The Survey Says!
Total nonfarm payroll employment rose by 165,000 in April, and the unemployment rate was little changed at 7.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, food services and drinking places, retail trade, and health care.
There were huge revisions (positive) in last month’s report and the combination drove the market higher, as both were “much better than expected.” Is this justified?
http://market-ticker.org/akcs-www?post=220385
http://usawatchdog.com/fed-money-prin… - Karl Denninger of Market-Ticker.org says Fed money printing is no longer working, “We’re seeing the leading edge of a great deal of softness, and this means the Federal Reserve’s money games have run out of gas.”…
Another Attempt To Advocate The Destruction of America
It is one thing to honestly put forward a question for scholarly debate.
It’s another to intentionally mislead with a slanted agenda.
The latter is what’s going on here.
What if there was a program that would cost nothing, improve the lives of millions of people from poorer nations, and double world GDP? At least one economist says that increased mobility of people is by far [...]
market-ticker.org
Gee, what a surprise…
In January, consumer credit increased at a seasonally adjusted annual rate of 7 percent. Revolving credit was little changed, while nonrevolving credit increased 10 percent.
Yep.
Revolving credit (non-adjusted) was down, $19.5 billion to be exact. Non-revolving was up $29.2 billion in total but ex-student loans it increased just $3.4 billion, so roughly 88% of all non-revolving new credit in January was student loans.
READ MORE
Mac Slavo
February 25th, 2013
SHTFplan.com
They’d have us believe that happy days are here again. And, if your only source of information for economic news is the mainstream media and their talking heads, then in all likelihood you’ve bought into the hype about an economy on the rebound, consumers being more confident, housing prices in recovery and a government that’s soon to resolve America’s fiscal woes.
Nothing could be further from the truth. We are [...]
market-ticker.org / By Karl Denninger /
Here’s the bottom line folks:
These are the major spending items in the US Budget, from 1980 to today. I am ignoring all the ones that don’t matter, and I’m also intentionally leaving in one foil often used by both sides of the debate for scale purposes (Education.)
Of particular interest (and alarm) is Welfare, which doubled from 2007 to 2010. But — it appears to have come down some [...]
market-ticker.org
Richter 9+ in California please.
“2,800 people in California were killed last year by gunfire,” Skinner said. “It is easier to buy bullets than cough medicine or alcohol. It should not be that easy. We need to have much more scrutiny when it comes to the purchase of guns.”
Monday she unveiled Assembly Bill 48. It would require bullet buyers to show identification. It would also require ammunition dealers to be [...]
Bet you didn’t know what’s hidden in The Gun Control Act of 1968.
The Treasury Secretary is vested with the right to ban importation of any firearm he finds “does not have a sporting purpose.”
While this authority is “currently” delegated to the BATFE, it doesn’t have to remain delegated. In fact, there is nothing legislative about that delegation to the best of my knowledge, which means it can be revoked by [...]
market-ticker.org / By Karl Denninger / January 5, 2013, 23:50
As you folks all know I’ve been pounding the table for years about the fact that if we’re serious about addressing what’s wrong with our budget we must break the medical monopolies.
Indeed, there’s an entire sub-category of Tickers dedicated to Health Reform, which I started writing on when the entire Obama mess began and the discussion took off in earnest.
But lately I’ve been asked to look once [...]
market-ticker.org / By Karl Denninger / December 30, 2012, 14:39
The latest is that Reid says that “Democrats are not in a position to make a counteroffer to Republican proposal.”
But what are the details of both, and do either of the positions make a material difference in the deficit?
The answer is who cares because the second question is answered NO.
And the reason the second question is answered “no” is because if either party moves off their [...]
Back To Fiscal Cliffs
market-ticker.org / By Karl Denninger / December 19, 2012, 11:38
The latest is that Obama has issued a “veto threat” over Boehner’s “Plan B.”
A laughable response, of course, since The Senate was never going to pass it in the first place. Indeed, I doubt you could manage to get it on the floor of the Senate, say much less get an affirmative vote, given Reid’s control of the chamber.
The simple [...]
Oh wait a second… ah, here’s the truth (and it’s not good.)
The working-age population went from 243,983 to 244,174 (thousands), an increase of 191,000 working-age people. But the total number of employed people fell from 144,039 (thosuands) to 143,549, a loss of 490,000 actual employed people!
