JUN 5 SIT EC y POL
ZERO HEDGE
"The
Job Numbers Literally Do Not Add Up". Submitted by Tyler
Durden on 06/05/2015.
The last time the Establishment Survey was as robust as the
past year or so was 1999; then, the average productivity was 3.7%! That
number actually makes sense intuitively, since businesses would have good
reason to go on a hiring spree. Porting that to the current period, as in the
mathematical construction of productivity here, would mean, holding output
constant, that total hours in the past five quarters would have been not +2.7%
but -1.7%. These numbers literally do not add up.
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The
Incredibly Bearish Bull Market. Submitted by Tyler
Durden on 06/05/2015
Currently, there are things occurring that are very
troublesome, and in more normal times, would likely already have investors
heading for cover. However, in today's liquidity fueled, Central Bank supported
environment, that has yet to be the case. The reason was best described
recently by
Dr. Robert Shiller "I call this the 'new normal' boom ó it's a
funny boom in asset prices because it's driven not by the usual exuberance
but by an anxiety." What happens next is only a guess. However,
historically, it hasn't been the outcome that investors were hoping for. But
then again, maybe "bearish bull" isn't as much of an oxymoron
as it is just a warning.
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Where
The May Jobs Were: Teachers, Waiters, Retail, And Temp Help. Submitted
by Tyler Durden on 06/05/2015
One of the defining features of jobs "recovery"
and the main reason why wage growth has been so far below the Fed's
expectations for years it has prevented wage inflation from appearing despite
years of QE, is that the quality of jobs added month after month has
disappointing. May was no difference. Yes, the headline print of 280K job
additions was great, but a quick look at how the BLS got there shows that
nothing has changed because four of the five main job additions were, as usual
for the lowest paid jobs.
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China
Blasts Washington's "Irresponsible", "Groundless" Hacking
Allegations. Submitted by Tyler
Durden on 06/05/2015
One the heels of last night’s hacking accusations, China has
now responded, calling the US allegations “groundless” and “irresponsible.” The
breach, which involves four million federal workers, could affect every agency
of the U.S. government.
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93
Million Americans Remain Out Of The Labor Force Despite Nearly 400K Work Pool
Increase. Submitted by Tyler
Durden on 06/05/2015
The biggest malady affecting the US economy today, is still
in place: as the chart below shows, the labor force participation rate rose
just barely from 62.8% to 62.9%, a range it has been for the past year.
Indicatively, the last time the US labor force was here, was in mid-1978.
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May
Wage Growth Concentrated Among "Supervisors, Bosses"; Full-Time Jobs
Still Below 2007 Peak. Submitted by Tyler
Durden on 06/05/2015
The one data point in today's otherwise impressive jobs
report which may generate some skepticism about an imminent rate hike is that
while full-time jobs did grow at a brisk 630K pace in May as part-time jobs
this month tumbled, the total number of full-time jobs at 121.4 million is
still about half a million below their pre-recession peak of 121.9 million
reached in November 2007.
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US
Adds 280K Jobs In May, Much Higher Than Expected, Yellen Gets Green Light To
Hike. Submitted by Tyler Durden on 06/05/2015
Contrary to expectations of a modest 226K increase in
nonfarm payrolls, according to the BLS in May the US added a whopping 280K
jobs, with the April print revised from 223K to 221K, but March revised higher
from 85K to 119K. This was the highest monthly increase in payrolls since
December of 2014. The unemployment rate rose from 5.4% to 5.5% on the
number, as the number of employed Americans according to the Household Survey
also rose by an almost equal 272K.
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OPEC
- As Expected - Maintains Production At 30 Million Barrels, Crude Pops.
Submitted by Tyler Durden on 06/05/2015
When OPEC did not cut production last November, the oil
market collapsed in shock and awe that the cartel would not just give in and
allow non-OPEC members to walk away with market share. Today, in Vienna,
"exactly as expected," OPEC once again confirmed production will
remasin at 30 million barrels per day in the face of the global oil glut
and prices for WTI and Brent have jumped $0.50 to $1.00 (we presume
on machines and removal of a worst case boost to production).
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The
Stock Market Is Disappearing In One Giant Leveraged Buyout. Submitted
by Tyler Durden on 06/05/2015
This is the end game of unfettered capitalism. The
signs are all here. When you cast aside reasonable restraints, the unscrupulous
among us will rise to the top and exploit everyone else. What we have left
is a new American feudalism where CEOs move around like a
pack of ruthless Somalian warlords. Riding behind the banner of efficiency,
they replace employees with robots,
outsource their work to foreigners and tell their employees to train their own replacements, and collude with hedge fund
managers to strip
companies of their most valuable assets to temporarily boost the stock
price.
