Another Fabricated Jobs Report
Paul Craig Roberts
According to Friday’s (January 8) payroll jobs numbers, almost 300,000 new jobs were created in December. Additionally, the previous two months were revised upward by 50,000 jobs. Apparently, the equity market did not believe the report, with the averages moving down today.
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
This week I am addressing themes I see playing out in 2016.
Earlier today, CNBC invited Kyle Bass, the man who correctly predicted and profited from the subprime collapse, to discuss what he thought was the biggest threat to the global financial system.
http://player.cnbc.com/p/gZWlPC/cnbc_global
Here is the highlight of what he said:
Submitted by Lance Roberts via RealInvestmentAdvice.com,
This week has certainly been interesting with the Dow Jones Industrial Average having the worst start to a year…well…ever. Even more interesting is the culprit was primarily the collapse of financial markets in China.
Why is that interesting? Because it is exactly the issue that I wrote about during the summer of 2015:
Submitted by Jeffrey Snider via Alhambra Investment Partners,
The focus on China as if their problems were only Chinese is highly misplaced, though you can understand the appeal of the excuse. This sentiment was expressed over and over today (just as it was in August):