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The PunchLine: Dislocation, Dislocation, Dislocation
Despite the strong consensus view that the U.S. is on a stronger economic footing than a year ago, and clearly working with stronger momentum than other major economies, The PunchLine's Abe Gulkowitz suggests the scary array of possible flashpoints in the U.S. and certainly overseas will continue to haunt policymakers and the markets.
U.S. labor markets have improved over the past year. Yet a range of indicators continue to point to significant underutilization and slack in U.S. labor conditions, particularly meager wage gains and adverse labor market participation rates.
Europe will not make much positive contributions to global growth in 2014, and forward trends point to numerous downside risks even for 2015. U.S. re-engagement in Iraq, and tensions in Ukraine will also punctuate the outlook with intermittent bouts of uncertainty.
Concerns about waning Chinese growth are suppressing demand for commodities, limiting Latin America’s upside and has come with a surge in the U.S. dollar.
These conflicting developments highlight the awkward challenges the Fed faces in charting a tightening posture, and in steering market expectations on the future course of interest rates.
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The best faux recovery a printing machine can buy.
The Debt Clock show the US debt at 17.75 Trillion and on this day in 2012 it was 16 Trillion. 1.75 Trillion in two years, now that is some serious ass recovery.
Not that anyone gives a flying fuck.
This is Captain Yellen speaking. I would like to remind our passengers, in the strongest language possible, that the Titanic is, indeed, unsinkable. Even if we were to strike an iceberg.....Even if we were to run straight into a sheer cliff, the cliff would step aside and say, 'pardon me, ma'am'.
yup, Breadlines and Cybercircuses
A little evening HUMOR.
...or this, The Pied Piper of Kenya:
http://en.wikipedia.org/wiki/File:Hameln1.jpg
Both people and governments have lived beyond their means by taking on debt they cannot repay. Over the last several decades we have created entitlement societies built on the back of the industrial revolution, technological advantages, capital accumulated from the colonial era, and the domination of global finances. Promises were made on the assumption that the advantages we enjoyed would continue.
Ever greater prosperity and entitlements were to be sustained through debt financed consumption growth. In that eerie fantasy world, debt fueled consumption was to be the catalyst to bring about evermore growth. Now reality has begun to come into focus and it is becoming apparent that this is unsustainable. The entitlements and promises that have piled up have become overwhelming. More on why this system will fail in the article below.
http://brucewilds.blogspot.com/2014/08/modern-monetary-theory-is-wrong-d...
Only thing is our Kenyan is the largest rat of the pack. Say anything, do anything, for the sake of the political and economic agenda. This is the end game for the US.