Submitted by Tyler Durden on 02/05/2016 - 11:56
Three out of the five major economies are already experiencing stagnant or negative private credit growth. Three down, two to go. Helicopter money--government issued "free money" to households--is no replacement for private credit expansion.
Submitted by Tyler Durden on 02/05/2016 - 13:15 "Across the whole country, a pogrom mood prevails that is gathering an explosive intensity."
never mind the fact that the gains during his presidency have gone to low-paying jobs). A job is a job after all... right?
Submitted by Tyler Durden on 02/05/2016 - 12:10 A day after German authorities arrested three men in connection with a planned terrorist attack on Berlin, Germany's intelligence chief warns that ISIS fighters are hiding among the 1.1 million refugees the country took in 2015. "We have repeatedly seen that terrorists have slipped in camouflaged or disguised as refugees," he says. “This is a fact that the security agencies are facing.”
Submitted by Tyler Durden on 02/05/2016 - 11:40 With faith in "growth" faltering and the momo leaders rolling over, there are still worries for the bears in the intermediate term...
Submitted by Tyler Durden on 02/05/2016 - 11:23 Since the US manufacturing sector is unofficially in a recession, and since the US service sector is allegedly growing like gangbusters, we are updating our favorite chart showing the bifurcation in the New Abnormal US economy: the job gains by U.S. manufacturing workers on one hand, and by waiters and bartenders on the other.
Submitted by Tyler Durden on 02/05/2016 - 10:40 Not warm enough to support growth guesses and not cold enough to keep The Fed on the sidelines... stocks are not amused by today's "great" or "terrible" jobs data and the S&P 500 is back below 1900, down over 10% from record highs...
Submitted by Tyler Durden on 02/05/2016 - 10:14 According to the BLS' breakdown of jobs added in January of the 151,000 jobs added in the past month, retail trade added 58,000 jobs in January, while employment in food services and drinking places, aka waiters and bartenders, rose by 47,000 in January. In other words, 70% of the job gains in January went to minimum wage workers.
As CBS reports, it happened just before 8:30 a.m. on Worth Street near Church Street in TriBeca. There are reports of people possible trapped in cars. Fire officials said one person is dead and at least two others are hurt. “I just felt it. It felt like a bomb,” one witness said. “This is just crazy, it’s huge - it’s enormous.”