Bureau of Labor Statistics

9 Of The Top 10 U.S. Occupations Pay Miserly Wages

The 10 largest occupations include retail salespersons and cashiers, food preparation and serving workers, general office clerks, registered nurses, customer service representatives, and waiters and waitresses. That combined group of workers accounted for 21 percent of total U.S. employment in May 2014. Only one - registered nurse - makes more than the national average when it comes to all U.S. jobs.

Peter Schiff: "Mission Accomplished"

"The new rounds of rate cutting and Quantitative Easing that the Fed will have to unleash will echo the military "surge" in Iraq in 2007. Those fresh troops were needed to roll back the chaos that the Administration had ignored for so long. But just as that surge only bought us a few years of relative calm, look for the gains brought about by our next monetary surge to be even more transitory. That is a development for which virtually no one on Wall Street is preparing."

The Market’s Gamblers Are Pumping Air

The Fed pricked the financial bubblethis week as expected. Janet Yellen’s press conference couldn’t have been more perfect as it confirmed that the money printers have come to a stark dead end. The fact is, the global economy is deflating rapidly and the U.S. is sliding into recession. But our Fed chairman is clueless about what’s happening. She and her posse of money printers are going to get bushwhacked by reality in the year ahead.

Sprott Money's picture

Economic Disaster

Now, slave, get back to work, if you have a job, and make sure you save some energy for your other part time employment as you will be going to those jobs later today. 

Today Will Be A Watershed Moment For Financial Markets

We have reached the apogee of history’s greatest credit inflation. Now we’re hurtling into a prolonged worldwide deflation. You can already see this deflation in the plunge of oil, iron ore, copper and other commodity prices. We are in uncharted waters after nearly 20 years of madcap money printing by the Fed and other central banks. The world’s central banks are finally out of dry powder. They no longer have the means to inflate the global credit and financial bubble. That’s why today’s FOMC meeting is the most crucial inflection point since 1929.

Peter Schiff Exposes The Real Problem Facing The Fed

The real problem for the Fed will be how foolish it will look if it does raise by 25 basis points and is then forced by a slowing economy to lower rates back to zero soon after liftoff. At that point, the markets should finally understand that the Fed is powerless to get out of the stimulus trap it has created. But it looks like the Fed would rather look foolish later when it's forced to cut rates, than look foolish now by not raising them at all. The Fed’s rocket to nowhere will hover above the launch pad for a considerable period of time before ultimately falling back down to Earth.

10 Things More Likely To Kill You Than Islamic Terror

"I am not terrified of the terrorists; i.e., I am not, myself, terrorized. Rather, I am terrified of the terrorized; terrified of the bovine masses who are so easily manipulated by terrorists, governments, and the terror-amplifying media into allowing our country to slip toward totalitarianism and total war." – Dan Sanchez

Australian Media Throws Up All Over 'Stellar' Jobs Report: "Don't Believe The Jobs Figures!"

"the seasonally adjusted labour force estimates from the Australian Bureau of Statistics for October sound incredible and they should be treated as just that: not credible.  Don't believe politicians as they gloat and claim credit. Don't believe the wire services when they report the estimates as fact....  The former chief statistician recently said the data was not worth the paper it was written on."

Methods For Fighting Back Against Collectivist Tyranny

There is a driving desire among weaker-minded people to seek control over other people in the name of arbitrary standards of safety as well as arbitrary standards of “civil” conformity. While such people proclaim publicly that they do what they do for the “greater good,” in reality they seek only to satiate a private lust for power. Any fight for freedom from collectivists will require the removal of command and control. This is the only way that humanity can be given breathing room to rebuild without remaining under constant preplanned threat.

Social Security: The Long Slow Default

Social Security has long been sold to the public on the notion that what a worker will receive back is what he or she pays into the system. For decades, however, the government has been changing the terms of this "agreement" as part of an effort to avoid outright default, hiding it, instead, with a long, slow method of piecemeal default.

The End Of The Fed's Self-Deluding Feedback Loop Of False Information

The world is bankrupt after thirty years of borrowing from the future to throw a party in the present, and the authorities can’t acknowledge that. But they can provide the conditions for disguising it, especially in the statistical hall of mirrors that once-upon-a-time produced meaningful signals for the movement of capital. The Dow, the S&P, and the NASDAQ are the only signaling mechanisms that the legacy media pays attention to, and the politicos take their cues from them, in a feedback loop of false information that begets more delusional positive psychology in those same markets.

The Recessionary Signals Of A 5% Unemployment Rate

"Historically, the statistical or mathematical properties of the financial markets have shifted as the economic recovery nears full employment (i.e., at about the 5% unemployment rate the contemporary recovery has reached). Traditionally, at this point in the recovery, the stock market suffers more frequent declines, bond yields rise more often, average annualized returns from both asset classes are lower, diversification benefits tend to diminish, and recession risk is enhanced."