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Americans Not In The Labor Force Rise To Record 93,194,000
In what was an "unambiguously" unpleasant April jobs payrolls report, with a March revision dragging that month's job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy.
End result: with the civilian employment to population ratio unchanged from last month at 59.3%, one can easily on the chart below why there will be no broad wage growth any time soon, which will merely allow the Fed to engage in its failed policies for a long, long time.
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I like his lapel pin. We are certainly a country in distress.
Upside dowm
In so many ways..................
I'm still cracking up seeing the vintage Rev Al framed picture. It should be in every WB7 picture from now on....like a remarque or find Waldo.
I can't stop laughing myself
Except I am looking at a picture of him being burned at the stake.
still cracking up seeing the vintage Rev Al
Do you know your son played hooky from school and visited the Whitehouse 9 times?
https://www.youtube.com/watch?v=My-okFq8XSk
Big Tax Cheat snever go to jail. Those cells are reserved for the little peeples.
But....unemployment is at all time lows according to the gubmint i mean cnbc i mean the fad.....o gosh I confused again as to whose who.......BTFD fo life!!!!
The funniest thing of the day Bloomberg says other thing: U.S. Unemployment Falls to Lowest Level Since May 2008. When this regime will stop lying to the American people? Any Idea?
I dunno maybe when this bitch collapses and they come out and say we didnt see this coming.
When will media stenographer motherfuckers who know better stop lying FOR this regime to the AmeriKan people?
Almost exactly half the voters will say this number is all about boomers retiring, maybe add how much worse things would be without president peace prize to lead us from the darkness.
Stupid people (democrats) obviously believe that people who retire want a job....
They don't want one, they need one.
+ Forced into early retirement
+ Tech BUST
+ False home equity expectations fuled by excessive "financialization"
___________________________________________________________
= FUCKED OVER
Stupid Republicans believe people will actually be able to retire.
I retired at 47.......and stupid people like you don't know what the definition of Labor Force Participation rate is......
Two cheeks of the same arse - R/D.
All the Lies about Free Trade & Globalization are coming home to Roost.
- I'm pretty sure if they have to manage a Collapse again like they did in 2007 when it was very Obvious, not only will they pick the losers in the Collapse, they will trigger a war to cover it up, like a world war with a Draft to distract the people from who the guilty parties are
- To my mind they are all guilty, Political Appointees, heads of Agencies, Federal Elected Officials, Fake Federal Economist, MSM Pundits, Editors, talking Heads, Publishers
- The MSM in the USA could have been the Best in the World, Best in Class, but TV Programing made kids stupid and Sold Products
- Any Great Consumer Nation must be both Wealthy & Stupid, this is done through Ads & Propaganda & Fake Govt Statistics
- Military bases increase security...
- World Record Federal Spending on Everything even when DoD Budget is pulled back a little
- World Record FED Manipulation of Currency, Monetary Policy, Housing Subprime Bubble, Corporate Bailouts, QE, LIRP/ZIRP... without accompanying Fixes to the Banking, Financial, or Corporate System
- Negative Trends in Bread & Butter Jobs in USA, looks like Head & Shoulders on the Right Side of Chart
- US Money Velocity crashed from 1981, then free falls in 2008 from which it doesn't recover
- Loss of Wages in USA Accompanied by unlimited price increases in the major expenses, Housing, energy, Education, Health Care, govt fees and taxes, food
- Since Food, Energy, Housing, Health Care, Education, are commodities for the most part(not really) socialism is the only possible relief
- While National Assets or State Assets continue to be privatized making social programs less feasible in the Future, Privatization places state assets in the hands of Profiteers who can double and triple the costs in the first few years, almost a Chinese type arrangement
- National Stockpiles, Energy Reserves, Emergency Crops and Meat, Emergency Production of durable goods, Water & Fuel reserves... all seem under planned
Q: What do you call William A. Niskanen, Roger Porter, and Paul Krugman decorating lamp posts?
A: A good start.
Answer: Dimly lited bulbs
We need to elect another 40 year old as president. ....just flush it
Mr president should use his phone & pen to get those people the shovel ready jobs.
Perhaps a big public works project like drinking water canals and aquaducts for the weatern US?
Dust Bowl Era - Conservation and Production Research Laboratory
Progressives forget history. Collectivism is daylight theft.
That is pretty racist expecting people to work for their EBT
If he brings up drug testing them, I will SPLC him so quick!
half of them would drop dead doing any labor that requires some form of exertion.
dup
Then half the problem is solved.
Then half the problem is solved.
It's only racist if the white people collecting EBT have to work, because they make up the majority of those on food stamps.
And they make up the majority of the population.
Did you have a point?
Care to express it in percentages?
Didn't think so.
