At first the rioting was only in the “sleepy” St. Louis suburb of Ferguson. Now, the angry crowds have moved on to downtown St. Louis where moments ago a group of angry protesters rallied at Kiener Plaza.
endoftheamericandream.com / By Michael Snyder on August 17th, 2014
If I had a cure for Ebola, I could never sell it to you. I don’t have a cure for Ebola of course, but even if I did I could never promote it. And if you have a cure for Ebola and you start promoting it on the Internet, men with guns could soon show up at your door. Unfortunately, I am not kidding. Even if you have made a discovery that could potentially save millions of lives, that will not earn you an ounce of mercy from the FDA. In fact, the FDA has just issued a statement that contains a chilling warning for anyone that is claiming that they know how to prevent or cure Ebola. And without a doubt, FDA bureaucrats are scouring the Internet right now for any sign of an Ebola cure or treatment. When they find one, they are likely to crack down very hard based on their history. So if you do have a cure for Ebola, you might want to be very, very careful. You could end up having men with automatic weapons conducting a military-style raid on your home when you least expect it.
I wish that things were not this way in America.
I wish that this nation was not being transformed into a Big Brother police state.
I wish that we could feel free to share information with one another without the fear of men with guns coming to our homes.
But the cold, hard reality of the matter is that this is 2014 and we live at a time when our government is being run by paranoid control freaks.
On August 14th, the FDA published a warning that is specifically targeted at those that are claiming to know how to prevent or cure Ebola. The following is an excerpt from that warning…
teapartyeconomist.com / by Gary North on August 18, 2014
This report appeared on the WND site.
Imagine uttering the words “pro-life” in your church and finding yourself targeted by an investigation from the feared and reviled Internal Revenue Service.
An expert on the First Amendment conflict between pastors and the federal agency, which says it is investigating speech delivered from pulpits, confirms that’s possible.
Daniel Blomberg, legal counsel for the Becket Fund, told WND a recent case brought by the Freedom From Religion Foundation against the IRS raises the prospect of investigations of pastoral speech.
FFRF demanded that the IRS investigate sermons, focusing on certain politically charged “code words.”
harveyorgan.blogspot.com / August 18, 2014
Gold closed down $6.80 at $1297.70 (comex to comex closing time ). Silver was up 11 cents at $19.60
In the access market tonight at 5:15 pm
GLD: today great news with a huge gain of 2.09 tonnes of gold inventory at the GLD (tonnage now 797.69 tonnes).
SLV : no change in inventory at the SLV
Right from the get-go gold and silver were hit Sunday night. However as the evening wore on, gold advanced only to be hit on several occasions as the bankers saw silver advance much to their chagrin. Thus at the end of the day despite gold being down, silver rose by 11 cents on the day. We had good news on the GLD front as demand even for paper gold seems to taking its toll on the bankers in London England. The SLV inventory remained constant.
At 1:30 we got news that the silver OI advanced again to almost 166,000 contracts against a low silver price of $20.60. As many of you know, my thesis is that the longs are really sovereign China holding these contracts through proxies and they are waiting patiently to pounce when the time is right. It is quite conceivable that China lent their hoard of stored silver knowing the crooked banksters will hit both metals, and thus providing a clear corridor for the Chinese to move western gold eastward.
Dave Kranzler talks about today’s manipulation:
Marjory Collins Gasoline rationing in Mechanicsville, Maryland Jul 1942
theautomaticearth.com / by Raúl Ilargi Meijer / August 18, 2014
When first we practise to deceive!
The upper echelons in and behind various governments have had on their radar far longer than the media that serve them, and I also realize that Washington wants a leading role in that battle, but even then I still don’t really get what is going on these days.
I think perhaps that’s because I tend to give the American political machine too much credit when it comes to intelligence and insight and other qualities its managerial staff doesn’t exactly seem to be drowning in. But still. I get the idea that most of what Washington does is based on what someone I read today calls ‘solution selling’, and what I know as ‘the completion backward principle’.
Both marketing terms mean you create a problem – a.k.a. a market – first, and then sell your products into the hole you just created. Perhaps that comes closest to what I see America doing these days, and if I’m right in that assessment, I can guarantee massive failure. Or maybe I should say massive warfare, which for me would be a failure, but not necessarily for the Pennsylvania Avenue apparatchiks.
