Quantcast
  1. Sign up now and join over 35,000 northwest gun owners. It's quick, easy, and 100% free!

Aussie Job MKT Not As Good As Govt. Said

Discussion in 'Preparedness & Survival' started by erudne, Feb 18, 2016.

  1. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

    Messages:
    6,279
    Likes Received:
    6,918
    Australia Stops "Cooking" Its Jobs Report And The Result Is A Disaster: Full-Time Jobs Plunge Most Since 2013

    Submitted by Tyler Durden on 02/17/2016 20:20 -0500


    One week ago, we were delighted to report that Australia admitted that its glorious, 6 and 8-sigma outlier job numbers from October and November, were nothing but a "technical issue" glitch, in other words, one big political lie.
    20151209_aussie1_0.jpg

    Specifically it was Treasury Secretary John Fraser, who admitted during testimony to parliamentary committee that jobs growth for the two months in question "may be overstated." What's the reason? The same one the propaganda bureau always uses when its lies are exposed: "technical issues",


    There were some “technical issues” in October and November that may have made the employment figures “look a little bit better than otherwise would be the case,” he said. The technical issues relate to “rolling off” of participants in the labor survey.

    Australia’s economy added 55,000 jobs in October and a further 74,900 in November, before shedding 1,000 in December to produce the record quarterly gain. Questions regarding the accuracy of the data have been raised following acknowledgment by the statistics agency in 2014 of measurement challenges.
    In conclusion we asked "why the sudden admission it was all a lie? Simple: weakness in commodity prices "is far greater than people had been expecting,” Fraser said in earlier remarks to the panel. Australia is now "swimming against the tide" because of uncertainties in the global economy, he added."
    What this really meant, as we translated, is that: "we need more easing, and to do that, the economy has to go from strong to crap." And with the Australian economy suddenly desperate for lower rates from the RBA, one can ignore the propaganda lies, and focus once again on the far uglier truth.
    That "far uglier truth" was revealed moments ago, when not only was the "jobs miracle" of October and November buried for good...
    20160217_AUS1_0.jpg

    ... but suddenly - as we predicted - the far uglier truth finally emerged, when Australia reported that not only did total jobs tumble by 7,900, far below the +13,000 forecast (down from the December's 800 job decline)...
    20160217_AUS2_0.jpg

    ... but the actual number of full-time jobs plunged by 40,600, the biggest monthly plunge since October 2013!
    20160217_AUS_0.jpg

    The end result a sudden, and unexpected bounce in the unemployment rate from 5.80% to 6.00%, some 20 basis point above the consensus estimate.
    And judging by the corresponding tumble in the AUDUSD, suddenly the realization that the RBA - no longer able to delay reality - will be the next bank to ease as the Chinese deflationary tsunami proves to strong for anyone to resist.
    20160217_AUS3_0.jpg



    http://www.zerohedge.com/news/2016-0...jobs-plunge-mo
     
  2. Certaindeaf

    Certaindeaf SE Portland Well-Known Member

    Messages:
    7,769
    Likes Received:
    6,998
    They better be careful or someone might smear their vegemite sammy on a wall or something.
     
    whiskeybill likes this.
  3. Stomper

    Stomper Oceania Rising White Is The New Brown Silver Supporter

    Messages:
    12,896
    Likes Received:
    19,486
    I'm hoping the $AUD takes a huge tumble within the next month because I'm going there for 2-weeks to attend a family wedding in Perth, and it'd be nice to buy a seaside estate for the equivalent of $150-USD! :D
     
  4. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

    Messages:
    6,279
    Likes Received:
    6,918
    my previous economic thread and my Texas thread has been 'disappeared'
    so I'll be using this thread for posts on the ongoing breakdown:
    Atlantic City government to shut down for 3 weeks - AP via Fox 5 NY


    Police, fire and sanitation workers would continue to perform their jobs without pay but would be paid when the tax money comes in.
    http://www.fox5ny.com/news/local-news/111206051-story


    Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe it, this is now under serious consideration. Since 2008, global central banks have cut interest rates 637 times, they have injected 12.3 trillion dollars into the global financial system through various quantitative easing programs, and we have seen an explosion of government debt unlike anything we have ever witnessed before. But despite these unprecedented measures, the global economy is still deeply struggling. This is particularly true in Japan, in South America, and in Europe. In fact, there are 16 countries in Europe that are experiencing deflation right now. In a desperate attempt to spur economic activity, central banks in Europe and in Japan are playing around with negative interest rates, and so far they seem to only have had a limited effect.

