What Could Pop The Everything Bubble?

By Charles Hugh Smith Re-Blogged From http://www.Silver-Phoenix500.com

A Crisis That Can’t Be Solved By Just Printing More Dollars

I’ve long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the $1 trillion out of thin air—nothing could be easier.

This is the lesson of the past eight years: if a problem can be solved by creating new money and buying assets, then central banks will solve that problem.

Continue reading

Advertisements

Stores Struggle to Find Workers Amid Retail ‘Armageddon’

By Thomson/Reuters – Re-Blogged From Newsmax

U.S. retailers are finding it increasingly difficult to hire employees for stores and for middle and higher management as low pay and a feeling of uncertainty clouds the industry following a spate of bankruptcies and store closures.

Retailers including Macy’s Inc. and J.C. Penney have said they will hire the same or fewer seasonal workers for the holidays this year than last, while some, like Wal-Mart Stores Inc., have chosen not to hire temporary workers at all.

Image: Help Wanted: Stores Struggle to Find Workers Amid Retail 'Armageddon'
(Ronfromyork/Dreamstime)

Jobless Claims Hit More Than 44-Year Low

By Thomson/Reuters – Re-Blogged From Newsmax

[Fewer people losing jobs is good news, but it doesn’t address how many Americans have been unemployed for so long that they’ve given up hope of finding a job. I prefer this ‘Participation Rate’ chart. -Bob]

The number of Americans filing for unemployment benefits fell to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.

Initial claims for state unemployment benefits dropped 22,000 to a seasonally adjusted 222,000 for the week ended Oct. 14, the lowest level since March 1973, the Labor Department said on Thursday.

Job Growth Slows

From Thomson Reuters – Re-Blogged From  Newsmax 

U.S. job growth slowed more than expected in August after two straight months of hefty gains, but the pace of increase should be more than sufficient for the Federal Reserve to announce a plan to start trimming the massive bond portfolio it built to support the economy.

Persistently sluggish wage growth could, however, make the U.S. central bank cautious about raising interest rates gain this year.

The Labor Department said on Friday nonfarm payrolls increased by 156,000 last month. The economy created 399,000 jobs in June and July.

“We see nothing here that prevents the Fed from initiating its balance-sheet reduction plan at the September meeting,” said John Ryding, chief economist at RDQ Economics in New York.  Continue reading

The Fed Just Admitted It No Longer Has A Clue What’s Going On

By Graham Summers – Re-Blogged From http://www.Gold-Eagle.com

The Fed July FOMC minutes that were released last week were nothing short of extraordinary. However, to fully appreciate just what the Fed admitted, we first need a little background.

From November 2016 until June 2017, the Fed was pushing a hawkish agenda. The running mantra at this time was that the Fed would raise rates 3-4 times in 2017. As the year progressed, the Fed also began talking about shrinking its balance sheet.

The Fed’s justification for these moves was that inflation was rising and the economy was strong enough to tolerate these moves. As a result the Fed hiked rates twice, first in March and then again in June 2017.

Continue reading

Continue To Beware The Job Numbers (Is it The Bureau Of Labor Statistics Or Bureau of Lying Statistics?)

By David Haggith – Re-Blogged From http://www.Silver-Phoenix500.com