In what was an "unambiguously" unpleasant April jobs payrolls report, with a March revision dragging that month's job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy.
More good reasons to Eat your Yummy Pacific Ocean Fish...
from DAHBOO77:
AGXIIK: Coming Banking System Fire Sale & Blood Baths Will Be EPIC!
The Doc’s recent podcast with Fund Manager Dave Kranzler
on the derivatives melt-down that has begun behind the scenes brought a
significant amount of intelligence and details into the forefront of
critical viewing and made it understandable for the layman. Dave’s
observations of the Reverse repos, housing market and equity indicators
wraps a good bow around the shaken and weakening nature of all markets,
which are nothing more that interventions staving off failure in many
sectors. This podcast got me to thinking about the primary weak points
of the derivatives, particularly the CDS as well as a few other items
of note.Three hat tips to Doc, Eric and Dave for tying the bow in these extremely important themes.
Read More @ SilverDoctors.com
from KingWorldNews:
Overnight bond markets were mixed, though German 10-year bunds
continued to take a beating, trading as high as 65 basis points before
rallying a bit. World equity markets were slightly weaker. The early
going here saw the indices sort of hugging unchanged, though slightly
red through midday. In the early afternoon though, a small party started
and the market closed roughly 0.5% higher. I guess most folks were not
too worried ahead of tomorrow’s (Friday’s) nonfarm payroll roulette
wheel.
I happen to think it is potentially a meaningful data point, especially if it shows weakness, because that will corroborate other data of a similar vein. It may also be part of the change in psychology that is necessary to bring back sanity and get the country to focus on our long-term problems, which have only been exacerbated through this period of monetary fantasy.
Bill Fleckenstein Continues @ KingWorldNews.com
Overnight bond markets were mixed, though German 10-year bunds
continued to take a beating, trading as high as 65 basis points before
rallying a bit. World equity markets were slightly weaker. The early
going here saw the indices sort of hugging unchanged, though slightly
red through midday. In the early afternoon though, a small party started
and the market closed roughly 0.5% higher. I guess most folks were not
too worried ahead of tomorrow’s (Friday’s) nonfarm payroll roulette
wheel.I happen to think it is potentially a meaningful data point, especially if it shows weakness, because that will corroborate other data of a similar vein. It may also be part of the change in psychology that is necessary to bring back sanity and get the country to focus on our long-term problems, which have only been exacerbated through this period of monetary fantasy.
Bill Fleckenstein Continues @ KingWorldNews.com
Pentagon Staff Given "Stern Warning" After Using Government Credit Cards For Hookers & Gambling
Submitted by Tyler Durden on 05/08/2015 - 15:55 We can now add another to the list of government agencies out of control this month. In the latest example of abuse by the unaccountable feds, we learn that Pentagon employees have been caught using their government credit cards on gambling and escorts, amongst other things. Their punishment? A “stern warning.”What Is The Difference Between An ISIS Terrorist And A Freedom Fighter: "Appropriate Vetting"
As we reported yesterday, in addition to Turkey and Saudi forming an alliance to topple Syria's despised anti-Qatar nat gas pipeline leader, Bashar Assad, the US has now begun training and arming Syrian rebels. But how will the US know it is arming Syrian rebels, aka opposition "freedom fighters" and al-Nusra or Islamic State jihadists who will promptly turn around and use the same weapons and training against the US? The answer: "appropriate vetting." No, really
Home Flipping Profits Hit Record As Wall Street Drives Speculation (Again)
Submitted by Tyler Durden on 05/08/2015 - 15:40 There's never been a better time to be a home flipper. Not only are average returns at all-time highs (you can double your money in Baltimore), you can even obtain cheap financing from Wall Street as opposed to dealing with pesky local banks. Better still, there's a very good chance you won't have to deal with annoying aspiring homeowners because according to RealtyTrac, the percentage of flipped homes sold to other "investors" is at a four-year high.
Deflation Works!
Threatened with deflation, the authorities will want to turn the tide in the worst possible way. What’s the worst way to stop deflation? With hyperinflation. Yes, we may suffer a year or two more of sluggish growth... or even deflation. Stocks will crash and people will be desperate for paper dollars. But sooner or later, the feds will find their feet and lose their heads. Most likely, the credit-drenched world of 2015 will end... not in a whimper of deflation, but in a bang. Hyperinflation will bring the long depression to a dramatic close long before a quarter of a century has passed.
