BLS is out with its job numbers and on the surface it sounds fantastic, but beneath the illusionary fake numbers the truth shines through, the jobs that are added are low paying part-time jobs. Central bankers pretend that we don’t have inflation, all they did was manipulate the way the calculate inflation. The credit industry is very worried about the removal of QE, there is a new term they are using and its called quantitative failure. The case against Debbie Wasserman Shultz continues to become more and more suspicious. The laptop she was fighting for didn’t belong to her it belonged to Imran Awan. Mueller has changed direction, since he cannot find anything in regard to Russian collusion he is going after Trump finances. Attorny General Sessions is not pursuing leakers in Washington. New report showing McMasters is very volatile. He stated in a letter that Susan Rice did nothing wrong and allowed her to keep security clearance. Hacker who stopped Wannacry malware was arrested. Venezuela opposition leader was returned home after his arrest. EU named additional Russian officials and placed sanctions on them. The deep state is now pushing global drills to counter Russia.
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Current News – 08.04.2017
- the BLS reports that in July the US added 209K jobs, beating consensus expectations of a 180K print, while June was revised higher to 231K from 222K, even as May was revised modestly lower from 152K to 145K, for a net gain of +2,000 in the prior two months.
- In a familiar refrain, bars and restaurants hired the most workers of any sector in July.
- Of course, keep in mind that the July gain was all in the seasonal adjustment factor: unadjusted, jobs declined by 1.308 million.
- The unemployment rate dropped from 4.4% to 4.3% as expected, while the participation rate rose from 62.8% to 62.9%, as the number of workers out of the labor force declined by 156K to 94.657 million.
That said, the gap between the unemployment rate and the unemployment to population ratio remains wide.
Excellent Jobs Numbers just released – and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!
- digging through the numbers reveals some troubling features: while the Household survey reported that an impressive 345K jobs were added, more than 50% higher than the Establishment survey, the bulk of these jobs was part-time. According to the BLS, in July 393,000 part time jobs were added, offset by a drop of 54,000 full-time workers.
- This was the biggest increase in part-time jobs going back to September 2016.
- “food services and drinking places“, i.e. “waiters and barenders” category, which added There have now been 89 consecutive months without a decline for waiter and bartender jobs, . Needless to say, these jobs fall within leisure and hospitality, that sector pays the worst wages, an average of $13.35 an hour, and $331.08 a week.
- Next was professional and business services, which added 49,000 jobs. Within this category, administrative and waste services added 30,000 jobs, while temp workers rose by 14,700.
- Health care added 39,000 jobs, with job gains occurring in ambulatory health care services (+30,000) and hospitals (+7,000). Health care has added 327,000 jobs over the past year.
- “the employment-to-population ratio for the more highly educated has been on a downward trend, with the ratio for those with a college degree 0.2% percentage point lower in June relative to a year ago.“
- the biggest increase on both a 1-month and 1-year basis was for those with “less than a high school diploma” or “high school” graduates.
- In retrospect, this should not come as a surprise: in an economy where wage growth is “inexplicably” failing to materialize, in which waiters and bartenders were the hottest hiring sector last month and over the past 7 years, and where part-time workers soared in July, it makes sense that the best job prospects are for those who never went to college.
The Organization for Economic Cooperation and Development said Thursday that consumer prices across the G-20—the countries that account for most of the world’s economic activity—were 2% higher than a year earlier. The last time inflation was lower was in October 2009, when it stood at 1.7%, as the world started to emerge from the sharp economic downturn that followed the global financial crisis.
- Central banks are puzzled because they do not know what inflation is, or how to measure it.
- For example, instead of using home prices in the CPI, they now use Owners’ Equivalent Rent.
- In general, asset prices do not count. Bubbles in stocks and bonds do not count.
- The massive global QE liquidity went somewhere, as money always does. The liquidity did not go where the central bankers wanted. It went into asset bubbles.
- Mystery Solved
- It’s no mystery why central bankers are mystified: Collectively, they are economically illiterate fools engaged in Keynesian and Monetarist group think.
- Bank of America credit investor survey shows, more worried about the Fed in general, and “Quantitative Failure” in particular.
- As BofA’s Barnaby Martin writes, August’s survey shows a marked change in the Wall of Worry, in which “Quantitative Failure” has now emerged as investors’ top concern (23%), up materially from June’s reading (6%). The reason for the sudden spike in central bank fears is that Investors say that a backdrop of the ECB ending QE next year, while inflation remains sub-par, has the potential to rattle the market’s confidence.
- The sudden fear about “QF“, or major policy error, means that the recent biggest worry, “Bubbles in credit” has been downgraded to second biggest concern (down from 33% to 21%) while those worrying about “yields rising” increases slightly (from 12% to 14%).
- “Quantitative Failure”, “bubbles in credit” and “rising yields”
- A defiant Debbie Wasserman Schultz sat down with the Orlando Sentinel, telling the paper that she stands by her decision to keep Pakistani IT staffer, and personal friend, Imran Awan on her payroll six months ater he was fired by members of congress and banned from the House computer network.
“I believe that I did the right thing, and I would do it again,” Wasserman Schultz said Thursday in an exclusive interview with the Sun Sentinel. “There are times when you can’t be afraid to stand alone, and you have to stand up for what’s right.”
- And fire him she did, eventually
- Imran Awan was finally fired by Wasserman-Schultz after he was arrested at Dulles airport on charges of bank fraud while actively trying to flee the country, after wiring nearly $300,000 to Pakistan. Awan’s wife, Hina Alvi fled the country in after having been stopped at the airport in March with an undeclared $12,000 in cash, and reportedly allowed to board her flight after an order by former FBI Director James Comey and deputy director Andrew McCabe.