    So as they rapidly run out of ammunition, global central bankers are now openly discussing something that might sound kind of crazy. According to the Telegraph, central banks are becoming increasingly open to employing a tactic known as “helicopter money”…
    Faced with political intransigence, central bankers are openly talking about the previously unthinkable: “helicopter money”.
    A catch-all term, helicopter drops describe the process by which central banks can create money to transfer to the public or private sector to stimulate economic activity and spending.
    Long considered one of the last policymaking taboos, debate around the merits of helicopter money has gained traction in recent weeks.


    The stock mkt rally of the last month has many scratching their heads.

    That is, until you realize:

    1) Most of it was driven by “short-covering.”

    2) The primary buyers of stocks today are corporations buying back their stock to juice EPS, not actual investors.

    3) Actual investors have been selling the farm.

    Central Banking manipulation only works as long as a reasonable number of investors continue to “drink the Kool Aid.”

    Unfortunately we are now well past that point.
     
    Last edited: Mar 22, 2016
    albin25 likes this.
  5. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

    Messages:
    6,279
    Likes Received:
    6,918
    Earlier today, Canada's new Liberal government unveiled a stimulus budget meant to revive slumping growth with a surge in infrastructure spending and said it would run a deficit nearly three times larger than promised during last year's election.
    The government projected a C$29.4 billion ($22.5 billion) deficit for fiscal 2016-17 and gave no target date for returning to a balanced budget. This budget broke virtually all pledges the Liberals made before the election, including running just three years of deficits of up to C$10 billion before balancing the books by fiscal 2019-20.http://www.zerohedge.com/news/2016-0...-risk-bail-ins
     
  6. Stomper

    Stomper Oceania Rising White Is The New Brown Silver Supporter

    Messages:
    12,896
    Likes Received:
    19,486
    What?! Politicians breaking campaign promises once elected? Leftist politicians driving a society deeper into public debt so they can "crash the system" ala Alinskyite discipleship?



    This is as close as I can get to show my "sarcastic (not really) shocked face"... :eek::rolleyes:
     
    Slobray and erudne like this.
  7. tfbit

    tfbit Eugene, OR Active Member

    Messages:
    228
    Likes Received:
    173
    The world economy is a very unfunny joke.
     
    Capn Jack and erudne like this.
  8. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

    Messages:
    6,279
    Likes Received:
    6,918
    By my judgment Perth is the most beautiful city in OZ (I had my land Cruiser's motor swapped-out there and spent many evenings walking around the lake and up the Swan River) That was 30 years ago, I can't imagine what it's like now. The river, the Indian Ocean to the west, the trout fishing to the south, the wine country to the east. magic
     
    Stomper likes this.
  9. Stomper

    Stomper Oceania Rising White Is The New Brown Silver Supporter

    Messages:
    12,896
    Likes Received:
    19,486
    Sitting at Gate G102 in SanFran airport this very second to fly to Sydney!
     
    Sgt Nambu likes this.
  10. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

    Messages:
    6,279
    Likes Received:
    6,918
    Well you got about 22 hours in flight! Enjoy your visit!
     
    Sgt Nambu likes this.
  11. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

    Messages:
    6,279
    Likes Received:
    6,918
    Japan's Economic Prospects in 2016
    Tamim Bayoumi of the PIIE on Japan’s economic state and what’s next for Abenomics


    By Shannon Tiezzi for The Diplomat
    February 16, 2016


    After a recent move to negative interest rates by the Bank of Japan, and some disappointing data on the fourth quarter of 2016, what’s next for Japan’s economy? Tamim Bayoumi, senior fellow at the Peterson Institute for International Economics, sits down with The Diplomat to discuss Japan’s economic state and what’s next for Abenomics
    http://thediplomat.com/2016/02/japans-economic-prospects-in-2016/

    thediplomat_2016-02-16_04-05-14-386x257.jpg shannon-tiezzi-36x36.png
     
  12. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

    Messages:
    6,279
    Likes Received:
    6,918
  13. Stomper

    Stomper Oceania Rising White Is The New Brown Silver Supporter

    Messages:
    12,896
    Likes Received:
    19,486


    Just cleared customs in Sydney, off for another 5.5hr flight to Perth.... :rolleyes:
     
    Last edited: Mar 24, 2016
  14. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

    Messages:
    6,279
    Likes Received:
    6,918
    Send us some pics!
     
