Monday, October 14, 2019

The annual October report of W-2 payrolls is out and shows NO JOBS BOOM under Trump, just mediocrity

Trump is merely Bush-league.

Payroll creation in this cycle peaked under Obama in 2016 at 227,159 per month.



Deserter Bowe Bergdahl is alive and well somewhere while this man is not


Matt Taibbi: "The people pushing hardest for Trump’s early removal are more dangerous than Trump"

My discomfort in the last few years, first with Russiagate and now with Ukrainegate and impeachment, stems from the belief that the people pushing hardest for Trump’s early removal are more dangerous than Trump. Many Americans don’t see this because they’re not used to waking up in a country where you’re not sure who the president will be by nightfall. They don’t understand that this predicament is worse than having a bad president.

Read it all here.

Carbon whore Jane Fonda flies private all the way from California to DC to get arrested at climate protest




Whistleblower is connected to Joe Biden

The 2020 Democratic candidate with whom the CIA whistleblower had a "professional" tie is Joe Biden, according to intelligence officers and former White House officials.

More here.

Whistleblower bs: Despite admitting his info came secondhand through a phone call, claimed source was "visibly shaken"


Hypocrite lawyer for Ukraine whistleblower threatened to dox Trump supporter in May 2018: "Reveal your identity instead of attacking while hiding"

What's good for the goose ain't good for the gander. One law for thee but another for me.

Sunday, October 13, 2019

Hello, maybe bank reserves are the problem, not the solution?




I don't think I've ever seen Jeff Snider shake his damn head: Tbills are the very best collateral in repo and the Fed has decided to lock them up

This is going to be highly . . . educational, but the Fed will still flunk out in the end.

When aiming your gun at the ground, make sure your foot is not in the way when you pull the trigger.

Welcome back to the same stupid shit: Quantitative Easing, Round IV, with a half twist back flip

The long-promised balance sheet unwind stopped in early September, never getting it even remotely close to pre-Great Financial Crisis levels. Maturing securities then began to be used to purchase more of the same again, increasing the balance sheet, as plainly shown in the graph.


Now that will get even worse as the Fed begins buying $60 billion a month outright in new Treasury securities on top of this reinvesting of maturing securities. The Fed claims this is not QE because they're only going to buy Treasury Bills, not longer dated Notes. Money market rates, where many investors had parked lots of cash to take advantage of better returns than they could get on long dated securities, have already fallen. Now there will be no place left to get any decent return without tying up your money for ten years paying 1.76% and thirty years just 2.22%.

Thanks for nothing Trump! 
 

The FOMC voted unanimously to begin to purchase Treasury bills at an initial pace of about $60 billion per month starting Tuesday. The purchases will last at least into the second quarter of next year.

Read more here



Black coffee drinkers are more likely to have psychotic tendencies


The lawyers suck because their PROFESSORS are even worse


Claire Thomas is director of something called the Asylum Clinic at New York Law School

Smith is at DOJ, is adjunct at George Washington and George Mason Law, was a John McCain staffer

Washington Watcher II puts some lipstick on the Trump immigration pig

Trump is up against a 21st-century nullification movement. Trump does, of course, have options. As A.W. Morgan wrote recently, Trump could assert his authority as the executive, a co-equal branch of government, defy Congress and the kritarchs, and arrest sanctuary officials on federal obstruction of justice charges. He can’t enforce law, as is his duty, if judges and state and localities block him at every turn. ... Because of inexplicable staffing decisions, Trump’s foes now often work for him, with the inevitable result. The most recent Homeland Security chiefs—Kirstjen Nielsen and Kevin McAleenan— both privately oppose immigration patriotism. Both have proven inadequate. In other words, it’s Trump vs. the entire  Ruling Class.

No. In other words we have a president who is not serious. Just like the rest of the country.

Read it all here.

Saturday, October 12, 2019

1992 NATURE rejection letter to current Nobel winner ended with an incomplete sentence

The same journal which went on to publish Michael Mann's climate hockey stick paper in 1998, which made past warming and cooling both disappear.

The world will end with neither a bang nor a whimper, but with gibberish.

 

 


Why you can't say "Good morning" to a liberal

He ain't up yet.

Friday, October 11, 2019