Too late
We'll subsidize your robots to build a stronger GDP forecast.
93 million out of 330 million? (probably about 200 million adults)/. Doesn't sound like 6 percent unemployment to me.
They don't need no stinkin' math
Common core math excludes U-6 BLS data. Only U-3 can be illustrated.
With a Pineapple no less!
http://www.rollingstone.com/tv/videos/watch-john-oliver-explore-insanity...
Based on the IRS tax receipts there are 132 millionish people working. Out of that around 75 million are true full time jobs. SO you have roughly 30% more people out of the labor force than actually work a full time job.
WINNING!!!!
It's that new government math they are teaching my kids in school now. You will be drug off to the re-education fun camp shortly....
Sounds more like .28181818181818 % to me.
Times 100.
Pesky decimal point.
That's because you're not using Burea of Labor Statists math....
"One nation, on welfare, with EBT and Section 8 for all..."
I think they would actually be allowed to say that pledge in schools. Replaces God with government which is the goal.
That's very good.
How true.
lmao
lmao
Apparently only the illegals matter with regard to jobs ... since Obumblepuke wants full employment for illegals as part of the plan to destroy America.
How many illegals are unemployed? In the eyes of the government, they matter more than the rest of us.
Slave master Obama needs more slaves to enter United States to cover lost Social Security funds gambled away. He doesn't want the dried up fund to appear on his watch. Just ask a postal employee how Clinton funneled their pensions away.
Just more folks that get to spend more time with their famlies and also more time to shop!
No one in California knows about well water. Or what the current water table is. Stupid liberal fucks protecting their Government job, financed by the taxpayer.
It all changes when most don't have FRN to pay them there taxes, or refuse to.
Not counted as being unemployed so it doesn't matter.
Ditto
ditto, shadow unemployed. but looking here and there for the right job.
Run your own business and curl toes in the sand. Cannot suggest a future vision. I certainly wouldn't give this crony capitalism fucknuts any ideas. Let them die first. We can rebuild afterwards.
I love having fun conversations with people about how bad news sends the market up and good news send the market down. They all say it doesn't make any sense. How can good economic news cause the stock market to drop?
People don't understand how the greater fool theory works. If the Fed keeps printing money and giving it away, there will always be a greater fool to buy stocks at any price, because the next month somebody else will take the free money from the Fed and buy.
Good economic news means there will be no more free cash, which leaves whoever bought the massively overvalued stocks as the greatest fool. SO when good news hits, the fools sell.
We officially live in LA LA land.
No capex, low freight movement on rails or shipping, layoffs,
I;m amazed how far this lead balloon has flown.....
For an example of the greater fool theory, please the see the fourth stoog-ing's comment below.
Wage increase is stuck at around 2% since 2008 and real inflation has been at around 4+% according to shadowstats.com. The American middle class is slowly but surely losing its purchasing power at around 2%+ a year.
"a participation rate of 69.45". Really Tyler? Or is it 62.8 like actually reported and as it shows in the chart. Considering you wrote and entire two sentences you would think you could get the facts and main point of the article correct.
That many are financially independent now?
If by "financially independent" you mean:
panhandling.
on welfare,
on ebt,
selling on the black market,
collecting cans,
eating out of dumpsters,
scraping bubble gum off the sidewalk,
foraging in the wilderness,
living in their parent's basement,
living in a van down by the river,
then the answer is a resounding YES!
We come into this world naked and broke, why not leave the same way.
Indeed.
This physical body is only a mere container for the soul.
"For what does it profit a man to gain the whole world, and forfeit his soul? "For what will a man give in exchange for his soul? "For whoever is ashamed of Me and My words in this adulterous and sinful generation, the Son of Man will also be ashamed of him when He comes in the glory of His Father with the holy angels." - Mark 8:36-38
Financially speaking, they say it's done right when the check to the mortician bounces.
The total number of employed also hit an all time high. Yawn.
Public school? It shows.......
The fact of the matter is that Obama is proof that Affirmative Action is an abysmal failure....
Wallet money vectors from the pocket of labor. Only, it doesn't vector to their neighbors wallet. It goes on to pay down loans, and during loan pay down it disappears.
During housing bubble, people got themselves in debt and hence the future must pay. The future is now, as people must grab money from money supply to pay down private debts incurred during bubble.
Money is not in supply, as QE held housing prices high. Additionally QE funded financial paper in the stock market. QE money does leak down into transaction economy only slighlty, so labor has some transaction medium (money). Lower loop of transaction economy is mostly in drain. This drain means that wallet money cannot vector to your neighbor to then buy his output. Lower loop of economy is in drain, and that means depression. No money, then no demand. No demand then no jobs.
Since people cannot trade their output evenly, then jobs are not forming.