Goldman Crushes The American Manufacturing Recovery Dream - Auto Sales Expectations Are Unrealistic
Submitted by Tyler Durden on 05/08/2015 - 12:54 Auto sales have recovered to the 16.5-17 million range, and many observers predict further gains in coming years (despite, as we previously noted, missing expectations for the last few months). But to Goldman Sachs, the current sales pace already looks high relative to the medium-term fundamentals; and their assessment of scrappage rates, population growth, licensed drivers, and vehicle ownership suggests that trend demand for autos - excluding cyclical fluctuations - is only 14-15 million units per year.
by Dave Kranzler, Inevstment Research Dynamics:
You can ignore reality, but you can’t ignore the consequences of ignoring reality – Ayn Rand
Beware of the leader, who strikes the war drum in order to transfer the citizens into patriotic glow, patriotism is indeed a double-sided sword. It makes the blood so boldly, like it constricts the intellect. And if the striking of the war drum reached a fiebrige height and the blood is cooking and hating, and the intellect is dismissed, the leader doesn’t need to reject the citizens rights. The citizens, cought by anxiety and blinded through patriotism, will subordinate all their rights to the leader and this even with happy courage. Why do I know that? I know it, because this is, what I did. And I am Gajus Julius Cäesar.
Read More @ InevstmentResearchDynamics.com
image: 3.bp.blogspot.com
You can ignore reality, but you can’t ignore the consequences of ignoring reality – Ayn RandBeware of the leader, who strikes the war drum in order to transfer the citizens into patriotic glow, patriotism is indeed a double-sided sword. It makes the blood so boldly, like it constricts the intellect. And if the striking of the war drum reached a fiebrige height and the blood is cooking and hating, and the intellect is dismissed, the leader doesn’t need to reject the citizens rights. The citizens, cought by anxiety and blinded through patriotism, will subordinate all their rights to the leader and this even with happy courage. Why do I know that? I know it, because this is, what I did. And I am Gajus Julius Cäesar.
Read More @ InevstmentResearchDynamics.com
image: 3.bp.blogspot.com
from The Burning Platform:
You don’t have to know much about the “trade” deal called the
Trans-Pacific Partnership (TPP) to be more than a little suspicious.
First, there are the very peculiar bedfellows. Supporting the TPP are President Obama and most Congressional Republicans, the same Republicans who’ve vehemently opposed his every initiative for the past six and one-half years.
Against the TPP are most (but not all) Congressional Democrats, Ford Motor Company, virtually all trade unions and environmental groups, watchdog groups such as Public Citizen, and usual Obama allies such as Massachusetts Senator Elizabeth Warren and Ohio Senator Sherrod Brown, who, in a testy open letter to the President on April 25, called for greater transparency on the TPP.
Read More @ TheBurningPlatform.com
/
You don’t have to know much about the “trade” deal called the
Trans-Pacific Partnership (TPP) to be more than a little suspicious.First, there are the very peculiar bedfellows. Supporting the TPP are President Obama and most Congressional Republicans, the same Republicans who’ve vehemently opposed his every initiative for the past six and one-half years.
Against the TPP are most (but not all) Congressional Democrats, Ford Motor Company, virtually all trade unions and environmental groups, watchdog groups such as Public Citizen, and usual Obama allies such as Massachusetts Senator Elizabeth Warren and Ohio Senator Sherrod Brown, who, in a testy open letter to the President on April 25, called for greater transparency on the TPP.
Read More @ TheBurningPlatform.com
by Dave Hodges, The Common Sense Show:
Much is being written about “the list” in which independent Americans,
who do not drink from the Obama Koolaid, are on a list which will
ultimately result in their loss of freedom and very possibly their
lives. Some people are calling this list, “Main Core”.
Advocates of the Main Core view state that a secret government hit list has been in place since the 1980’s. Some even wrongly suggest the Ed Snowden has revealed this information regarding Main Core to the world, when in fact, nothing could be further than the truth.
Read More
Much is being written about “the list” in which independent Americans,
who do not drink from the Obama Koolaid, are on a list which will
ultimately result in their loss of freedom and very possibly their
lives. Some people are calling this list, “Main Core”.Advocates of the Main Core view state that a secret government hit list has been in place since the 1980’s. Some even wrongly suggest the Ed Snowden has revealed this information regarding Main Core to the world, when in fact, nothing could be further than the truth.