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Tsipras
Plays Putin Pivot Card; Tests Parliament's Patience On Troika Proposal.
Submitted by Tyler Durden on 06/05/2015
Greek PM Alexis Tsipras is set to address parliament
Friday as difficult discussions with creditors have reached yet another
stalemate. In Germany, some reports suggest there's now tension between
German Chancelor Angela Merkel and FinMin Wolfgang Schaeuble regarding how the
EU paymaster should handle Greece going forward. Meanwhile, Tsipras and Putin
will hold a phone call Friday to discuss "business and energy."
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Submitted by Tyler
Durden on 06/05/2015 - 07:38
- Europe shares set for worst week of 2015 (Reuters)
- Jobs Report Not Likely to Trigger June Rate Hike (Hilsenrath)
- U.S. jobs market seen firming despite lackluster growth (Reuters)
- Gross Says Bond Rout Scary as Hell Even Without Bear Market (BBG)
- Apple Is the New Pimco, and Tim Cook Is the New King of Bonds (BBG), which ZH said in 2013
- In 'year of Apple Pay', many top retailers remain skeptical (Reuters)
- OPEC Nations Signal Few Prospects for Oil-Production Change (BBG)
- China regulator says amending rules on margin trading, short selling (Reuters)
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Did
The US Department Of Justice Just Do Vladimir Putin A Great Favor. Submitted
by Tyler Durden on 06/04/2015
The DOJ's crackdown against FIFA in general, and the Russian
World Cup of 2018 in particular, may have been just the blessing in disguise
that Putin, who whether he likes it or not has been forced to hunker down in
cash conservation mode, wanted.
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Tyranny:
It Pisses Me Off. Submitted by Tyler
Durden on 06/04/2015
In fact, the most despicable forms of tyranny are often the
most subtle; the kinds of tyranny in which the oppressed are deluded into
thinking that because they have “choices”, that necessarily makes them “free”.
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Meet
The NSAC - The US Government's Shadow Spy Agency. Submitted by Tyler
Durden on 06/04/2015
Just when you thought you knew what the government's spy
state was up to - thanks to Ed Snowden's heroics - along comes the National
Security Analysis Cneter (NSAC). As
PhaseZero exposes, they are not who you think they are. They are not the
NSA or the CIA. The NSAC is an obscure element of the Justice Department that
has grown from its creation in 2008 into a sprawling 400-person, $150
million-a-year multi-agency organization employing almost 300 analysts
"for the purpose of monitoring the electronic footprints of terrorists
and their supporters, identifying their behaviors, and providing actionable
intelligence." Read that again "and their supporters."
As PhaseZero
concludes, this shadow government agency is considerably scarier than the
NSA.
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40
Million People Will Be Out Of Work Next Year, OECD Warns. Submitted by Tyler
Durden on 06/04/2015
Perhaps the most disturbing, and factual (unlike the IMF's
forecast of Greek 2022 debt/GDP), finding is that unemployment in the OECD
region has fallen only 1 per cent since its 2010 peak. In other words, by 2016,
the group warned, 40 million people will be out of work, 7.5 million more
than immediately before the crisis. 40 million angry people, with
little hope of professional realization and lots of free time. Is it surprising
why in recent months not a day passes without some mass violence event breaking
out somewhere in the world.
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Wikileaks
Reveals Full Text Of Trans-Pacific Partnership. Submitted by Tyler
Durden on 06/04/2015
Finally "America's
biggest secret" has been revealed and now the full, formerly
confidential text of the Trans-Pacific Partnership, aka Obamatrade, has
been made public. You just have to be quick.
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US
Police And Prosecutors Fight To Retain Barbaric Right of “Civil Asset
Forfeiture”. Submitted by Tyler
Durden on 06/04/2015 [AMERICA: LAND OF THE TIEF]
The fact that civil asset forfeiture continues to exist
across the American landscape despite outrage and considerable media attention,
is as good an example as any as to how far fallen and uncivilized our so-called
“society” has become. It also proves the point demonstrated in a
Princeton University study that the U.S. is not a democracy, and the
desires of the people have no impact on how the country is governed.
