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Old 01-07-2019, 04:02 AM
Danny B Danny B is online now
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,281
QE, the only game in town,,,BS from the BLS

“Italy has got four trillion in loans they said there are not going repay… France has got a similar situation but they’ve got civil unrest with the population burning down Paris."

'When market tumbled in 2015 and 2016, global central banks embarked on the largest combined intervention effort in history. The sum: More than $5 trillion between 2016 and 2017, giving us a grand total of over $15 trillion, courtesy of the U.S. Federal Reserve, the European Central Bank and the Bank of Japan:"
"When did global central-bank balance sheets peak? Early 2018. When did global markets peak? January 2018."
"In September 2018, for the first time in 10 years, the U.S. central bank’s Federal Open Market Committee (FOMC) removed one little word from its policy stance: “accommodative.” And the Fed increased its QT program. When did U.S. markets peak? September 2018."
"the ECB slowed its QE program and finally ended it in late 2018.
The DAX peaked in January 2018, as the ECB started reducing its QE program."

"What’s the larger message here? Free-market price discovery would require a full accounting of market bubbles and the realities of structural problems, which remain unresolved. Central banks exist to prevent the consequences of excess to come to fruition and give license to politicians to avoid addressing structural problems. And by preventing these market forces from playing out at each sign of trouble, the can gets kicked further and further down the road. Each successive recovery keeps the illusion alive,"
So, our wages wouldn't suffice to keep it all going. Free money for the bankers was the answer.

U.S. economy added 312,000 jobs in December and wage growth ...

Despite the headlined number (subject to revisions, including months after the fact), the Bureau of Labor Statistics (BLS) admits that “(t)he confidence level for the monthly change in total employment is on the order of plus or minus” hundreds of thousands of jobs.
"The Labor Department’s so-called “birth-death model,” estimating net non-reported jobs from new businesses minus losses from others no longer operating, is a convenient way to add jobs that may not exist.

The BLS assumes workers from non-operating companies are employed elsewhere. From 30 – 50,000 more jobs are added monthly, assuming new business creations whether or not they exist."
" True unemployment is 21.3%, according to economist John Williams, reengineering the number based on how it was calculated in the 1980s – before numbers were manipulated lower to create the illusion greater jobs creation, low unemployment, and prosperity than exist.'

1/05 Bank of America says it’s ‘time to buy’ stocks and junk bonds – Bloomberg
Evidently, THEY are planning to sell these stocks to you.
1/05 Trump’s Fed attacks show why markets should set interest rates – The Hill
True, but, if the markets set the interest rate, the State would be broke long ago.
1/06 Iran’s central bank proposes slashing four zeros from falling currency – GATA
How about that? both Venezuela and Iran have LOTS of oil. Both have slashed at least three zeros off their currency. When will Saudi Arabia follow?
1/06 U.S. Senate’s first bill, in shutdown, is defense of Israel from boycotts – Intercept It's all about priorities.

1/06 Hacker group says ‘9/11 papers’, will ‘burn down’ US deep state – RT
Bring weinies and marshmallows.
Kunstler is at his pessimistic best.
And the Circus Came to Town - Kunstler
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