Business Summary Links By Day
"Shattering
The American Dream": The US Government’s Ponzi Scheme Tyler Durden
5-4-12 While Larry Kotlikoff was markedly pessimistic in the past (as we
noted here just over a year ago), it seems it was a dress-rehearsal to his
latest evisceration of what he now calls the US Government's Ponzi Scheme. In a
recent VoxEU article
on America's "fiscal child abuse",
Kotlikoff and two colleagues demolish the idea of sustainability of government
finances and how well off younger generations will be compared with their
parents. The game is close to over and for today's children, the American dream will be just that - a dream! , Santelli
On Propaganda And Ostrich Economics Everyone's favorite Chicago-ite, Rick
Santelli, once again presents himself as the truth-teller-in-chief on the
propaganda channel. This morning's dismal jobs data but utopian reporting of
the improvement in the headline unemployment rate appears to have hit a nerve.
Santelli takes on just how bad the employment picture really is, how mainstream
media practices 'Ostrich Economics', and finally how nothing is deemed
important to most politicians except who is to blame.
One of Rick's best as perhaps CNBC
has been looking at its ratings and realizes investors want the truth not
the spin. , Guest
Post: Debt Serfdom In One Chart Bottom
line: financialization and substituting debt for income have run their course.
They're not coming back, no matter how hard the Federal Reserve pushes on the
string. Both of these interwined trends have traced S-curves
and are now in terminal decline: Those hoping the economy is
"recovering" on the backs of financial speculation/ legerdemain and
ramped up borrowing by the lower 95% will be profoundly disappointed when
reality trumps fantasy. , People
Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since
1981 http://albertpeia.com/notinlaborforce.htm it is just getting sad now. In April the
number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000.
This is the highest on record. The flip side, and the
reason why the unemployment dropped to 8.1% is that the labor force
participation rate just dipped to a new 30 year low of 64.3%. , US
Added 115,000 Jobs In April, Huge Miss Of Expectations; Unemployment Rate 8.1%
, Overnight
Sentiment: Traders Look Past Latest European Disappointment, Toward US Jobs
Here is what happened in Europe overnight, and why the market sentiment is
already negative in advance of an NFP number which many are watching closely as
a miss of expectations will cement the thesis that the US economy has now
rolled over and will likely need more nominally dilutive aid from central
planners to regain its upward slope:
- Spain
Services PMI for April 42.1 – lower
than expected. Consensus 45.4. Previous 46.3.
- Italian Services PMI for April
42.3 – lower than expected.
Consensus 43.7. Previous 44.3.
- France
Services PMI for April 45.2 – lower
than expected. Consensus 46.4. Previous 46.4.
- Germany
Service PMI for April 52.2 – lower
than expected. Consensus 52.6. Previous 52.6.
- Euro-area Service PMI for April 46.9 – lower
than expected. Consensus 47.9. Previous 47.9.
And
while the data was bad enough to send European stocks and US stock futures
lower..’ , Charlie
Munger: "Gold Is For Pre-Holocaust Jews To Sew Into Their Garments;
Civilized People Don't Buy Gold" , Brutal
Day For Stocks As Reality Recouples; Europe Now Negative For 2012 , Everything
You Know About Monetary Policy Is Wrong... And Why This Is Very Bad News For
Europe "In a financed
financial system, collateral is money" , Why
European Bank Stocks May Have At Least 40% More Downside , And
You Thought American Unemployment Was Bad... , The
Gift That Keeps On Taking: Bank Of America Facing $6.2 Billion Collateral Call
, Greece:
“We Are Their Greatest Fear”
: testosteronepit
: But the system is gummed up. , Gold
Bubble? “More People That Own Apple Stock Than Gold” : GoldCore : , The
Crashing US Housing Metro Areas : drhousingbubble
: US home prices have once again made a post-bubble
low in spite of all the artificial intervention and massive bailouts to
financial institutions. The bottom line unfortunately is that US... , The
Two Scariest Charts From Today's NFP Report, Or The Real "New Part-Time
Normal" , Real U-3
Unemployment Rate: 11.6% Propaganda unemployment rate: 8.1%; Real unemployment rate: 11.6%. Reason for difference: organic growth of labor force
which grows alongside the broader population. Don't be confused by cheap
explanations on TV why the labor force should be declining (especially with
ZIRP meaning pre-retirement workers have to stay in the labor force ever longer
to supplant their meager fixed income): the widely accepted definition of the
labor pool, that used by the CBO and all other government forecasting agencies,
assumes a 90,000 growth in the labor
force every month as it has to keep in line with the growth of the US
population! The implication is simple: using a real labor
force participation rate long-term average of 65.8%, the real unemployment rate
in April was 11.6%, based on the 5.4 million additional workers that should be
counted as part of the U-3 which then means that the real number of unemployed
is not 12.5 million but 17.9 million, which in turn implies a 11.6%
unemployment rate in the US. This also means that the spread between the propaganda, and the real number is now 3.5%: the most it has been since the early 1980s.