The spread is even worse, of course — closer to 3/4 of a million workers, because you must account for the population increase as well.
http://market-ticker.org/akcs-www?post=214659
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http://twitter.com/laurenlyster
http://twitter.com/coveringdelta
Welcome to Capital Account. I’m Lauren Lyster in Washington D.C. US Presidential candidates Mitt Romney and Barack Obama may be gearing for a “face-off” in their first presidential debate this Wednesday, but are they both already losers in the deficit debate? Can any amount of rhetoric fill the gaps in their deficit plans, and where is the country headed without sound math, let alone sound MONEY! And what [...]
In this episode, Max Keiser and Stacy Herbert discuss boom boom sticks and squeaky wheels and ask whether spending on the military is more libertarian than spending on teaching prostitutes to drink responsibly. And they envision a post leveraged buyout America in which we open up Fort Knox and find only a printer. In the second half of the show, Max Keiser talks to Karl Denninger of Market-Ticker.org and the [...]
Isn’t it amusing how this is entirely ignored within the markets?
“The U.S. fiscal gap, calculated (by us) using the Congressional Budget Office’s realistic long-term budget forecast — the Alternative Fiscal Scenario — is now $222 trillion. Last year, it was $211 trillion. The $11 trillion difference — this year’s true federal deficit — is 10 times larger than the official deficit and roughly as large as the entire stock of official debt in [...]
More proof Karl was right in his ticker: http://market-ticker.org/akcs-www?post=2….The Chinese Would NEVER Backdoor Phones, Right? ,but maybe didn’t think big enough?
http://www.zdnet.com/former-pentagon-ana….
ZDNet linked article wrote..
“Summary: A former Pentagon analyst reports the Chinese government has “pervasive access” to about 80 percent of the world’s communications, and it is looking currently to nail down the remaining 20 percent. Chinese companies Huawei and ZTE Corporation are reportedly to blame for the industrial espionage.”
http://tickerforum.org/cgi-ticker/akcs-www?post=208646
Despite the government’s well massaged economic statistics the latest census data shows its bad out there. Really bad.
As world leaders finally begin to admit that we are smack dab in the middle of another Great Depression and the economy stands at the cusp of another earth-shaking collapse of the financial system, the US census reports that nearly 100 million Americans are now classified as living in poverty or are considered “near poor.”
That’s [...]
“…Malfeasance remains unchecked, unless something like the LIBOR scandal blows up. This isn’t the only problem with the British banks. Like their U.S. and European counterparties, the balance sheets need a thorough going-over to determine the true extent of the global financial debacle. The banks are not just lying about LIBOR.”
“Sometimes Being Responsible Means*****ing People Off”
By Janet Tavakoli
http://market-ticker.org/akcs-www?post=208144
Seriously what are the odds that a powerful group of international policy and mover and shakers meet and the next thing you know the market is crashing?
SELL IN MAY THEN GO AWAY!!!
Dow futures are now down over 100 points!!!
Chart of Dow futures, via FinViz:
FinViz
UPDATE: And now Japan is diving.
Nikkei
http://www.businessinsider.com/asia-morning-markets-june-4-2012-6
http://www.bloomberg.com/markets/stocks/futures/
http://finviz.com/futures_charts.ashx?t=6E&p=m5
I think when all the economies and countries are collapsing the masses will start to realise and then things could then get ugly [...]
http://market-ticker.org/akcs-www?post=206047
FLASH: Greek Banks Cut Off?
Flash off the rumor mill, unconfirmed — it appears the Greek banks were just cut off by the ECB.
If this is true then this is the latest “Gun up the nose” game by the Germans and ECB, and is almost-certain, in this political climate, to blow up their face (and quite possibly with shooting involved on the part of the Greeks too.)
This instantly hit the Euro [...]
Published on Apr 16, 2012 by RTAmerica
Tax week is upon us in the US and many Americans will have to pay the government, but are all Americans paying their fair share? April 17 is the deadline for all citizens to file their taxes but most Americans dread this day. The tax system has been a major topic for debate especially in this election year and many are calling for a change of [...]
“Investors in Greek bonds issued under foreign law rejected the nation’s attempts to restructure the debt at talks last week. In 20 out of 36 meetings, bondholders either turned down the government’s proposal, adjourned the talks or failed to achieve a quorum, according to a press release today from the Greek Public Debt Management Office. The key points here are that should Greece pay in full then the people who [...]
In this video, Max Keiser interviews Karl Denninger of Market-Ticker.org, discussing the U.S. economy, Facebook and the prospects for extending the U.S. bond rally. The first half of the video brushes up on SEC corruption and fears that the Volker rule, which prevents traders of semi-nationalized banks from making a profit off of other people’s capital, will not be honored.
