by Karl Denninger, Market Ticker:
Total nonfarm payroll employment increased by 312,000 in December, and the unemployment rate rose to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, food services and drinking places, construction, manufacturing, and retail trade.
Do you believe that? Well, let’s have a look inside to see what the unadjusted household numbers say.
by Simon Black, Sovereign Man:
Every week we send out an alert to our premium subscribers highlighting important news that often goes overlooked…
We scour through recent court cases, laws moving through congress, whispers in the government and various, international news sites to find the latest things happening that could infringe upon your freedom… or that just make us laugh and cringe due to the never-ending stupidity of governments around the world.
If we had to pick one, dominant trend for 2018, it would be the rise of the “snowflake.”
by Nathan McDonald, Sprott Money:
As you make your New Year’s resolutions, make sure you allot room for some much needed protection as we head into 2019 and beyond.
It may not be the rosy picture many of you were hoping for, but sadly, 2019 appears to be destined for increased chaos, turmoil and outright confusion.
The chief driver of this will undoubtedly be the current disheveled state of affairs we are seeing unfold in the United States.
by Wolf Richter, Wolf Street:
The QE unwind has started to rattle some nerves.
For the past two months, the sound of wailing and gnashing of teeth about the Fed’s QE unwind has been deafening. The Fed started the QE unwind in October 2017. As I covered it on a monthly basis, my ruminations on how it would unwind part of the asset-price inflation and Bernanke’s “wealth effect” that had resulted from QE were frequently pooh-poohed. They said that the truly glacial pace of the QE unwind was too slow to make any difference; that QE had just been a “book-keeping entry,” and that therefore the QE unwind would also be just a book-keeping entry; that QE had never caused any kind of asset price inflation in the first place, and that therefore the QE unwind would not reverse that asset-price inflation, or whatever.