The real root of the problem is bankers who have inserted themselves in between credit and debt. Evolutionary history is one of credit and debt relations, where each of us owes each other in a mutual fashion. Dead beats would be shunned.
Money that already exists in the supply cycles in and out of transactions to settle debt/credit relations. A proper economy needs permanent money to do transactions. Permanent money is very efficient as it does not demand new usury to come into being.
Credit as money was created by bankers. Bankers get to hold a debt instrument on society. You and I, us sheeple, must go to banks to hypothecate ourselves, to then gain credit, which is then spent into the money supply. This credit always has a time function, which means it drains away to nothing, making us run on a tread mill.
Eliminate bankers as the third party parasite. No entity should be between our credit/debt relations that evolution has deemed correct for us.
Private bankers should not be making credit as money, and even more so, they should not be earning outrageous sums of usury just for keyboard entries. Their credit does not vector properly, and it puts humanity on a treadmill. The holding of debt instruments against humanity is a slavery system.
So, why the surprise? All systems predicate their output. We are in a slavery matrix.
www.sovereignmoney.eu
And October 2005 was the Top of the Housing Bubble, plenty of time to admit it and work on honest solutions.
I don't think they kicked the can down the Road.
I think they planned how to manage the Government Bailout and picked the Losers, then they got the Federal Govt to turn over management of the Bailout, so that they could socialize the loses and give themselves fees and Bonuses.
No Sarcasm. This is how corporations think.
The Conspiracy we still live in could have been Admitted by a Federal Government with Integrity & Honesty in 2007.
But no we still live under some kind of Coup of Power.
MEFOBILLS,
Just to let you know that I am a great fan of your posts. However, I have to admit that, I have not be able to ‘Get my Head’ around the Jewish thing that you’re so passionate about.
I just think that, if the Christians could take, say, this current ‘Economic Set-up’ from the ‘Powerful’ Jewish hands, not much would change. My opinion.
Anyway, now that you’re a Hedger, and spectacular writer, in my opinion, at least, you are not allowed to quit posting.
Hope that you can ‘Get your Head’ around of keeping posting.
Thanks.
By the way: Agree with you about Schacht and the way he managed Germany hyperinflation.
I am seeing a lot of pot hole repair with 80% of workers sitting on their arse. More "stimulus". And remember this report is seasonally adjusted and has the Company Birth/Death Guesstimates. I have feelers out in my big city area and no one is happy about job market as shown by Bloomberg's Consumer Comfort Index. I have a friend moving back to my area because the job situation in New Hampshire area is dire. Bose just had another large layoff.
Welcome to Omerica. You can keep your job if you have one.
For now anyway....
Oh, with 5.4% unemployment the money should be churning nicely. Not! https://research.stlouisfed.org/fred2/series/M2V/
MZM is like $13.9 trillion. People are to afraid to spend aand only will if it is something necessary.
Fairy dust numbers from the Bureau of Lies & Statistics; everything must look good for Emperor Goebbels. Fucking joke.
www.traderzoo.mobi
Obi1s :: 'Babbitt's, sophistic purple passage'... this extraordiary myopic T-PP, will finish americas middle-class!
[K]not much left of USSAs middle-class already with the under`employed/ unemployable moving into america's 'upper-extremities lymph-nodes', having already surpass'd 40% of a stagnant population relegated to the world's expendables!
The culling of america's?, or better said, ' the choreographed chipping-away-at it's-plymouth`rock-cornerstone'???
http://netrightdaily.com/2015/04/obamas-secret-trade-treaty/
Ps. my original post was obliterated by ZH not responding via internet 'POOF!'
There are over 50 million workers in the underground economy(hookers,pimps,mistresses,wives, drug dealers) they should be included in the work force. All spend a buck.
Hence the push for a cashless society.
And the examples you mentioned are only a small part of the black market economy.
yeah,... but with a 'cashless society' coming very soon to america as is already getting its leggs in europe, there ill be no moar cash for a 'black market'!
the hookers will have to except credit cards, and under-the-table workers a bartering system (work for food/ lodging, etc., etc.,!
but, no moar cash-a roo
perhaps u could rite? a personal check...
There will always be some cash. I am in Europe. Many people just use debit card to pay but cash is still prevalent. They also just minted a bunch of new 2 euro coins and 10 Euro notes.
BTW, what is a check? Haven't seen that here in over 20 years.
i stand corrected, a bit?there!
indeed, there're a lot of mattress-accounts spring`ing-up?, 'fill'd-to-the-max' with local currency, butt?, when the cash is slowly drained/depleted from the mattress-vault, there will be [k]no[w]? replinishing.
spend wisely my friend, or better yet, buy as much gold/ silver you can get your hands on without being traceable.
jmo
LOL you are funny
First time I saw gold Bullion was in Germany visiting a pub or disco type place. A smart young man with his friends was so proud he showed me a Poker Chip/Gambling Chip.