Original Source
HB 1160, the bill that guts the onerous provisions of the NDAA — such as the suspension of the 6th amendment — comes up for its final vote in the Virginia Senate today around noon. Authored by Virginia’s greatest legislator, Rep. Bob Marshall, passed the Virginia lower house, the House of Delegates, by 96-4. It comes up for a vote in the VA Senate today around noon. Every Virginian needs [...]
Uploaded by kdenninger on Feb 24, 2012
Yes, silly season is in full swing, but you should understand clearly what’s going on with gas prices, fraud in the economy, and the promises being made by political candidates.
Demand real change folks. Time is running out.
Offer your commentary here on the forum: http://market-ticker.org/akcs-www?post=202502
Uploaded by kdenninger on Feb 24, 2012
Yes, silly season is in full swing, but you should understand clearly what’s going on with gas prices, fraud in the economy, and the promises being made by political candidates.
Demand real change folks. Time is running out.
Offer your commentary here on the forum: http://market-ticker.org/akcs-www?post=202502
by ZH
Those who actually recall the nuances of the endless Greek bailout may remember that at one point in 2010 and 2011, one of the main sticking points that threatened to derail the Greek bailout was the demand by Finland to collateralize its contribution to the Greek bailout package. Well, guess what: it’s back. Kathimerini reports that “Finland may sign a deal on securing collateral in exchange for its commitment to Greece’s [...]
From Karl Denninger (one of the founders of the Tea Party Movement):
On “Personhood” (Continued)
http://market-ticker.org/akcs-www?post=200426
“…Let us begin with the 4th Amendment:
4th Amendment wrote..
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons [...]
This one is truly a mystery for the ages, when it comes to the farce/epic scam/massive crime scene that is the wake of MF Global’s implosion:
After Delay, MF Global’s Missing Money Is Traced
The New York Times
January 31, 2012, 9:42 pm
By BEN PROTESS and AZAM AHMED
Investigators have determined what happened to nearly all of the customer money that disappeared from MF Global around the time of its bankruptcy last Oct. 31, but have not publicly disclosed [...]
Wow man, another story of illegal conduct that is unpunished and excused.
“A personal bankruptcy is supposed to cut borrowers loose from lenders and debt collectors, but Capital One Financial Corp.—one of the nation’s largest credit-card issuers—sometimes doesn’t want to let go.
….
It wasn’t the first time the company went after its customers for debts that had been snuffed out in bankruptcy, even though the practice is illegal. A court-appointed auditor concluded earlier this year [...]
Here You Go: It’s Over The Market Ticker ® – Commentary on The Capital Markets Posted 2011-11-21 11:14
by Karl Denninger
Here You Go: It’s Over
We’re done folks.
CNBC is reporting that there are now clients running out of the markets entirely because they do not believe their customer funds are safe.
That’s the end of it. The belief that there are more MF Globals has now taken hold. The thieves have pushed it too far [...]
http://market-ticker.org/akcs-www?post=198023
“There’s no point in continuing to play this game. MF Global showed us — you’re right, you hedge or you place your bet, you still lose your money! How many farmers, airlines, industrial producers and other legitimate entities using the market for risk management got screwed by that little game and why is it that Corzine is not in handcuffs? FINRA? What’s that — it appears Corzine didn’t have a [...]
MF Global fallout.
“The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not.And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad [...]
The “Shock Doctrine” is clearly at work again. Look at Italy’s new leader’s credentials, probably Mario Montihttp://en.wikipedia.org/wiki/Mario_Monti
Monti is the first chairman of Bruegel, a European think tank founded in 2005, and he is European Chairman of the Trilateral Commission, a think tank founded in 1973 by David Rockefeller.[4] He is also a leading member of the Bilderberg Group.[5] Monti is an international adviser to Goldman Sachs and The Coca-Cola Company.[6]
In Greece [...]
(1) end the looting (by Wall Street, the banksters, the multi-national corporations, billionaires, etc.) and
(2) start the prosecuting (see 1 above).
God knows I’m not a libertarian but Karl Denninger is right:
OWS: The Risks Facing America Today
http://www.market-ticker.org/akcs-www?post=195841
“…Again, as I’ve said for four years: We need a banking system because we do indeed need a way to clear payments so you can pay a bill or buy gasoline and food [...]
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