BLS

"Costs Are Rising, Wages Are Dropping" - The 'Real' Economy That Obama Left For Trump

As President Obama held his last press conference this afternoon, basking in the warm afterglow of an over-sampled poll showing his favorability near record highs, it would appear he (and the press corps) forgot to mention that for most Americans - the 80% in production and nonsupervisory roles - this morning's data showed real wages actually dropping for the first time since 2013. Not exactly the rosy picture of economic growth being spun by the media as Obama transitions to Trump.

What Wall Street Expects From Today's Payrolls Reports

With all eyes likely on wage growth indications in the subtext of tomorrow's payrolls report (following The Fed Minutes' comments on full employment), Goldman Sachs is forecasting a better-than-expected 0.3% rebound in average hourly earnings (helped by more favorable calendar effects) and a better-than-expected 180k payrolls print (albeit with a small rise in the unemployment rate). However, they are careful to note that any downside can be blamed on "a considerable drop in temperatures."

Something Wicked This Way Comes

"The narrative about an improving economy, thriving jobs market, and glorious future is bullshit. I know it. You know it. And your establishment puppeteers know it. But only “fake news” sites would dare reveal these inconvenient truths."

Toward A New World Order, Part III

A new world order is coming of age and the transition is painful to accept for a Western middle class with a deep-seated sense of entitlement.

PPI Comes In Hot: Core Producer Prices Jump Most Since 2014

While retail sales came in disappointing for the month of November with October revised downward, the Fed, which is certain to hike rates, got some help guiding its decision when moments ago PPI, or the Producer Price Index for Final Demand came in far hotter than expected, rising 0.4% in November, well above the 0.1% expected, and above last month's unchanged print.

Why The Mainstream Media Is Freaking Out

In a democracy, trust must be earned. It cannot be imposed. The days of captive audiences are over. The monopoly on "news" and propaganda has been broken for good.

Breaking Free From The Captured Media

In its panicky rush to demonize the independent media via baseless accusations of "fake news," the mainstream press has sunk to spewing "fake news" of its own.

Not Remotely Data Dependent

Should the FOMC “hike” in December, it will again have nothing to do with economy or recovery.