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More: Big Miss: Nonfarm Payrolls +74,000 vs. 205,000 Expected; Unemployment Rate 6.7% as Labor Force Shrinks by 347,000
Fed Minutes Show Majority Believe "Marginal Efficacy of QE Likely Declining"; Economy Turned the Corner? Inquiring minds are reading Minutes of the December 17-18 FOMC Meeting to see what the Fed is thinking
Image : Thailand’s Thaksin Shinawatra & Cambodia’s Hun Sen – two despots with deplorable human rights records coddled by the West for their shameless selling-out of their respective nations to the Fortune 500. The Cambodian people have lived under the tyrannical rule of dictator-for-life Hun Sen for several decades. His "People’s Power Party" has seen uninterrupted rule for over a quarter of a century. In 1997, when last Hun Sen lost an election, he butchered and exiled his opposition  in a bloodly military coup. Those who failed to flee, according to Human Rights Watch, were brutally tortured and murdered
PMI rises to 11 – month high, indicating solid improvement in business conditions Output supported by strong increase in new orders Employment growth quickens to nine – month high Input price pressures intensifies Summary Business conditions in the U.S. manufacturing sector improved at the fastest rate since January, according to the final December Markit U.S. Manufacturing Purchasing Managers’ Indexâ„¢ (PMIâ„¢).
Flash France Composite Output Index falls to 47.0 (48.0 in November), 7-month low Flash France Services Activity Index drops to 47.4 (48.0 in November), 6-month low Flash France Manufacturing Output Index slips to 45.3 (48.0 in November), 7-month low Flash France Manufacturing PMI falls to 47.1 (48.4 in November), 7-month low Both the manufacturing and service sectors signalled sharper reductions in output than in November. Services activity decreased for the second month running, and at the fastest pace since June. Meanwhile, manufacturers posted a marked decline in production, extending the current sequence of contraction to five months
Haircut Deficit: Kids Living in Basements a Drag on U.S. Services Spending; Since Recession Ended, Durable Goods +34%, Services +6.3%; What’s Next
Read More: High-Powered Idiocy from Academic Wonderland; Three Reasons Banks Not Lending; Blinder is Blind
View the original here: My immature reaction to the allegedly-controversial use of the Hiroshima heat widget
Visit site: Time for Banks to Be Banks, Not Hedge Funds or Slush Funds; Free Money Math vs. 100% Gold…
Originally posted here: Hussman’s Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing…