{"id":8070,"date":"2015-05-13T06:10:28","date_gmt":"2015-05-13T11:10:28","guid":{"rendered":"http:\/\/olduvai.ca\/?p=8070"},"modified":"2015-05-13T06:10:28","modified_gmt":"2015-05-13T11:10:28","slug":"a-tale-of-two-graphs-why-bubble-finance-will-fail","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=8070","title":{"rendered":"A Tale Of Two Graphs\u2014\u2014Why Bubble Finance Will Fail"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/davidstockmanscontracorner.com\/a-tale-of-two-graphs-why-bubble-finance-will-fail\/\" target=\"_blank\">A Tale Of Two Graphs\u2014\u2014Why Bubble Finance Will Fail<\/a><\/h3>\n<p>On Friday the BLS reported, among other things, that full-time employment in April\u00a0had dropped by 252,000 from the prior month and that\u00a0the weekly earnings of production workers had risen by the grand sum of 67 cents (0.1%) before inflation and taxes.\u00a0 But why should\u00a0still\u00a0another confirmation that the main street job market is dead in the water stop the robo-traders from another romp higher?<\/p>\n<p>In fact,\u00a0this incongruous spectacle of dead wages and soaring\u00a0financial assets\u00a0has been going on for several decades now\u2014\u2014a transparently obvious\u00a0trend obfuscated by the unrelenting recency\u00a0bias of the MSM and the\u00a0authorized Wall Street\/Washington\u00a0narrative.\u00a0So let Friday\u2019s incongruous stock market\u00a0rip serve as a portal into the ugly interior history of how central bank bubble finance has fostered an existential crisis\u00a0in what remains of American capitalism.<\/p>\n<p>On the main street side, this isn\u2019t a matter of sluggish recovery from a mysterious financial crisis that arrived, apparently,\u00a0on a comet from deep space\u00a0in September 2008.\u00a0<em><strong>Alas, for three decades running now, the constant dollar weekly\u00a0wages of full-time workers have been flat as a pancake.<\/strong><\/em><\/p>\n<p>And let\u2019s be clear. We\u00a0are not talking here about\u00a0after school jobs held by quasi-perpetual students, the meager pay of moonlighting moms or the episodic work gigs of society\u2019s tens of million of loosely attached drifters.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Tale Of Two Graphs\u2014\u2014Why Bubble Finance Will Fail On Friday the BLS reported, among other things, that full-time employment in April\u00a0had dropped by 252,000 from the prior month and that\u00a0the weekly earnings of production workers had risen by the grand sum of 67 cents (0.1%) before inflation and taxes.\u00a0 But why should\u00a0still\u00a0another confirmation that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[926,3279,2120,260,312,496,5384,1138,824],"class_list":["post-8070","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bls","tag-bureau-of-labor-statistics","tag-david-stockman","tag-employment","tag-financial-crisis","tag-mainstream-media","tag-recency-bias","tag-stock-market","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8070"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8070\/revisions"}],"predecessor-version":[{"id":8071,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8070\/revisions\/8071"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}