More Non-existant Job Growth Reported
Paul Craig Roberts and Dave Kranzler
According to the Bureau of Labor Statistics, the US economy added 313,000 jobs in the 28 days of February, causing a big jump in the Dow Jones average. Where does BLS find these jobs?
The BLS finds 61,000 in construction, which, if correct, suggests in view of falling new and existing home sales, that those building at this stage are going to experience financial difficulties.
A Stalinist Purge In America?
Paul Craig Roberts
This year could turn out to be a defining year for the United States. It is clear that the US military/security complex and the Democratic Party aided by their media vassals intend to purge Donald Trump from the presidency. One of the open conspirators declared the other day that we have to get rid of Trump now before he wins re-election in a landslide.
Authored by MN Gordon via The Economic Prism blog,
The New Year’s nearly here. The slate’s been wiped clean. New hopes, new dreams, and new fantasies, are all within reach. Today’s the day to make a double fisted grab for them.
Without question, 2018 will be the year that everything happens exactly as it should. Some things you’ll be able to control. Other things will be well beyond your control.
Ugly end...
* * *
But on the year, the dollar tanked (worst since 2003), stocks and bonds (the long-end) soared higher, commodities rebounded dramatically, cryptocurrencies exploded, and gold had its best year since 2010 as VIX saw its lowest average in history...
and all that driven by the biggest increase in central bank balance sheets since 2011... anyone else feel like this... (our estimate is we are at around the 30 second mark currently)
For the second day in a row, most Asian markets - at least the ones that are open - were dragged lower by tech stocks and Apple suppliers, with the MSCI Asia Pacific Index down 0.2% led by Samsung Electronics and Taiwan Semiconductor Manufacturing in response to the previously noted report that Apple will slash Q1 sales forecasts for iPhone X sales by 40% from 50 million to 30 million. Most Asian equity benchmarks fell except those in China. European stocks were mixed in a quiet session while U.S.