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Old 02-21-2019, 10:56 PM
Danny B Danny B is online now
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,494
Smoke & mirrors,,, trying to kick the can a bit further

Armstrong, " in Illinois, there are more than 19,000 retired teachers who get OVER $100,000 per year in their pension"
"The government will do ANYTHING to protect itself."
OK, will GOV kill off the FED and implement MMT to keep itself going?

"Achieving success through hard work, intellectual accomplishment, or a superior product is antiquated and passé. Success is achieved through regulatory capture, bribing politicians, financial engineering schemes, monopolization of markets, and the power of propaganda."
"What leaps off the screen is how businesses are created out of thin air delivering no value to society. It’s all smoke, mirrors, and superficial virtue signaling designed to lure intellectual lightweights to pretend they are a mover and shaker in their social media driven world. "

Along with the loss of morality, there is a general lack of character. Whatever we want, we want it now. If things don't go our way, we immediately get stressed out.
We want to be happy with no effort.

Here is an article that lists quite a few things showing that we have peaked and, are headed down.
Two-Year yield bottomed September 2011
Five-Year yield bottomed July 2012
Ten-Year yield bottomed July 2016
The 30+ year bond bull market is done."

A recession indicator with a perfect track record over 70 years is close to being triggered

"The unemployment rate is often called the most important barometer of a coming recession."
OK, Shadowstats shows the true unemployment rate, using the previous method for figuring this figure. It's now about 22%.
Alternate Unemployment Charts

Since the unemployment rate is so important, it is sure to be falsified.
"Lavorgna says there's probably just a 1 in 3 chance of a recession and he expects the unemployment rate to head lower again, not higher.
The unemployment rate, at 4 percent, is currently 30 basis points from its recent low."
GOV is having to pump in lots of liquidity to make up for a;ll the lost wages. In spite of all the printing, the markets are starting to unwind anyway.
"The unemployment rate has been a perfect forecaster of recession, and it appears to be edging closer to triggering that signal.

"It's never been wrong. It's something to watch," said Joseph Lavorgna, chief economist for the Americas at Natixis."
Because of wishful thinking, people look at the unemployment rate and ignore that 96.2 million Americans of working age are not in the labor pool.

2/21 Major Chinese port bans Australian coal imports – Bloomberg Sorry OZ, you're toast.
2/21 Shocking Philly Fed collapse: biggest drop since 2011 – Zero Hedge
"As you can see, about $3.3 trillion — or 48% of all current outstanding commercial debt — comes due by 2023. The timing could be problematic."
2/21 Yield curve inverted out to seven years – Mish Bad news for bonds.
2/21 American investor Jim Rogers warns of grim future for japan – Japan Times
What do you expect when you destroy the family to prop up the banks?
2/21 US housing market in freefall as new buyers can’t afford a home – Zero Hedge
All that wet-ink money that went to money renters drove up the prices.
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