Read More
from The Daily Coin:
Read More @ TheDailyCoin.org
I wanted to show those graphs from
Zerohedge with my edits (right graph) because they show the extreme
dislocation between the true economic fundamentals and the financial
markets in the U.S. “US Macro” data is the differential between Wall
Street’s “brain trust” estimates for various economic data and the
actual reported result. The negative differential between the
expectations of supposedly educated, bright economic professionals and
reality has never been greater.
The economic data – almost all of it – has been collapsing at a rate
as great or greater than it was collapsing in 2008. The media
propaganda megaphone loudly broadcasting that “all is well” has never
been set at a higher volume.Read More @ TheDailyCoin.org
Police Have Officially Killed 400 People in 2015, A New Grieving Family Every Seven and a Half Hours
from The Daily Sheeple:
As of May 5, 2015, the police in the United States of America have killed 401 people that we know of.
Deaths By Law Enforcement 2015:
Read More @ TheDailySheeple.com
As of May 5, 2015, the police in the United States of America have killed 401 people that we know of.
Deaths By Law Enforcement 2015:
- 91 in the 31 days of January
- 85 in the 28 days of February
- 115 in the 31 days of March
- 101 in the 30 days of April
- 8 people in the 5 days of May
Read More @ TheDailySheeple.com
from The News Doctors:
A federal appeals court ruled
in a landmark decision on Thursday that the bulk telephone surveillance
program operated by the U.S. National Security Agency and revealed in
2013 by whistleblower Edward Snowden is illegal.
The Second Circuit Court of Appeals in New York said the surveillance program, which swept up billions of phone records and metadata of U.S. citizens for over a decade, “exceeds the scope of what Congress has authorized” under the Patriot Act. The NSA and the government have long held that key provisions of the act, particularly Section 215, justify the surveillance program.
Read More @ TheNewsDoctors.com
A federal appeals court ruled
in a landmark decision on Thursday that the bulk telephone surveillance
program operated by the U.S. National Security Agency and revealed in
2013 by whistleblower Edward Snowden is illegal.The Second Circuit Court of Appeals in New York said the surveillance program, which swept up billions of phone records and metadata of U.S. citizens for over a decade, “exceeds the scope of what Congress has authorized” under the Patriot Act. The NSA and the government have long held that key provisions of the act, particularly Section 215, justify the surveillance program.
Read More @ TheNewsDoctors.com
from Washington’s Blog:
The Problem Isn’t Too Little Spying … It’s Too Much
Top security experts agree that mass surveillance is ineffective … and actually makes us MORE vulnerable to terrorism.
For example, the former head of the NSA’s global intelligence gathering operations – Bill Binney – says that the mass surveillance INTERFERES with the government’s ability to catch bad guys, and that the government failed to stop 9/11, the Boston Bombing, the Texas shootings and other terror attacks is because it was overwhelmed with data from mass surveillance on Americans.
Read More @ WashingtonsBlog.com
image credit: techhive.com
The Problem Isn’t Too Little Spying … It’s Too MuchTop security experts agree that mass surveillance is ineffective … and actually makes us MORE vulnerable to terrorism.
For example, the former head of the NSA’s global intelligence gathering operations – Bill Binney – says that the mass surveillance INTERFERES with the government’s ability to catch bad guys, and that the government failed to stop 9/11, the Boston Bombing, the Texas shootings and other terror attacks is because it was overwhelmed with data from mass surveillance on Americans.
Read More @ WashingtonsBlog.com
image credit: techhive.com
from Western Journalism:
Nearly half of the ObamaCare state exchanges face financial troubles, according to a new report.
The Washington Post reports that some of the factors contributing to the woes include high costs and less-than-anticipated enrollment:
But for the recently completed open enrollment period, sign-ups for the state marketplaces rose a disappointing 12 percent, to 2.8 million people. That compared with a 61 percent increase for the federal exchange, to 8.8 million people, according to Avalere Health, a consulting firm. States with the smallest enrollment growth are among those facing the greatest financial problems.
Read More @ WesternJournalism.com
Nearly half of the ObamaCare state exchanges face financial troubles, according to a new report.The Washington Post reports that some of the factors contributing to the woes include high costs and less-than-anticipated enrollment:
But for the recently completed open enrollment period, sign-ups for the state marketplaces rose a disappointing 12 percent, to 2.8 million people. That compared with a 61 percent increase for the federal exchange, to 8.8 million people, according to Avalere Health, a consulting firm. States with the smallest enrollment growth are among those facing the greatest financial problems.