The result is that stock markets keep rising, and oil prices keep falling, while the US actively involves itself in various hornets nests directly linked to various energy resources, involvements it doesn’t exactly have a stellar record in over the past 25 years- if not much longer -. Stocks are up only on central bank largesse, and oil is down only because people have faith in US military might. The latter is a big mistake all by itself, but both are for sure hugely risky notions, which tells me when a blow comes many investors will be taken off guard.
But let’s some other people talk. First, Ron Paul, that very rare sound voice:
zerohedge.com / by Tyler Durden on 08/18/2014 18:01
While most headlines are focused on the devastating drought in California, which by some measures is the worst on record, there is another ‘factor’ that has exploded to record highs – the heat. As Bloomberg reports, the California heat this year is like nothing ever seen, with records that go back to 1895 and with 70 percent of the state’s pastures rated “very poor to poor,” according to the USDA, things do not appear to be about to get better any time soon.
thedailysheeple.com / Lily Dane / August 18th, 2014
A woman who is experiencing symptoms of Ebola is in quarantine at UNM Hospital in Albuquerque.
On August 4, the woman returned from a visit to Sierra Leone, a West African country that has been hit particularly hard by the current Ebola outbreak. So far, 810 cases and 348 deaths have been reported there.
Last Friday, the 30-year-old woman began to develop flu-like symptoms including fever, sore throat, muscle aches, and a headache.
On Saturday, she checked herself into the hospital.
The woman is being held in a special room that has negative pressure to keep everything inside the room. The room itself is in protective gear and doctors and nurses have been instructed to wear protective gear when taking care of the woman, reports KOAT.
At least 170 healthcare workers have been infected with Ebola so far, but all of them have been in the West African countries that are being affected by the outbreak. Conditions for healthcare workers in those countries present challenges that US medical facilities do not face, such as extreme heat, long hours, under-staffing, and lack of adequate equipment.
blog.milesfranklin.com / Bill Holter / August 18th, 2014
Around mid-morning on Friday we heard news that the Ukraine had “destroyed part of a Russian convoy.” The stock market immediately dropped nearly 200 points, Treasury bonds were bid 10 basis points lower, oil was higher and gold which had been hammered $20 lower earlier ran back to unchanged. I do want to mention that “the sale” which knocked gold down was some $2 billion worth of COMEX futures. $2 billion, this would amount to a little more than 1 week’s production from ALL mines in the ENTIRE world. Again, “who” would ever sell their product in this fashion where they receive THE worst price of the week? The real laugher is that this was not even “gold” which was sold, the sale was merely COMEX futures. This game however will shortly end as the Shanghai exchange comes on line which will be a 100% physical exchange. China has a history of meeting out harsh and should I say “physical” penalties for financial crimes, selling something that does not exist would fall into this category. This further display of naked short selling is not what I’d like to write about today.
The “announcement” of the destruction of a Russian convoy had all the makings of being the spark for WWIII. As soon as I heard the “news” and saw the markets react, my first thought was “this is the beginning.” Were it true, the situation would have already escalated in every fashion. The escalation would have certainly been militarily but also financially. What the heck really happened though? Anything? Here it is more than a day(s) later and what do we really know? Was there a Russian convoy destroyed? Was there even a Russian convoy on Ukrainian soil? Was anything at all destroyed? TheTelegraph put this article out Friday evening. The headline clearly states “Ukraine destroys part of Russian military convoy.”
First, two British journalist “saw firsthand” the military convoy cross the border. Do we have any pictures? Did they not have cameras with them? This is possible but not probable, but surely they had cellphones right? So where are the pictures?