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WASHINGTON BLOG
Here was Obama’s rhetoric,
in Tallinn Estonia, on 3 September 2014 (click on the linked parts to
see the actual reality regarding each given allegation):
….
We’re
not afraid of free and fair elections, because true legitimacy can only come
from one source — and that is the people. We’re not afraid of
an independent judiciary, because no one is above the law. We’re not
afraid of a free press or vibrant debate or a strong civil society. …
And yet, as we gather here today, we know that this vision is threatened
by Russia’s
aggression against Ukraine. It is a brazen assault
on the territorial integrity of Ukraine — a sovereign and independent
European nation. It challenges that most basic
of principles of our international system — that
borders cannot be redrawn at the barrel of a gun; that
nations have
the right to determine their own future. It undermines an
international order where the rights of peoples and nations are upheld
and can’t
simply be taken away by brute force. This is what’s at stake
in Ukraine. This is why we stand with the people of Ukraine today.
(Applause.)
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Now, let’s put to rest, once
and for all, the
distortions or outdated thinking that has caused this
crisis. Our
NATO Alliance is not aimed “against” any other nation; we’re
an alliance of democracies
dedicated to our own collective defense. Countries like
Estonia and Latvia and Lithuania are not “post-Soviet territory.” You
are sovereign
and independent nations with the right to make your own decisions.
No other nation gets to veto your security decisions.
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The protests
in Ukraine, on the Maidan, were not led by neo-Nazis or fascists. They were led by ordinary Ukrainians.
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As a result of
state-run propaganda, many Russians have become convinced that
the actions taken by their government is [are] strengthening
Russia. … Just as we refused to accept smaller European nations being
dominated by bigger neighbors in the last century, we reject
any talk of spheres of influence today. (Applause.)
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Land
of the Unfree – Police and Prosecutors Fight Aggressively to Retain Barbaric
Right of “Civil Asset Forfeiture”. Posted on June 5, 2015 by WashingtonsBlog , Submitted
by Mike Krieger via Liberty Blitzkrieg blog,
AMERICA: LAND OF THE THIEF, HOME OF THE SLAVE.
Efforts to limit seizures of money, homes and
other property from people who may never be convicted of a crime are stalling
out amid a wave of pressure from prosecutors and police.
Their effort, at
least at the state level, appears to be working. At least a dozen states
considered bills restricting or even abolishing forfeiture that isn’t
accompanied by a conviction or gives law enforcement less control over forfeited
proceeds. But most measures failed to pass.
– From the Wall Street Journal article:
Efforts to Curb Asset Seizures by Law Enforcement Hit Headwinds . OPEN : Land of the Unfree, to read the full article
Efforts to Curb Asset Seizures by Law Enforcement Hit Headwinds . OPEN : Land of the Unfree, to read the full article
For related articles, see:
The
DEA Strikes Again – Agents Seize Man’s Life Savings Under Civil Asset
Forfeiture Without Charges
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Asset
Forfeiture – How Cops Continue to Steal Americans’ Hard Earned Cash with Zero
Repercussions
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“Common
People Do Not Carry This Much U.S. Currency…” –This is How Police Justify
Stealing American Citizens’ Money
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Posted on June 5, 2015 by WashingtonsBlog
Investigative reporter Trevor Aaronson- executive director of the Florida Center for Investigative Reporting, author of The Terror Factory: Inside the FBI’s Manufactured War on Terrorism – has spent years researching and writing about FBI terrorism “stings” on mentally retarded and destitute Muslims orchestrated by informants convicted of rape and child molestation, who make some $100,000 per sting.
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Memo
to the Fed and its Media Tool Hilsenrath: We’re Not Here to Enrich Your
Corporate Cronies Posted on June 5, 2015 by Charles Hugh Smith
If you’re being “stingy” and actually conserving some of
your income for savings and investment, you are Public Enemy #1 to the Fed.
Your financial security is nothing compared to the need of banks and corporations
to earn even more obscene profits. According to the Fed, all our problems stem
from not funneling enough money to the Fed’s private-sector cronies.
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An
Important Economic Indicator – Money Velocity – Crashes Far Worse than During
the Great Depression. Posted on June 5, 2015 by WashingtonsBlog
Underneath the Propaganda, the Economy Is In BAD Shape …
We noted 3 years ago that the velocity of money – an
important economic indicator – is lower than during the Great
Depression.
Things have gotten even worse since since then …
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Western
‘News’ Media as Tyranny’s Propagandists Hiding Reality, Posted on June 4, 2015 by Eric Zuesse.