04-May-12 11:29PM 2010 and 2011 Earnings Were Good but Sunk Stocks - Will 2012 be
a Repeat? ETFguide 08:42PM What Gold Stocks And A Sentiment Indicator May Be Saying at Forbes 08:42PM The GLD Chart And The ISEE Extreme at Forbes 08:13PM The Week Ahead: How Low Will Stocks Go? at Forbes 06:45PM France Votes, Jobs Market Chokes And Technology Tanks at Forbes 06:16PM Slowing U.S. Economy Is Fine But Europe Can Do Real Damage at Forbes 05:56PM [video] Job Growth Dives - Stocks Slide at TheStreet 05:39PM Mike Mayo Smacks JPMorgan With A Big Downgrade at Forbes 05:25PM Knicks Stink, But MSG Shares Keep Rising at The Wall Street Journal 05:07PM Knicks Stink, But MSG Shares Keep Rising at The Wall Street Journal 04:59PM Next Week's Tape: From Jobs to Inflation at The Wall Street Journal 04:45PM Are Bears Roaring the May Market Mantra? at Wall St.
Cheat Sheet 04:40PM Romney's 500,000 Jobs a Month Is Rare, High Mark at The Wall Street Journal 04:38PM S&P 500 Technical Update: What Happened? at Minyanville 04:36PM Train Reading: Happy Anniversary, Flash Crash at The Wall Street Journal 04:27PM 2010 and 2011 Earnings Were Good but Sunk Stocks - Will 2012 be
a Repeat? ETFguide 04:26PM Short Sellers Pounce on Herbalife After Einhorn's Inquisition
at The Wall Street Journal 04:20PM STOCKS AND OIL TANK AFTER BAD JOBS REPORT: Here's What You Need
To Know Business
Insider 03:56PM Romney's 500,000 Jobs a Month Is Rare, High Mark at The Wall Street Journal 03:53PM Chesapeake's Face Hurting Face Value at The Wall Street Journal 03:00PM Buzz on the Street: Bulls Step Up to Get Beat Down at Minyanville 02:51PM A Solution for the Euro-Zone Crisis at The Wall Street Journal 02:39PM InPlay: Stock indices
slide back toward midday lows -- Dow -180, S&P -23, Nasdaq Comp -64 Briefing.com 02:38PM Crude Oil's Tumble Getting Ugly at The Wall Street Journal 02:13PM How to Reduce the Euro Crisis to Just a Bad Dream at The Wall Street Journal 02:05PM Mining Stocks: Are Juniors or Seniors the Better Bet? at Minyanville 02:00PM Twelve Facts That May Surprise You About the Housing Bust at The Wall Street Journal 01:57PM Crude Oil's Tumble Getting Ugly at The Wall Street Journal 01:49PM Is the Rally Over? at The Wall Street Journal 01:35PM After Disappointing Jobs Report, Is the Stock Rally Over? at The Wall Street Journal 01:11PM European Elections: Watch Greece as Well as France at The Wall Street Journal 01:09PM Depth of Recession Makes Recovery Look Worse at The Wall Street Journal 12:51PM Jobs Report: For One Month, At Least, Don't Ignore ADP at The Wall Street Journal 12:47PM 2010 and 2011 Earnings Were Good but Sunk Stocks - Will 2012 be
a Repeat? ETFguide 12:40PM School-Buses Drive Job Losses in Transport Sector at The Wall Street Journal 12:15PM Depth of Recession Makes Recovery Look Worse at The Wall Street Journal 11:57AM Silver Lining: Lousy Jobs Report Drives Down Oil Prices at The Wall Street Journal 11:53AM The Market's Technical Fiscal Cliff Mirrors the Fiscal Cliff
at Minyanville 11:36AM Index, ETF option volumes near midday optionMONSTER 11:31AM Economists React: 'Deja Vu All Over Again' for Jobs? at The Wall Street Journal 11:26AM InPlay: Trend day action
persists with S&P -17 and Nasdaq Comp -53 setting new lows Briefing.com 11:24AM Index, ETF option volumes near midday optionMONSTER 11:10AM Noteworthy ETF Inflows: SPY, WFC, JNJ, PFE at Forbes 11:02AM Noteworthy ETF Inflows: SPY, WFC, JNJ, PFE at Forbes 10:54AM Noteworthy ETF Inflows: SPY, WFC, JNJ, PFE at Forbes 10:52AM Video: Analysis of Slowing Jobs Growth, Labor Force Dropouts
at The Wall Street Journal 10:45AM What Consumer ETFs are Saying About the Markets Strength ETF Trends 10:38AM Private Jobs Turn Positive for Obama Presidency at The Wall Street Journal 10:30AM Weather Disruptions Hit Jobs Report at The Wall Street Journal 10:16AM The Jobs Report's 'Truly Alarming' Takeaway at The Wall Street Journal 10:15AM Economy Added 115,000 Jobs in April, Unemployment Fell to 8.1%
at Barrons.com 10:12AM InPlay: Further slippage
for stock indices -- Dow -107, S&P -13.9, Nasdaq Comp -41 Briefing.com 09:49AM Stocks to Watch: LinkedIn, Dolby Labs, Estee Lauder at The Wall Street Journal 09:39AM InPlay: Stock indices
