Labor

Submitted by John Rubino via DollarCollapse.com,

Fund manager John Hussman is always good for dramatic charts. Here’s a recent one:

This ratio is even scarier than it looks, says Hussman:

Seemingly following the proposals of Bill Clinton (and Ron Paul), The Washington Post reports that a leaked document shows the Trump administration is planning to crackdown on current, and would-be, immigrants who are likely to require public assistance.

After Bill Clinton received a standing ovation for suggesting crackdown on immigrant welfare...

"We are a nation of immigrants.. but we are a nation of laws"

 

Despite the surge in 'soft' survey data since Trump's election, it appears Chicago just signaled the inflection point. MNI's Chicago Business Barometer was revsied lower in December and then crashed lower in January to 50.3. 

The print was below the lowest analyst estimate and 6 standard deviations below the consensus...

New orders, employment, inventories, and order backlogs all fell.

The last time it was lower than this was Feb 2016 (amid the market's fears of a looming recession).

Over the weekend, openly defiant CEOs, particularly among the tech sector, expressed their displeasure with Trump's Friday executive order on travel from seven Muslim countries with both words and deeds, among which the following (summary courtesy of Axios):

Submitted by Matt Stoller via The Intercept,

In 2011, unemployment was at a near crisis level. The jobless rate was stuck around 9 percent nationally, an unusually high number due to the continuing effects of the financial crash.