Source: Ecologically Oriented blog
zerohedge.com / by Tyler Durden on 08/18/2014 17:15
In its strongest-worded statement yet, the World Health Organization is urging strengthened international cooperation to stop transmission of Ebola to other countries. Most critically, WHO urges: “Affected countries are requested to conduct exit screening of all persons at international airports, seaports and major land crossings, for unexplained febrile illness consistent with potential Ebola infection.”Falling short on banning international travel, WHO does warn non-affected countries to strengthen the capacity to detect and immediately contain new cases. Of course, in the interests of avoiding panic, they reiterate the risk of infection on a flight is low – which seems odd given that we get a cold every time we fly…
libertyblitzkrieg.com / Michael Krieger / Aug 18, 2014
“We criticize dictators for quelling dissent and silencing protestors with tactics like curfews, we’ll certainly speak out when it’s happening in our own backyard. The people of Ferguson have the right to protest peacefully the lack of accountability for Michael Brown’s shooting.”
- Amnesty International USA’s executive director, Steven W. Hawkins
I’m sure most of you have heard by now of Missouri Governor Jay Nixon’s decision to deploy the National Guard to the unrest in Ferguson, but what you may not have heard is that human rights organization Amnesty International is also on the ground. In fact, it has been there for several days now and is quite disturbed by what is happening.
Specifically, Amnesty International USA announced on August 14, that it had sent a 12-person human rights delegation to Ferguson. Yet while the organization has been there for several days, it wasn’t until last night that I started seeing considerable media coverage on the subject. Buzzfeed went so far as to say that some of the resources deployed have never before been used in the United States:
teapartyeconomist.com / by Gary North on August 18, 2014
Would you pay $100,000 (after taxes) for this? This is from Richard Rorty, an influential academic figure in the late 20th century. He speaks for liberal arts professors everywhere. His life’s goal was to steal our children, and charge parents $240,000 for the privilege.
“It seems to me that the regulative idea that we heirs of the Enlightenment, we Socratists, most frequently use to criticize the conduct of various conversational partners is that of ‘needing education in order to outgrow their primitive fear, hatreds, and superstitions’ … It is a concept which I, like most Americans who teach humanities or social science in colleges and universities, invoke when we try to arrange things so that students who enter as bigoted, homophobic, religious fundamentalists will leave college with views more like our own … The fundamentalist parents of our fundamentalist students think that the entire ‘American liberal establishment’ is engaged in a conspiracy. The parents have a point. Their point is that we liberal teachers no more feel in a symmetrical communication situation when we talk with bigots than do kindergarten teachers talking with their students …
zerohedge.com / by Tyler Durden on 08/18/2014 17:35
Moments ago while taking a break from his vacation, the president announced that he would drag away the US attorney general Eric Holder neck deep in workload (which involves if not prosecuting criminal bankers, who as we know as too systemic to prosecute, then certainly punishing them by demanding their shareholders pay legal charges that amount to pennies on the dollar from the crime proceeds) to Ferguson on Wednesday, where he will meet with federal law enforcement authorities.
So to preview tonight’s Ferguson highlights: every TV network present, no curfew and the national guard, with Eric Holder en route.
And while Obama touched on the topic of the ongoing military campaign in Iraq, which he admitted would be a long-term “strategy”, the most important excerpt of the speech by a president somewhat out of his comfort zone, were the following comments on the topic of race, where he was on thin ice: condemn the rioting too hard, and he could cost the democrats the “race” vote in the midterms; condemn the police response, and he would appear to be pandering to rioters and looters and put the police union vote in jeopardy.
Here is what he said, presented without comment (transcript via WaPo):
Gas-mask wearing silhouettes advance with their rifles through a cloud of teargas to disperse crowds. Ferguson, Missouri. Aug. 17, 2014. (Source: AP Photo / Charlie Riedel)
policestateusa.com / by Site Staff in News / August 18, 2014
FURGUSON, MO — Following a week of clashes between police and citizens, Governor Jay Nixon has signed an executive order deploying Missouri National Guard soldiers to descend upon Ferguson to restrict travel, enforce a mandatory curfew, and disperse crowds.
Executive Order 14-09 follows another order from earlier this week, which declared Missouri to be under a State of Emergency and granted extraordinary powers to law enforcement, including the imposition of a mandatory curfew.
news.goldseek.com / By Chris Mullen / 18 August 2014
Gold dropped down to $1297.38 in early Asian trade before it bounced back to $1303.57 at about 6AM EST and then fell to a new session low of $1296.21 in the next four hours of trade, but it then bounced back higher into the close and ended with a loss of just 0.4%. Silver slipped to as low as $19.484 in Asia, but it then climbed to as high as $19.69 in New York and ended with a gain of 0.31%.