But I didn't know what it was.
It was a one Troy Oz Heraeus Round KineBar.
Let me clarify something for you, I see lots of myths about Europe spouted .
The big difference between European countries and the USA is that in Europe you MUST have a bank account. And to get one you need to show 3 forms of ID. one biometric.
In order to get PAID by anyone , whether an employer or govt. Everything goes into your Current account. IN Europe its called ''Current''Account , in USA I guess you call it a ''checking account'.
If you do NOT have a bank account you are considered an 'illegal'. Any employer paying under the table here is open to huge fines.
Sounds like you are an employee of the State. No papers, no work.
I America we don't require papers for everything and are overrun by illegals. The question is.....does it really matter if they are illegal if your government basically allows everyone in anyway? what percentage of people of the Netherlands have been born there?
And as far as being #4, China is #2 so you have some catching up to do!
I have been retired since age 60. no debt and home paid off and 4 pensions I worked for.
Papers for everything? WE have small govt per capita compared to USA. I bet you believe lots of myths. Actually I am much more free here than when I lived in the USA. No hassles by cops or govt.
BTW USA is dead last at number 192 on that list.
Forget about going cashless...not gonna happen. It will remain nothing but a wet-dream for the globalists.
These people are evil, but they are well aware of the history of attempts to 'corral' one's currency. It always leads to massive wealth destruction, because it destroys the value of the currency. Since all those rich 1%'ers hold their wealth in some form of currency, digital or real, they have to protect the currency. There are simply not enough real assets to convert all that phony wealth into. So, it remains as currency, or it goes bye-bye...
They have trapped themselves in their inflated economy. They are only wealthy as long as the currency is valid, since there is no way to convert it all into real stuff. So, it's a funny situation...sure, they're rich on paper, but only if their fellow rich folk agree not to do a 'run' on real assets. Because there aren't nearly enough to go around, and alot of wealthy folk will end up holding a whole lot of worthless fiat. That's also why they are so desperate to keep prices up...they have to 'soak up' all that inflated "wealth" and give all these billionaires something to spend it on. Once prices start declining, it will become harder and harder to convert that fiat into something tangible, and that is when people will start getting nervous. What good is it to amass billions if there's nothing worth buying? Or nothing available? It becomes rotting grain stored in a silo. Think about it...what good is having that extra 2 billion if there is nothing to buy with it? It's worthless to you or anyone else. TRY to spend all that, and you just inflate away your wealth as all that money chases fewer and fewer worthwhile assets.
You are rich, as long as you don't try to spend too much of it. So what good is all that extra? You can't spend it, and you don't dare allow all of it to enter the economy anyway, so it has to sit there, earning more dividends, etc. So you end up with even MORE money you can't spend. Evdentually you draw so much wealth out of the economy that it collapses, taking your entire 'hoard' with it.
If they try to go cashless, they create a global black market. Whatever currency ends up being used in the BM will displace whatever is currently being used. (Good money drives out bad) This would reduce the holdings of the 1% by a jaw-dropping amount. And there'd be no going back, no 'do-overs'.AND you'd have to coordinate this among ALL trading nations, or money will start flowing to countries percieved to be using 'real money', and that 'real money' will eventually fuel your black markets while your official currency becomes a worthless joke only used for tax payments.
They would love to do it, no doubt. But it's a big leap with no going back, and a whole LOT to lose if it doesn't work out perfectly.
My stocks are screaming higher this morning!
How's y'all's gold holdings doing?
Zero Hedge is the dumbest of the dumb money....
All money is dumb- all paper is dumb.
It's based on promises, conjured out of thin air.
Worthless paper.
Gee, that's dumb.
Guess that would make you the dumbest troll on ZH.
awesome--way to go-what are you long please do tell--and thanks for coming here to teach us
Hear that boys? Fresh meat. With all that buying power to the long side, there is still time to get out!
The gold I'm holding IN MY HANDS is doing just fine, thank you. How are all your digital 'wealth indicators' doing? Are they actually YOURS? Well, do you have them IN YOUR HANDS?
Keep us all updated...
While we all know that the employment numbers have been doctored for political purposes, and that we are really still in recession, I think the more important problem is who actually still have jobs and why.
They include:
1) Government employees, now paid more on average than private sector employees - and who, with certain exceptions, produce little or no useful goods and services for the economy.
2) Diversity hires in the private sector (minorities, women, gays, etc.). While some of them at least produce something, their positions are often suboptimal from an economic perspective, because in many cases better qualified applicants were not hired so that they could have a job.
