recovery

Full-Time Jobs Soar By 457K To Record High; Part-Time Jobs Tumble By 490K

In January, the recent trend of "part-timing" the US labor force abruptly reversed, and according to the Establishment Survey, the number of full-time jobs surged by 457K in January to a new all time high of 124,705K. At the same time, part-time jobs tumbled by 490,000 to 27,405K, the biggest monthly drop since last June.

Americans "Not In The Labor Force" Plunge By A Record 736,000

Trump will be happy to learn that in January, while the US economy added some 227K jobs, the number of people not in the labor force tumbled by a whopping 736,000, the biggest drop in our series history, bringing the number of Americans not in the labor force to 94,366.

US Futures Rise Ahead Of Payrolls Following A Surprise-Filled Asian Session

European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session.

Irreversible Damage - The U.S. Economy Cannot Be Repaired

The mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the course of the next year. The signs are already present, and this fits exactly with the basis for my prediction of the Trump election win - conservative movements are indeed being set up as scapegoats for a global economic crisis that international financiers actually created.

Will "Big Data" Make A Centrally Planned Economy Possible?

Most economists today would argue that the planned economy doesn't work, and in the last two decades of the twentieth century, almost all the planned economies shifted toward market economics. However, some people are starting to believe that - with the help of powerful new technologies - we can finally achieve a planned economy.

Reality Vs. The "Recovery" Narrative

Of course, these PCE (personal consumption expenditure) and Official Unemployment numbers tell us almost nothing about the real economy. But then again, the Fed can’t admit this either can they?

The Central Banks Pull Back: Now It's Up To Fiscal Policy To "Save The World"

The reason central bankers are pulling back from their previous "we can do no wrong, we're saving the world" expansion is those policies have failed to bolster the real economy. Even conventional economists who never met a central bank expansion they didn't love are grudgingly conceding that quantitative easing and all the other monetary expansions did little but make the rich richer and everyone else poorer.

Deutsche Bank Tumbles On "Very Weak" Q4 Results, Surging Client Redemptions

After staging a remarkable recovery in its stock price since last summer's record lows, nearly doubling from its September price, Deutsche Bank shares tumbled this morning after the bank reported a net loss of €1.89 billion for the fourth quarter, which while better than the €2.12 billion loss one year ago, was a big miss to the consensus expected shortfall of €1.32 billion.

'Unrest' Is The Only Growth Industry Left

As for the political field, unrest will continue and grow because the end of economic growth means the end of centralization, and our entire world, politically, economically, what have you, is based on these two things. Today, unrest is the only growth industry left. And it’s not going away anytime soon. It’s a new day, a new dawn, it’s just that unfortunately this is not going to be a pretty one.

60% Of US Metro Areas See More Businesses Close Than Open

It may come as a surprise that Americans are less likely to start a business, move to another region of the country, or switch jobs now than at any time in recent memory. But dynamism is in retreat nationwide and in nearly every measurable respect.

Is A US-German Trade War Imminent?

Trump has accused Germany of not doing enough to increase its imports while having such a sizable trade surplus, and in October, the U.S. Treasury Department listed Germany as a country to watch because of its current account surplus. So is a trade war with the U.S. next?