- Of course, nothing to see here…
- “Wasserman Schultz said the Awan case is getting so much attention from conservative media outlets because they’re attempting to distract people from the investigation into whether President Donald Trump’s campaign colluded with Russia to influence the 2016 election. “Any opportunity they can to pull people’s eyes and ears away from that they take.” –
- No, sorry Debbie – your Pakistani Muslim Brotherhood-linked IT friends having access to top-secret Intel committee computers is a bit more, shall we say – tangible…
- Of note
- The Awans were “shared employees,” hired by multiple Democrats for IT work whenever it was needed – floating all over the place doing all sorts of work on House members computers. Democrats Juaquin Castro, Cedric Richmond, Andre Carson, Jackie Speier, Tammy Duckworth, and Louis Frankel all employed the Awans.
- According to Judge Andrew Napolitano, the Awans had access to the email of every member of the House, and SOLD INFORMATION.
- “The brothers had numerous additional sources of income, all of which seemed to disappear. While they were supposedly working for the House, the brothers were running a car dealership full-time that didn’t pay its vendors, and after one — Rao Abbas — threatened to sue them, he began receiving a paycheck from Rep. Theodore Deutch (D-FL), who like Wasserman Schultz represents Florida.”
- A new report reveals that President Donald Trump’s national security adviser, H.R. McMaster, has grown “increasingly volatile”
- The negative stories surrounding his time in the White House are causing McMaster to lose his cool,
- National security adviser H.R. McMaster has reportedly determined that Susan Rice, who served in his role during the Obama administration, did not do anything wrong amid accusations of “unmasking” the identities of Trump associates.
- A hacker known online by his alias “malwaretechblog,” Marcus Hutchins, 22, who was able to infamously turn off the WannaCry ransom virus which encrypted its victims’ computers, has been arrested after DEF CON by the FBI for allegedly “masterminding” Kronos, a “banking trojan,” and charged on 6 counts according to a court indictment document.
- The indictment states that British citizen, Hutchins, “knowingly conspired and agreed” with another redacted individual to “cause the transmission of a program, information, code, and command and as a result of such conduct, intentionally cause damage to 10 or more protected computers.”
- Hutchins was further accused of “advertising Kronos” and selling it on AlphaBay, the now shut-down darknet market that President Donald Trump issued to be shut down according to a DOJ press release.
- Hutchins was able to stop the WannaCry ransomware by registering a domain he found in the source code for its kill switch The Hacker News reported.
- Since Wikileaks began releasing classified CIA documents back in March as part of its “Vault 7” series of leaks, purportedly the largest document dump in the agency’s history, it has publicly unveiled programs with innocent sounding names like “Marble”, “Scribbles” and “Archimedes” that the agency employs to help execute its operations, or to cover its tracks.
- the agency uses a custom-designed hacking exploit called “Dumbo” to destroy, or manufacture, evidence during field operations, according to a Wikileaks press release.
- The CIA filed a request that such a tool back in 2012, according to a powerpoint presentations describing what capabilities it would need.
- “Dumbo works by discovering which processes have access to the physical camera device and uses that information to corrupt video files. In some instances, programs emulate a camera input to other programs; such is the case with Fujitsu’s YouCam.exe. When this occurs, YouCam.exe will have control of the actual webcam, and feed input to other processes that record images to files as needed.
In some instances, video recording software has the ability to detect it is not responding, and will restart itself; such is the case with iSpy.exe. In the case of iSpy,although the program may restart, it will be unable to record any additional frames; it will appear as if it was unable to access the camera, due to it already being in use.”
- , the United States often sees itself as a benign hegemon, holding its shielding hand over the world, ever since she won the Second World War.
- In fact, as Statista’s Dyfed Loesche notes, many people around the world today fear that the United States isn’t always a force for good in international politics.
- According to Pew Research Center, the United States’ standing in the world has gone down overall.
- Antonio Ledezma was arrested on Tuesday in wake of controversial election
- He had been accused of destabilizing the government of President Nicolas Meduro
- It followed Sunday’s election, which has been heavily criticised across the world
- The European Commission has decided to broaden sanctions against Moscow on Friday. more Russian individuals and firms accused of delivering Siemens gas turbines to the Crimea have been blacklisted.
The updated blacklist includes Russian Deputy Energy Minister Andrey Cherezov, the head of the department of operational control and management in Russia’s electric power industry Evgeniy Grabchak and state firm Technopromexport CEO Sergey Topor-Gilka.
- The expansion puts the EU – and Germany in particular – in an awkward position: Representatives of the trade bloc have recently expressed outrage at the US over a sanctions bill signed by President Donald Trump that they say could unfairly infringe on the EU-Russia bilateral trade relationship.
- European Commission Chairman Jean-Claude Juncker earlier this week criticized the US for not consulting the EU before moving ahead with the sanctions bill, threatening reprisals should they damage bilateral trading relations.
- The US military is shifting towards a “more global” exercise program in preparation to deter what they term a “more assertive Russia” as well as countering other complex threats, a senior officer commanding the US forces in Europe has said.
- The goal of the Pentagon is to hold exercises that would involve troops from all nine US unified combatant commands instead of being limited to a specific region or a military
- the US military’s plans for next year. It involves 11 major exercises bringing together air, ground and naval forces that will be held in a number of the European countries, including the UK, the Baltic States and even Finland, which like Sweden, is also not a NATO member.