3) The cabal, enough said, we all know why they still have a job.
4) White women, some of whom must work, and some of whom would prefer more time with their families - which would help with certain other problems in our society.
5) White males that collude with the cabal, or are otherwise "compliant" with the regime (either by choice, or out of fear of losing their job) - and who will not challenge the state of affairs in items 1) - 4) above.
So in general white males (the most productive and skilled members of our society) are either employed (as traitors to their ethnicity and sex, and living in fear), underemployed (disillusioned, and living in fear) or unemployed (and not counted in the statistics).
Any wonder why our economy is in the tank?
"I am on extended maternity leave" is a common email auto reply for govn and corporate types, so when you need to interface with that person, you must get the man replacing her up to speed - usually he has to take additional work for replacing her.
WE CAN HIT 100 MILLION!
LET'S DO THIS!
'Dreams of My Father!'
Demographics, kiddies. We boomers are done working for you and would prefer to sit back and collect rent from your kids.
GATT,... WTO, NAFTA, CAFTA[-DR], and the 'tout`fini'... TPP!
this grandiose fait`accompli gift to amerika'a hanging-middle-cha[d]ps... once called the backbone of democracy.
Indeed, the Marxist dreaded 'petty?bougeoisie' is coalescing with his beloved proletariet, where all but the '0.0001%' rule the ruse?
Is it tyme for america's 99% to reassert it's vioce?!?
Off topic: I clicked on the top left hand article in the heading, and it is a shill for credit cards. What are we coming to, Tyler's?
Gotta pay the bills.
And 65 million americans are drawing Social Security and SSI. Any lights on at home of is this just a tea party circle jerk? People are getting forced out of their jobs due to age (even in govt) and collecting benefits, which will add to the national debt (we know all this). The point is that the labor market is indeed "fine" - but there is collateral damage in the form of aegism via massive backstabbing in companies across the land..... just so happened that the grand recession coincided with the very peak of the aging of america.
BINGO!!!
and, that's where the Latino 'Land-Grab' fits the bill$$$
they'll use texas and california as their lost? land was actually illegally stripped from them by the american governments expansion... and now america is having a 'weak-moment-of consciousness?!?
bullshit!!!
this has been planned for years when LBJ and every president thereafter started writing unpayable 'IOUs' to SSA via the now defunct US Treasury?, along with the Medicare Tax that LBJ created to pay for Vietnam!
the senior citizens don't give a fuck if their grandchildren starve or haven't a job, as long as they get paid.
ps. and these are the over 62yr olds that are working today, collecting a SSA check and working a job that a young kid should have. period!
jmo
The number of Americans over 65 who are still in the workforce continues to grow. They can't afford to retire on Social Security, and are having to work longer to accumlate wealth necessary to support lengthier retirements.
This analysis finds two more significant factors to the decline in participation rates:
1. decline in labor force entry by young people going back to school in hopes that getting a college degree that will enable them to get a decent entry level job in an improving job market (hopefully, again, one that enables them to pay off their student loans)
2. decline in ability of less educated workers to find employment, partially due to loss of middle class jobs for those who chose not to continue their education beyond high school
http://viableopposition.blogspot.com/2015/05/explaining-dropping-labor-f...
Build the third temple so that Obama can march into it and demand to be worshipped.
The first neo-American temple, on a gigundo pyramid a mile high, where you cut out the beating heart of the president at the end of his term.
Manufacturing Renaissance!
Isn't it convienient... revised numbers. The whole mathematics for figuring unemployment is complicated enough without having to factor in revised numbers.
I mean hell, why not report whatever numbers you want so the market reacts and then revise them later when people find it less relevant. The whole system seems like a house of cards.
When you consider Janet Yellen just pretty much said that stocks are over valued (seemingly sure sign of a bubble) and no desire to raise rates... while also somehow stoping or easing liquidity.... it kind of makes you wonder if anyone knows what the hell they're doing.
Anyway... if someone has a better understanding that could explain it to a layman... I'm all ears.
When the US Dollar collapses in a debt spiral, and the Chinese buy out all the 'American' companies, they will 'take care of us'....
And we will deserve whatever we get.
No matter how badly they screw us, we keep reelecting them. The average time in in office for a federal judge ... who is appointed for life ... is 26 years. The average time in office for a congressmen ... who has to run every 2 years ... is 24 years.
Every poll says citizanes hate congress, but we give them what amounts to lifetime jobs.
The LFPR kind of masks a lot of things by lumping together totally different situations. For example, a 75 year old retiree who worked full time for 50 of those years is "non participating" while a person who is only applying to the minimum required to maintain unemployment benefits is "participating." Full time students are "non participating" despite the fact that they're actually engaged in perhaps the most economically productive activity of all. Even high school students count as non-participating, so if a kid drops out of high school and starts looking, unsuccessfully, for a job, that appears as if it were an improvement on the LFPR.