Euro gold fell to about €972, platinum lost $12.50 to $1439.50, and copper remained at about $3.12.
Gold and silver equities fell about 1% at the open, but they then rallied back higher for most of the rest of trade and ended with modest gains.
zerohedge.com / by Tyler Durden on 08/18/2014 16:03
The lack of World War 3 this weekend was the perfect catalyst for buying stocks back up towards record highs… because Putin must have folded, right? Oil prices slipped, with WTI briefly back under $96, which lifted Trannies 1.75% on the day (best performer) but the Nasdaq’s break of cycle highs (to March 2000 highs) is the big news for bubble-watchers (though it’s different this time remember). VIX broke back below 13 to almost a 4-week low close. Treasuries were weak all day especially after Europe closedwith the long-end underperforming (30Y +6.5bps) – 3rd worst day of yeasr for 30Y – with yields rising back to Russian convoy “destroyed” headline levels. Gold dropped back under $1300 as silver rallied 0.5%. S&P futures volumes were 40% below average as AAPL flash-crashes but has almost round-tripped to 2012 highs.
jessescrossroadscafe.blogspot.com / 18 AUGUST 2014
“We run carelessly to the precipice after we have put up a façade to prevent ourselves from seeing it.”
Gold was under some pressure, with silver capped.
The market decided that since shooting had not broken out in the Ukraine that all is well and it was time to bulk up on the risk trade, albeit with low volumes.
This is a very cynical, Fed-fueled market.
The lies are flying thick and fast if you are following any of these geo-political events.
libertyblitzkrieg.com / Michael Krieger / Aug 18, 2014
James Risen is not just a phenomenal reporter, he is also an extremely courageous and honorable American patriot. His case is a very disturbing one, and it has justifiably received a great deal of national attention. In a nutshell, the Obama Administration is threatening the pulitzer prize winning journalist with prison unless he reveals the source behind one of his stories. This is something no journalist worth his salt would ever do, but the fact our own government would resort to threats of incarceration in order to instill fear in the press to prevent it from doing its job is quite telling and extremely dangerous.
Mr. Risen understands this danger more than just about anyone else, which is why he has previously stated he is prepared to go to jail in order to defend the First Amendment from Obama, who he calls “the greatest enemy to press freedom in a generation.”
I’ve covered Risen’s struggle in the past, so if you care to get caught up check out:
Battle Royale on Piers Morgan: Glenn Greenwald, James Risen and Jeffrey Toobin
New York Times Reports – Blackwater Threatened to Kill a State Dept. Official and the U.S. Government Did Nothing
Now the Guardian gets us up to speed on his latest thoughts:
zerohedge.com / by John Hussman via his Weekly Market Comment / 08/18/2014 16:49
The stock market is presently a roulette wheel with dimes on black and dynamite on red. We continue to have extreme concerns about the extent of potential market losses over the completion of the present market cycle. At the same time, we have very little view with regard to short-term market action. If one reviews market action surrounding major pre-crash peaks such as 1929, 1972, 1987, 2000 and 2007, you’ll observe a sort of “resilience” in the major indices on a day-to-day and week-to-week basis even after market internals had already corroded. In 1987, for example, the break following the August bull market peak was largely recovered over the course of several weeks before failing rapidly in October. In 2000, the market actually experienced a series of 10-12% corrections and recoveries before a final high in September that was followed by a loss of half the market’s value. In 2007, the initial break in mid-summer was fully recovered, with the market registering a fresh nominal high in early October that marked the end of the bull market and the start of a 55% market collapse.
As economic historian J.K. Galbraith wrote about the advance leading up to the 1929 crash, the market’s gains
“had an aspect of great reliability… Indeed the temporary breaks in the market which preceded the crash were a serious trial for those who had declined fantasy. Early in 1928, in June, in December, and in February and March of 1929 it seemed that the end had come. On various of these occasions the Times happily reported the return to reality. And then the market took flight again. Only a durable sense of doom could survive such discouragement. The time was coming when the optimists would reap a rich harvest of discredit. But it has long since been forgotten that for many months those who resisted reassurance were similarly, if less permanently, discredited.”
theorganicprepper.ca / by Daisy Luther / August 18, 2014
Any prepared and informed person knows that the threat isn’t always the event itself, which could be anything from a natural disaster to a rioting spree after a sporting event to an economic collapse. It’s the chaos during the aftermath of the event.
