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Finally The “Very Serious People” Get It: QE Will “Permanently Impair Living Standards For Generations To Come”
Finally The “Very Serious People” Get It: QE Will “Permanently Impair Living Standards For Generations To Come” When “very serious people” (even if it is those who once ran now defunct Bear Steanrs) announce it, with a 6 year delay, they make the Financial Times. On the other hand, when Zero Hedge said precisely this 6 […]
The Web: Destroyer or Savior of Culture, Pay and Employment?
The Web: Destroyer or Savior of Culture, Pay and Employment? The cost of creating and distributing content has fallen to near-zero, and that is not going away. Last month I explored the contentious question, Is the Web Destroying the Cultural Economy? In my recent video discussion with analyst Gordon T. Long, we expanded this question to pay […]
Eh is not OK: Canada’s Jobs Begin to Unravel
Eh is not OK: Canada’s Jobs Begin to Unravel Canada’s employment stats for February were not what most expected – there was a huge jump in full time jobs. Most commentators tried to put a positive spin on this but I have to disagree. Canada’s labour market is struggling and the outlook for the near […]
truthinesslessness
truthinesslessness Nothing is stable, nothing is straightforward, everything is fixed, and nothing is fixed. O nation of busboys and WalMart greeters, awake and sing! Can an empire founder on sheer credulousness? After last Friday’s jobs report, I think so. For a culture that luxuriates in statistical analysis (and the false idea that if you measure […]
Why Is Per Capita Energy Consumption at Recession Levels After Six Years of Recovery?
Why Is Per Capita Energy Consumption at Recession Levels After Six Years of Recovery? Per capita energy consumption remains at recession levels. One way to verify rosy official data–GDP growth, low unemployment, etc.–is to compare it with data that is less easily gamed: for example, energy consumption.Those seeking a realistic snapshot of the Chinese economy […]
Nearly At ‘Full Employment’? 10 Reasons Why The Unemployment Numbers Are A Massive Lie
Nearly At ‘Full Employment’? 10 Reasons Why The Unemployment Numbers Are A Massive Lie On Friday, we learned that the official “unemployment rate” has fallen to 5.5 percent. Since an unemployment rate of 5 percent is considered to be “full employment” by many economists, many in the mainstream media took this as a sign that […]
Oil Bust Mauls Texas Manufacturers, Atlanta Fed Sees Hit to Broader US Economy
Oil Bust Mauls Texas Manufacturers, Atlanta Fed Sees Hit to Broader US Economy By now, every executive in the American oil patch goes through the day with one eye riveted on the price of oil. And on Monday, West Texas Intermediate plunged once again below $50 a barrel. It has become the nightmare price for […]
Our House of Cards
Our House of Cards As John Williams (shadowstats.com) has observed, the payroll jobs reports no longer make any logical or statistical sense. Ask yourself, do you believe that retailers responded to the very disappointing Christmas season by rushing out in January to hire 46,000 more retail clerks? Perhaps those 46,000 retail jobs is the BLS […]
Anxiety and Interest Rates: How Uncertainty Is Weighing on Us
Anxiety and Interest Rates: How Uncertainty Is Weighing on Us Anxiety and uncertainty are weighing on individuals even where the overall economy is growing. Some of this angst is the fallout from advances in information technology. The Internet, ubiquitous computing, robotics, 3-D printers and the like are wonderful advances, yet they may also be personal […]
Don’t Believe The Headlines: Canada’s Latest Job Numbers Don’t Look Good
Don’t Believe The Headlines: Canada’s Latest Job Numbers Don’t Look Good After two months of shrinking job numbers, it looked like Canada had broken the streak with this morning’s StasCan report showing an increase of 35,400 jobs, and a decrease in the jobless rate to 6.6 per cent, from 6.7 per cent. But that is […]
The Grand Manipulation
The Grand Manipulation Gerald Celente, editor of the Trends Journal, a subscription-based publication for which I write, has permitted King World News to republish my most recent article from the Trends Journal. This makes the article available to you from a free site. In place of me writing yet another expose of the non-existent jobs reported today […]
Post Crisis Scorecard – Global Debt Up $57 Trillion, 60% of American Jobs Created Are Low Level, Record Youth Living with Parents
Post Crisis Scorecard – Global Debt Up $57 Trillion, 60% of American Jobs Created Are Low Level, Record Youth Living with Parents This morning, my Twitter stream was filled with some of the most outlandish bullish economic victory laps from pundits I’ve ever seen. The source was the monthly employment report, which showed a larger than […]
Sorry, Millennials, We’re Out of the Jobs You Want
Sorry, Millennials, We’re Out of the Jobs You Want Millennials don’t want to work in sales, reports the Wall Street Journal. They think it’s exploitative. They also hate the idea of variable compensation; they want a nice, steady job where the company takes the risk, not the worker. The feeling that sales is exploitative is not […]
20 Stunning Facts About Energy Jobs In The US | Zero Hedge
20 Stunning Facts About Energy Jobs In The US | Zero Hedge. For all those who think the upcoming carnage to the shale industry will be “contained” we refer to the following research report from the Manhattan Institute for Policy Research: The United States is now the world’s largest and fastest-growing producer of hydrocarbons. It has […]