I think it makes more sense to break it in to four buckets- people who are working, people who are in school, people who need work and people who don't need to work. If you do that, you get a very different graph: http://politicsthatwork.com/blog/labor-force-participation-rate.php
That article does not account for the growing number of people out of the work force and "not looking for work" (or, as you euphamistacally dismiss it, "don't need to work"), other than making assumptions about them being either homemakers, retired, wealthy, or on disability. I would like to see more granularity about what the circumstances are for that growing number of dismissed workers. Assumptions leave lots of room for "let them eat cake" type misconceptions.
" --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security"
Ok, voting won't do it - neither will writing to your representatives.
So how do we go about this in a peaceful manner?
Ideas? ...
Oh... thats easy... we just protest in designated free speech zones.
Is there a dress code? I understand that red shirts go well with pepper spray.
Annual *increase* in average hourly earnings? I don't think so, unless you omit deflator entirely.
Important New Article at the NUKEPRO, debunking the junk on subsidies.
http://nukeprofessional.blogspot.com/2015/01/nuclear-subsidies-are-57-ce...
One of the NEW LIES in the playbook of the nukist is that nuke electricity generators should be given more money since they are "special" generators, couldn't have said it better myself, LOL. They state that wind and solar PV get subsidies of 30% from the Fed, therefore nuke should be paid more.
Hmmm...the average cost of electricity in the us is around 12 cents per kWH, but for nuke 5.7 cents of that is direct immediate and continuing subsidy (see the study below), neglecting of course the out years costs and waste "disposal".
That is 5.7 cents per kWH for every kWH that nuke makes throughout its lifetime.
So nuclear electricity generation gets a continuous 47.5% subsidy.
now how about solar subsidies....
http://nukeprofessional.blogspot.com/2015/01/nuclear-subsidies-are-57-ce...
nuke welfare
That was the plan during the cold war.
Russia was supposed to vaporize our cities, but then the lazy assed commies pussed out.
but... but... Krugman has this really unusual column today.
He says that things are fine and that anyone who disagrees with him is both stupid and evil.
So, you see, labor force participation rates MUST not matter.
Change You Can Believe In!
Funny you mention that, obombya has moar change in the werks, he is gonna change from President to Dictator with his secret "Citizens not allowed because the would revolt if they saw it" TPP power grab. He will be able to write gun and ammo bans into trade treatys and Congress will not be able to do shit about it. You just knew there was a power grab involved. Trade my ass.
http://www.infowars.com/secret-deal-could-contain-a-myriad-of-gun-restri...
"Secret Deal Could Contain a Myriad of Gun Restrictions, Ammo Bans!" "Will UN-style gun control be rammed down our throats?"http://townhall.com/columnists/michaelhammond/2015/04/27/ten-things-you-...
"Ten Things You Need to Know About Fast Track""One: "Fast Track Authority" Is, At Its Core, Nothing But A Significant Transfer Of Legislative Power To Barack Obama And His Immediate Successor."
Now would be the time to arrest, prosecute and execute Barak Obombya for his crimes, before he murders any more people. If progressive rinos let him get away withthis power grab it is all over folks.
Grimaldus
Until we see neighborhood pets and feral cats disappearing, know everything is fine.
Remember what I said?
Yeah you said it was a war between the Military & Bankers.
Only the Bankers keep winning and the Military Relies as much on Bankers as they do on Federal Budgets.
Why did you say something about NAFTA or CAFTA-DR?? Or Free Trade??
Hey the Military has been Outsourcing as a way of life back to Vietnam or the Civil War with Contractors. Think of the Montagyards and Hmongs used with the ARVNs. Now we saw a whole army of Foreign imported workers in Iraqi war to support AFEES, barbers, maids, cooks, whatever.
Military is winning, Bank lobby is losing.
There is a Military Intelligentsia at the Top Levels.
They are just so quiet, we never know what they are doing.
Think they will ever talk about national security of the Banking System, using Housing Bubbles which result in increases in Banking fees, higher insurance rates, higher local property tax, and higher dwelling prices.
If National Power is pulled like gravity to corporations who are mammoths or TBTF... would the Military ever speak out for their children?
How is the Game Played with Bankers. What Leverage does our Military have against the Reckless Banking Policies???
Perhaps Domestic Spying has a Valid Use After All (gladdens the Heart to think so)
Perhaps if rendition was used on Bankers, and the Bankers were delivered to Citizen Groups some place... then Citizen Groups could Video Tape what is to be done like abandon the Bankers without ID or Money in a hostile environment overseas some place.