1: The ugly realities are covered up, not covered; here’s an
example of what you don’t see in the regime’s media about the people whom
Americans’ tax dollars are bombing and killing:
2: The great investigative journalist John Pilger discusses
the systematic truth-suppression:
3: The great investigative journalist Robert Parry’s latest
take-down of America’s press is here:
4: As usual, a great journalist gets fired for being too
honest:
CONCLUSION: OPEN An Important Economic Indicator, to read the full article
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Let’s assume that the 150 million people–roughly half of
America’s 317 million residents–were healthy and had no need for health
services beyond minimal prevention and a few low-cost tests.
The total cost of their care was $36 billion–just over 1%
of the nation’s $3.2 trillion bill for healthcare and healthcare insurance.
Let’s assume that 90% of the populace was healthy, and the remaining 10% were
very ill and needed 100 times as much care as the healthy.
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Star
Wars fan? Lucas wrote this ‘false flag’-terrorism-war story about America
devolving to dictatorship . Posted
on June 4, 2015 by Carl Herman
“How do democracies get turned into
dictatorships? The democracies aren’t overthrown; they’re given away… Star
Wars was really about the Vietnam War.” – George Lucas, creator of Star Wars
“The (Star Wars) Empire
is like America ten years from now.” – George Lucas, 1973
Adjusted for inflation, Star Wars is likely the most popular film series in history. Stories are popular because they communicate themes that resonate with the public. Creator George Lucas communicates that a powerful republic is overcome by false flag deception that devolves all into the most evil dictatorial empire possible.
“Dictatorship” literally means a government from what is dictated/said
whenever government “leadership” says so. The US
has lost almost all Constitutional rights to the dictates of “leaders” in
government. In contrast, a constitutional
republic is limited government acting within its constitution.
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GLOBAL RESEARCH
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Forget
Sports: Geopolitics is Behind the FIFA Scandal As the War Against Russia Enters
a New Front By Mahdi Darius Nazemroaya
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Forecasting
the Destruction to Come: An Eyewitness Account of Libya in 2011 By Stephen Lendman and Mahdi Darius Nazemroaya
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Ukrainians
Dispossessed. Western Financial Elites Impose “Free Markets” and Mass Poverty By Dr. Paul Craig Roberts
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NEWS IN SPANISH
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La maldición de la “liberación” de Iraq. Pedro Rojo
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PRESS TV
US
auto safety agency admits flaws. Sat Jun 6, 2015 The US government’s auto
safety agency has admitted its staffers didn’t understand airbag technology
very well.
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Amnesty
urges release of Sheikh Salman. Sat Jun 6, 2015 Amnesty International refutes charges against
Bahraini cleric Sheikh Ali Salman as groundless and calls for his immediate
release.
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UN
must act on Turkey aggression: Syria. Sat Jun 6, 2015 Syria calls for a “prompt and decision” action from
the international community to stop Turkish ‘aggression’ against the Arab
country.
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'Excessive
demands hindering Iran deal' . Sat Jun 6, 2015 Iran’s Foreign Minister says excessive demands
hinder a final agreement between Tehran and the P5+1.
[ Es el derecho al zapateo despues de ser jodidos en
un blah-blah de mutuo acuerdo … mientras
se abandonaba la lucha en Syria .. sin duda los Iranios gustan el zapateo .. la
danza gypsy .. gitana]
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Russia
keeping S-300 delivery promise. Sat Jun 6, 2015 A senior Iranian commander says Russia is making good
on its promise to deliver the S-300 missile defense system to Iran.
[ Danzaran
alrededor de misiles rusos? .. faltan que quieran dialogar con Israel esta
fiesta ]
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Zarif
warns against revising N-framework. Sat Jun 6, 2015 Iran’s FM says attempts to revise the framework of a
potential deal on Iran’s nuclear program jeopardizes a final agreement on the
program.
[ Warned ? OR IMPLORED .. Whatever.. OB & neocons
won’t take Iran out of their target ..
Iran esta esperando peras del olmo: Iran is barking to the wrong tree .. Just get out from
the P5+1 and send tanks, missils, planes & troops against the terrorists
inside Syria. Esto
si podría ayudar a cambiar la historia de esa región y asegurar la futura soberanía
de Iran. Cuando los Britts iniciaron su última guerra en Argentina, Perú envió
todos los aviones que tuvo contra el UK .. si hubo solidaridad! ]
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