extend opening pressure -- Dow -84, S&P -10, Nasdaq Comp -33 Briefing.com 09:38AM [video] Challenger: Not Enough Growth To Create Jobs at TheStreet 09:36AM Estee Lauder Earnings: Margins Expand, Stock Falls at Wall St. Cheat Sheet 09:33AM Live! From New York! It's Jobs Friday at The Wall Street Journal 09:28AM Duke Energy Earnings: Profit Dips By This Much at Wall St. Cheat Sheet 09:25AM Live! From New York! It's Jobs Friday at The Wall Street Journal 09:23AM Economy Added 115,000 Jobs in April, Unemployment Fell to 8.1%
at Barrons.com 09:19AM Jobs Report Stinks But Stocks Don't Collapse at Forbes 09:17AM Estee Lauder Earnings: Margins Expand, Stock Falls at Wall St. Cheat Sheet 09:15AM Pre-Market Primer: Job Creation Hits a Six-Month Low at Minyanville 09:13AM Duke Energy Earnings: Profit Dips By This Much at Wall St. Cheat Sheet 09:10AM SPDR S&P 500 ETF and Bank of America Among Most Active
Stocks in Pre-Market Today on the NYSE at Minyanville
09:08AM Why Did the Unemployment Rate Drop? at The Wall Street Journal 09:00AM Everything You Think You Know About the Flash Crash Is Wrong
at Minyanville 08:51AM Economy Added 115,000 Jobs in April, Unemployment Fell to 8.1%
at Barrons.com 08:47AM Why Did the Unemployment Rate Drop? at The Wall Street Journal 08:37AM Ameren Earnings: Profit Streak Snapped by a Loss at Wall St. Cheat Sheet 08:14AM HERE COMES THE JOBS REPORT... Business Insider 08:14AM Live! From New York! It's Jobs Friday at The Wall Street Journal 08:14AM BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO
8.1% Business Insider 07:30AM Secondary Sources: Good Jobs, Unemployed or Retired?, Inflation
Expectations at The
Wall Street Journal 07:24AM Higher Earnings Could Propel Stock ETFs ETF Trends 07:00AM Higher Earnings Could Propel Stock ETFs ETF Trends 06:39AM Vital Signs: Slowing Services Growth at The Wall Street Journal 06:23AM Morning MarketBeat: Here Comes the Jobs Report at The Wall Street Journal 05:00AM [video] A "Moneyshift" Guide To Emerging Markets
Profits at TheStreet 04:08AM Icahn Reins In Short Position That Cut First-Quarter Gain Bloomberg
What
they really don’t tell you at graduation
Alexandra Petri |
Graduation is coming for millions of debt-ridden American college students
whose prospects are grim.
Crooks
and Criminals in High Places with Gerald Celente
Prisonplanet.com | Alex
talks with trend forecaster Gerald Celente.
There
Are 100 Million Working Age Americans That Do Not Have Jobs http://albertpeia.com/notinlaborforce.htm
The Economic Collapse | The unemployment crisis in America is much worse than you are
being told.
Max
Keiser on OWS, Financial Repression & Confronting Obama
Luke Rudkowski | Luke
interviews Max Keiser at Bryant Park on the greatest financial crimes the
system has committed.
Real U-3
Unemployment Rate: 11.6% [ http://albertpeia.com/notinlaborforce.htm ]
Zero Hedge |
Propaganda unemployment rate: 8.1%; Real unemployment rate: 11.6%. Reason for
difference: organic growth of labor force which grows alongside the broader
population.
The
Euro Area Economy Is Deteriorating At A Disastrous
Pace
Business Insider | In case
you forgot how quickly the euro area economy was deteriorating, here’s a look
at the latest reading of composite PMI for the 17-country region.
More
Americans Stashing Cash in Home Safes
Smart Money | Have
Americans lost trust in banks? More folks are keeping valuables at home,
whether in room-size vaults or under-bed safes.
Lack
of Trust – Caused by Institutional Corruption – Is Killing the Economy
Washington’s Blog | The signs
are everywhere: Americans have lost trust in our institutions.
Some pictures for the past quarter http://albertpeia.com/42712pics.gif
AP Business
Highlights
...Yahoo Market
Update…
Infowars.com | Now is the time to put an end to Obama’s
treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
Nancy Pelosi Wants to Amend the First Amendment Kurt Nimmo | When Pelosi says
“special interests,” she means interests opposed to establishment Democrats. [
Here’s a look at the pelosi / wobama styled new california ( 16 Reasons To
Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ) . pelosi’s incompetent
/ senile in that chronological order. At this point, wobama the b for b***s***
is just incompetent but acts and seems as if he’s senile, particularly with
regard to previous things he’s said and prior promises that he’s made. ]
_______________________________________
{ some prior links of current interest }