Well it is just an idea. Military could do the whole thing really with balaclavas or masks on & CIA Planes.
Yes they do talk
Its not as simple as that : the energy lobby and military are on the same page : GWB's crusade proved that.
Oil and MIC protect petrodollar. That's the basic tenet of Dear Henry's Legacy, enhanced by Reaganomics and the FIRE economy that introduced slave labour meme after Berlin Wall collapse.
Military is now splitting against a runaway financial cabal that could BRING DOWN the cement of the triple Pax Americana network: massive military supremacy ensured Saud Ghawar Oil spring to feed WS stawks and petrodollar hegemony to service the "unholy" pact. That was the plank of US hegemony : three ingredients : Oil+ MIC+ Money line and we CAN't LOSE ! We OWN the world in US exceptionalism.
That's what is at stake today and if that triple alliance fails all bets are off!
Yeah, the military can't move without a lot of energy.
Actually we have an Expeditionary Corporatocracy. We send Engineering Firms like Halliburton all over the world along with state department negotiators to gain access to Oil, Gas, through construction of Water & Electricity Systems, sometimes this is hydroelectric power, sometimes funded by WB which the US has supported.
So lets add Engineering, Infrastructure Construction to the US Empire System
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** Petrodollar, Oil, MIC, Engineering & Construction **
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So, as I understand it, both the labor participation rate, and the unemployment rate are down.
America likes to say it is exceptional.
And if you believe both of those rates are down at the same time, then you are exceptional too.
this whole labour report thingie is a confusing game.
This current labour report is presented on internatonal media and MSM as the final sign that the US economy has turned around.
the FED says that these encouraging figures allow it to envisage interest rate hikes in September 2015.
http://www.marketwatch.com
How can a scam (according to alternate media like ZH) be so far from the touted reality if the consequence will be interest rate hikes which we know will cause havoc in the stock market.
Something very fishy in the kingdom of US of America.
Who is Galileo and who is the obscurantist in this stand-off?
Mind Control, Propaganda, Self Serving Leadership, Money in Government, Regulation & Government Capture, a Coup by various powers in which they are content to share the power as long as they get their way when it is on their Turf.
How Else CAN we explain a MITT ROMNEY as a Presidential Candidate with Obvious Potential. Mind Control. MSM Control. Coup on all MSM Press & Money in Politics.
- Clearly this is Racketeering. Clearly we need to get Money & Gifts out of Government.
- Most likely we need to Shut down most of the 17 Spy agencies to make sure officials are not being Black Mailed or Coerced (maybe keep FBI & one for each Military Service).
- Clearly we need to have Stronger Term Limits in Congress and maybe go to one Presidential Term.
**It is all a Childish Game to our Corporate & Federal Leaders**
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- Self Serving US Leadership only Self Promotes -
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- NAFTA, CAFTA-DR, GATT, Free Trade Agreements
- TPP & TAP Secret Trade Agreements give up US Sovereignty to some World Court or International Law
- CAFTA-DR already allows foreign businesses to set up in USA and bring in All Foreign Workers
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- Self Serving US Leadership only Self Promotes -
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- Foreigners Invest in the USA at a Higher Rate than US banks, now own $28 Trillion in US Property & Assets
- US Capital has been flowing offshore not only in a Trade Deficit as payment for Slave Labor that can't be audited, but also US Manufacturing Capital that Builds New Factories
- US Government Subsidies help Wealthy US Capital Move Offshore and to Disassemble US Job Base/Manufacturing Base/Technology Base
That figure is the most damning evidence that exists to prove the American economy is a lie. We have printed trillions and handed it to the 1% via equity price manipulation. We have printed and bought government debt, allowing Government to spend twice as much money as we really have. Government pours borrowed money into health care and education, allowing millions to retain high paying jobs that can't support themselves in an open market.
Let's be clear, as Clinton used to say, this economy is a government economy, a Federal Reserve economy and an equity manipulation economy. Fracking hired thousands, and again, it was with junk bond money, or other ZIRP bank money.
Nothing in America says wealth creation. Nothing in America says industrial production. It's all a printed illusion.
America is starting wars everywhere, everywhere it feels dollar hegemony may be under threat. Like Russia, moving away from the dollar, and no near the brink of open war with NATO. Why? Because America can not lose the goose that lays the golden egg. "The ability to print dollars and have them accepted world wide as real store of wealth". If we lose that power, every American and every level of American government will lose 50% of their spending power. Thus the greatest depression in American history.
It's all about dollar printing, without that power, how could America have nearly 90+ million workers out of the labor force?
Yes nothing proves the Failure of FED as much as all these 15 years of Interest Rate Manipulation, Higher Bank Fees, Higher Property Taxes, Higher Home Insurance Cost, Higher House or multifamily dwelling prices along with high Welfare Program Rolls.