Read More @ WesternJournalism.com
by Susan Duclos, All News Pipeline:
During my morning routine of hunting through hundreds of articles to
determine what to add to the “Hot News… Around the Web” section of All News PipeLine’s front page, I ran across a piece of at Rumor Mill News
that gave me what many will understand as an “AHA” moment where pieces
of a puzzle, the big picture so to speak, simply assembled itself in my
head, showing an insidious, long term plan and implementation of that
plan, to destroy Alternative Media from within.
The article in question is from a member of the Alternative Media and while it touches on the topic of the internal strife at an Alternative News Site, that is not what caught my eye, nor the topic of this article, since we in no way have a clue what happened, nor have we had any interest to untangle the “he said, she said,” issues.
Read More @ Allnewspipeline.com
During my morning routine of hunting through hundreds of articles to
determine what to add to the “Hot News… Around the Web” section of All News PipeLine’s front page, I ran across a piece of at Rumor Mill News
that gave me what many will understand as an “AHA” moment where pieces
of a puzzle, the big picture so to speak, simply assembled itself in my
head, showing an insidious, long term plan and implementation of that
plan, to destroy Alternative Media from within.The article in question is from a member of the Alternative Media and while it touches on the topic of the internal strife at an Alternative News Site, that is not what caught my eye, nor the topic of this article, since we in no way have a clue what happened, nor have we had any interest to untangle the “he said, she said,” issues.
Read More @ Allnewspipeline.com
from Investment Watch:
Silver all but vanished from U.S. coinage in 1965. Prior to then, U.S.
dimes, quarters and fifty cent pieces were made of 90% silver.
After 1964, only Kennedy half dollars contained any silver at all (though it was reduced to 40%). These coins were minted until 1970, when they too were converted to copper clad with nickel.
In the late ‘70s, I spent several years working in the grocery business in Alaska. In 1977, silver was getting ready to make its big move from the low single digits up to a bull market blow off price of around $50. Having read Harry Browne’s book titled “How you can Profit from the Coming Devaluation,” as well as the writings of his former boss, the late Jerome Smith, I was fully “on board” with this developing story.
Read More @ InvestmentWatchBlog.com
Silver all but vanished from U.S. coinage in 1965. Prior to then, U.S.
dimes, quarters and fifty cent pieces were made of 90% silver.After 1964, only Kennedy half dollars contained any silver at all (though it was reduced to 40%). These coins were minted until 1970, when they too were converted to copper clad with nickel.
In the late ‘70s, I spent several years working in the grocery business in Alaska. In 1977, silver was getting ready to make its big move from the low single digits up to a bull market blow off price of around $50. Having read Harry Browne’s book titled “How you can Profit from the Coming Devaluation,” as well as the writings of his former boss, the late Jerome Smith, I was fully “on board” with this developing story.
Read More @ InvestmentWatchBlog.com
Americans Not In The Labor Force Rise To Record 93,194,000
Submitted by Tyler Durden on 05/08/2015 - 08:57 In what was an "unambiguously" unpleasant April jobs payrolls report, with a March revision dragging that month's job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy.Artist's Impression Of Obamatopia
Submitted by Tyler Durden on 05/08/2015 - 13:55 "Tah-dah" indeed...Free Lunches, Fragile Fed Faith, & Minsky Moments
Submitted by Tyler Durden on 05/08/2015 - 12:37 Investors are beginning to question the efficacy of these extreme central bank policies. More are joining the chorus of critics that believe policies have become counter-productive in both the short and long run. If true, it could mean that a Fed hike might come sooner than markets believes; and may occur prior to the arrival of the desired and optimal economic conditions. There must be a lesson to learn for those investors who blindly follow central bank actions. The lesson embedded in the dramatic re-pricing in European financial markets during the past 12 days may simply be that there are dangers when chasing assets irrespective of price levels. It seems to us that the ability of central banks to generate a Pavlovian or conditional investor response to their policy actions is now rightly being called into question.Japan National Debt Rises To ¥1,053,357,200,000,000
Submitted by Tyler Durden on 05/08/2015 - 12:13 What's the point of even commenting on this unambiguous Keynesian nirvana?
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