What is it about former central bankers who first destroy the fiat system with their monetarist policies, only to go into retirement, and preach the virtues of the one compound they spend their entire professional careers trying to destroy: gold.
Submitted by Brandon Smith via Alt-Market.com,
I have made this comment many times in the past, but I think it needs to be stated again here: If you think the Federal Reserve’s goal is to maintain or repair the U.S. economy, then you will never understand why they do the things they do or why the economy evolves the way that it does. The Fed’s job is not to protect the U.S. economy. The Fed’s job is to DESTROY the U.S. economy to make way for a truly global system.
With the 655th rate-cut globally since Lehman, the Bank of Korea stunned the market tonight and cut rates 25bps to 1.25% (a record low). Only 1 of 18 economists expected a rate cut as it appears record highs in US equities signal nothing about the underlying turmoil in the world's economy. After 6 straight days stronger (against the USD), the Won is sliding back above 1160 as it seems the currency wars are reigniting in AsiaPac...
One month ago, we were stunned to report that none other than billionaire Carl Icahn had taken the net exposure of his hedge fund, Icahn Enterprises, from a modest net 25% short - his recent negative bias on the market was hardly a secret - to a practically apocalyptic, 149% net short which is about as close to betting on a market crash as one could get.
Submitted by Mish Shedlock of MishTalk
The BLS JOLTS (Jobs Openings and Labor Turnover) report came out today.
The BLS claims jobs openings are up. Based on an alternate reports, I suggest opening are not only down, but falling steeply.
The implications are huge, so let’s dive into the discrepancies.
BLS: Job Openings vs. Hires
That’s how the BLS sees things. Before we dive into the alternate view, let’s take a peek at mainstream media analysis.
Mainstream JOLTS Comments