- TARP, QE, LIRP/ZIRP all Very Expensive FED Failures.
Good Point. FED Leads to unwanted Inflation in a 45 year Era of Falling Wages/Compensation... and Record Corporate Revenues.
Only 50%,,, boy your being extremely kind today Jack!
DEBT
I'm part of the team. So everything is awesome.
millions more will have to step aside to make more room for more new voters.
Is this good or bad for metals prices? Or does anything even matter there? As far as I can see, gold is going nowhere, just sitting there, not budging from well *under* $1200.
Meanwhile, my air conditioning has quit, again. In a top floor apartment where the windows cannot be opened. No heat here the last third of the winter. No television for 14 months, because no electricity in the only part of the place where a TV can go. No functioning kitchen for three years. The sink doesn't drip, it *runs*. And the roaches are back.
My car is ten years old and pretty beat up. At least its interior was clean, until two days ago, when I ran over a pothole which was filled with either concentrated sewage or fecal waste that had sloshed out of a local livestock truck.
The *car* air conditioner *sort of* works, but it takes a long time to start working, so I was riding with all the windows all the way down because it was so hot. I was going to roll them all up and turn on the A.C. momentarily. But I waited too long.
I didn't think it was possible, but some of the liquid fecal matter that filled the pothole (I mean it wasn't just water with a little shit in it, it was mostly shit with a little water in it, basically watery shit), actually splashed *inside* the car, onto the interior, some right on me, and my next-to-last pair of pants.
The stench is indescribable. It can never be cleaned. The best I can hope for is that it will soon dry out, in this heat.
I relate all this to give a slight taste of what life is like for me these days, since metals prices were crushed. Of course there are many other things I haven't mentioned, like medical problems going untreated.
And people tell me "the phony paper price doesn't matter." But it's why I live this way, so I'd say it matters. If I'd cashed out everything back when it was still worth something in 2012, or even 2013, I *wouldn't* be living like this now.
So ... Which broker do you blame for getting you in PM? Certainly it's not related to anything you saw here on ZH, right?
Oh, and did your wife run off with the broker?
Looks like the Swiss are buying more equities. Check out the Dow... +250 lol.
What a sick state of affairs.
True story: My neighbor has worked with me on the same team in the past. Starting in March 2007 we started working together. I refused full time and left Dec 30, 2008. Since then I have had 4-5 contract gigs (all paying well). He's called me the cat with 9 lives. Two weeks ago he was laid off. My gig ends July 3 (and looking forward to time off - shunning calls for new gigs/FTE) as I enjoy a few months vacation between gigs. So right now we are in a recession (neighbor laid off after 7 years of good luck). Does it become a Depression 2.0 when i get laid off July 2015? Have some shiny greenbacks saved (keep losing in accidents tho) to handle up to 6 months of "vacation". My longest time "looking" was in summer 2009 after one gig ended and i didnt start really looking until end of summer. What a great time that was. Like post high school vacation but everyone has some cash saved up. I touched my online resumes recently and get about 10-15 calls a day even tho i say only send email. Looking forward to a few weeks to a few months off.
point is, full time workers in my world getting laid off. contracting still strong. They pay you for a month off for every 6 months on. Life is good still.
The contract rates I see in IT mostly stink, largely because recruiters get in the way and eat all the margin.
Thirty years ago, and admitedly avoiding recruiters, you had to figure on several months between gigs, but the premiums for contractors were much higher and paid for it, enough to make up for benefits like health care, retirement, and paid holidays as well.
But in IT the entire salary structure has collapsed, is half what it was thirty years ago (adjusted for inflation), and that has to be figured in, too. Glad you're happy with what you're seeing, or perhaps you're in an especially hot segment, but if you've been in it since 2007, not sure what that would be.
dup.
dup.
The way I figure the economic system is supposed to work is like this:
- 50% work and collect 100% of salaries
- 50% pay 50% tax that is given away as livable wage to 50% that don't work
- 50% that don't work then spend 100% on goods and services produced by those who work
It's a virtuous cycle like any ecosystem in nature, but, some get too greedy and create debt which is an element outside of the ecosystem that will eventually unbalance the ecosystem or they want to keep more than 50% for themselves because they think of themselves as virtuous producers. But producers make a part of the economic system. The economic ecosystem needs 50% whose only function is to consume.
Eh, only people who don’t want to work aren’t working.
Run for a political office if worse comes to worse. Don’t wear shoes; make that your gimmick.
If you really can't find a job, create a market for something.
Look at this enterprising ad from the '50's. People were resourceful back than.
http://blog.modernmechanix.com/mags/PopularScience/9-1950/ads-1.jpg