  15. Stomper

    Stomper Oceania Rising White Is The New Brown Silver Supporter

    Messages:
    12,896
    Likes Received:
    19,486
    Just got settled into our Air B&B rental house... this is all the photos I have ATM... it's so weird, everything is upside down and on the wrong side of the road around here! :p


    I'll start a new thread when I have some decent photos... right now it's time to shower off the travel funk, and gets some FOOD (and beer)! :D


    image.jpeg image.jpeg image.jpeg
     
    Last edited: Mar 25, 2016
    AMProducts and Certaindeaf like this.
  16. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

    Messages:
    6,279
    Likes Received:
    6,918
    HAHA! OMG, yeah I get it! Now a pic of toilet water flowing "Backwards", that would be perfect!:rolleyes::D:p:cool:
    By the way, when I was there 30 years ago, no freeway signs and yet Perth had the best streets and Hwy system in the...on the continent! Western Australia is my State of choice in OZ, I'd move there in a moment, Every bit of landscape outside of any town is a 3000 yard rifle range! Except for the lack of a BOR and a US Constitution which sorta ruins things. Australia is still under Royal Dictate, they pretend it's like NATO but actually it's still Queen's Rule. PS don't ever mention that bit to an Aussie!
    Drink a Green, Blue, Yellow, and even a Brown fer me!
     
    Last edited: Mar 25, 2016
    Stomper likes this.
  17. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

    Messages:
    6,279
    Likes Received:
    6,918
    France’s unemployment rate rose 1.1 percent in the month of February, pushing jobless numbers to a record 3.591 million people, the Labour Ministry said Thursday.

    The monthly spike is the sharpest since September 2013 and follows a slight dip in January that had raised hopes of an end to years of surging unemployment.

    It comes as students and trade unions staged new protests in cities across France on Thursday against government plans to reform the labour market.

    France’s Socialist government says the reform will help create jobs by introducing greater flexibility in the labour market…
     
  18. Stomper

    Stomper Oceania Rising White Is The New Brown Silver Supporter

    Messages:
    12,896
    Likes Received:
    19,486
    Wow, that's an ambiguous plan! :rolleyes:
     
    erudne likes this.
  19. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

    Messages:
    6,279
    Likes Received:
    6,918
    “Unexpectedly” – First Quarter GDP Results Collapse – Faltering Economy…
    Posted march 28th

    Move along, move along folks, nothing to see here…
    The February trade gap widened by about a half-billion dollars to — $62.9 billion

    [](Via CNBC) First-quarter growth is now tracking at just 0.9 percent, after new data showed surprising weakness in consumer spending and a wider-than-expected trade gap.

    According to the CNBC/Moody’s Analytics rapid update, economists now see the sluggish growth pace based on already reported data, down from 1.4 percent last week. According to the rapid update, economists have a median forecast of 1.6 percent growth in first-quarter GDP, which includes their estimates for data not yet released.
    Continue reading →

    shocked_i_tell_you.jpg
     
  20. The Heretic

    The Heretic Oregon Well-Known Member

    Messages:
    5,059
    Likes Received:
    6,806
    I am an "actual investor" and I put almost every penny of my paychecks into my 401K (mostly in equities) these last three months and then stopped this paycheck and went back to "averaging" (putting less money in over a longer period of time).

    Why?

    1) Economics 101: Buy low, sell high.

    2) Job insecurity: At the time it was not certain whether I would have a job the full year, or I may switch jobs later in the year and many employers don't let you start contributing until you have been there 6 months. Also, if I got laid off and couldn't find another job, my taxes would be much lower - almost nil.

    When the market came back I went back to contributions spaced over the full year.