If you ever had any doubts about that statement, you need look no further than Ferguson, Missouri.
Today, Governor Jay Nixon called in the National Guard.
Martial law has officially arrived in Ferguson.
Of course, this only makes it official. The past week has shown a militarized police force driving around in tanks, wearing body armor, and brutally responding to citizens. Martial law was already there and the Constitution was already suspended. Nixon just made it official.
This is just the icing on the chaos cupcake, however. It all started a week ago when a black police officer shot a black suspect. Suddenly, amidst confused cries of “racism” (I still can’t figure out how that was racist, but that’s a whole different article) an absolute breakdown of society occurred within 24 hours of the shooting. People no longer governed themselves according to laws and morals. Store owners were forced to arm themselves to protect their businesses from a mob that looted with all of the joyful abandon of a lottery winner on a shopping spree. Cops responded, but were vastly outnumbered. Whether these officers were originally vicious individuals or whether fear of the mob mentality made them brutal, their responses were harsh and ruthless.
This article isn’t a debate on right vs. wrong. It isn’t about whether Michael Brown deserved to be shot or whether he was an innocent victim. It isn’t about the race of the looters, the cops, or the residents of Ferguson. It isn’t even about the Constitutional rights that are being ground under the heels of boots. I’m not getting into any of that.
It’s about watching and learning from the events in Ferguson, because this type of chaos could be coming to a city near you. When society breaks down, it nearly always follows a distinct path. The main variable is how quickly the situation devolves…
armstrongeconomics.com / By Tyler Durden / August 18, 2014
The New York Times journalist James Risen is facing potentially life imprisonment unless he reveals all his sources. Risen has gone on record stating that the Obama Administration is hunting down journalists to shut them up. Risen has refused to reveal a source and testify against a former CIA agent accused of leaking secrets. This is outrageous behavior and it demonstrates why anyone leaking info on the illegal activities of government will be imprisoned for life. Risen has called President Barack Obama “the greatest enemy of press freedom in a generation.” There is nothing more anti-American that the collective actions of the Obama Administration that when put together appear to be intent upon destroying all liberty, privacy, and freedom. Risen can be held until he dies in prison and has NO right to even a trial under the pretense of “civil” contempt. This is defined as pure coercion and therefore it is an inherent power without limit. They claim they are NOT imprisoning you for a crime, and therefore you have no right to a jury trial. A judge can just say take you away and you will die in prison with no right to anything you thought existed under the Constitution.
zerohedge.com / by Tyler Durden on 08/18/2014 15:23
With race-relations in American at a boiling point, it is perhaps worth a glance at Asia for some context. As Media Equalizer’s Brian Maloney reports, one restaurant in South Korea is refusing to serve black people due to fears over Ebola! As he concludes: imagine the uproar were this sign to appear anywhere in the US…
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / August 18, 2014
Technology Review has an interesting infographic on the Rising Use of Robots, and which sectors show the biggest increase in use.
I broke up the infographic into a series of smaller ones for purposes of discussion, adding red, blue, and purple colored boxes in the following chart.
Robot Usage Since 2009
- In Europe, except Germany, robot usage is up and employment down.
- In the US, South Korea, and Germany, robot usage is up and so in human employment.
- I Japan robot usage and employment are both down.
- Japan did not even benefit from a falling Yen.
This shows the relative increase in demand for US and Korean cars, and the relative lack of demand for Japanese cars and European cars other than German cars.
In the US, as long as cars sales remain strong, it appears auto jobs will stay. How long will that be?
jessescrossroadscafe.blogspot.com / 18 AUGUST 2014
As long as nothing has gone wrong in the last 24 hours the bulls are almost fearless in these low volume, highly technically traded markets.
I feel as those my skeptical cynicism of this stock market has been vindicated. lol