TODAY NEWS in ZERO HEDGE SEP2 16
WHY CORPORATE CRIMINALS & CORRUPT POLITICIANS DESPERATELY
WANT TPP
Obama needs to ensure he gets well compensated
after leaving office for a job well done protecting, defending and
further enriching the global oligarch class. This is
precisely why he’s so adamant about passing the TPP during the upcoming
lame duck session of Congress, when he knows “representatives” who no longer face reelection can be coerced or bribed into voting for
this monumental public betrayal. The Trans-Pacific Partnership (TPP) ins’t really a
free trade deal, it’s a way for global oligarchs to consolidate, grow and
protect their enormous wealth. The
whole thing is absolutely disgusting and epitomizes all that is wrong and
unethical about the world today.
[[ That is exactly the plan that
Hillary will continue if and only if she
arrives to power… I doubt it: she is now losing the electoral race.]]
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ZERO HEDGE
ECONOMICS
With Wall Street expecting another solid month of payroll growth,
following multiple-sigma outlier prints in June and July, the whisper expectations was for a miss on the back of the previously
discussed "August Curse" which has seen a consistent miss in the month of August for the past
decade, and that is precisely what happened when moments ago the BLS reported that in the month of August only 151K jobs were
added, missing the 180K consensus by nearly 30,000 jobs.
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RELATED:
The much anticipated payrolls day, expected to provide at least some
more clarity on future Fed policy, has arrived and heading into today's report
both price action and newsflow has been muted. U.S.
equity index futures were fractionally higher, as European stocks rise 0.6%
while Asia was flat. Gold fell as the dollar
rose, while comments by Vladimir Putin which
endorsed an OPEC oil production freeze while granting
Iran an exemption, have pushed oil higher.
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Average weekly earnings
for all employees not only
declined from $884.08 to $882.54 over the past month (with weekly earnings for
production and non-supervisory workers likewise declining
from $727.92 to $727.10), meaning that on an annual basis, the 1.5% increase was the worst print
in 32 months.
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Well that escalated quickly...
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In just half an hour, the August payrolls
report, critical in framing the Fed's September decision according to Stanley
Fischer, will be released. Here are the key consensus expectations...
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Gold is
leading the way but everything is rallying on thge back of a
payrolls print that disappointed expectations and unwound J-Hole jawboning... and the USD Index is dumping...
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"The
thing that scares us is the rise in delinquencies," said Bill Phelan, PayNet's president.
"Every one of these months where investment is
down and delinquencies are up is one step more toward contraction."
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