-Gotta Run, no time to hang for the close today. Where did this day go. Wow!! Fast day. Thanks to readers for helping bring some new readers this year to the truth of the ZGR where we don’t spin you at all, put present the raw data for you to evaluate for yourself. What a novel concept to tell people the truth about how markets really work. Probably why half the readers are spooks or work for the government. Spooks and any USA government employee and any government employee , ex Austrians, Russians, Germans and French government employees are not welcome to read this blog and in fact are stealing. Jews and English are simply not welcome here unless your a born-again and saved person. I loathe everyone of you English cretins, and your Greedy Gyspy kin who read this blog. Drown in your own vomit and corruption if you won’t repent of your bestiality and theft and mad schemes. Justice for you people in England, may you get your just deserts from the Lord this year you bloody English and your war mongering Gypsy kin. Americans need to go on the offensive against England’s mad attacks upon our nation and people. With friends like the Jews and the English, Americans need no enemies. Even the Chinese Communist might do a better job running this joint rathern than our Blueblood, Anglosaxon and Jewish masters in Canada and England. And that is a really, really sad comment. For Sure Putin would do a better job.
MARKETS – AT A GLANCE
Why Jobs Must Be Our Goal Now, Not Deficit Reduction
The news today from the Bureau of Labor Statistics is that the U.S. job market is treading water.The number of new jobs created in December (155,000), and percent unemployment (7.8), were the same as the revised numbers for November.Also, about the same number of people are looking for work (12.2 million), with additional millions too discouraged even to look.Put simply, we’re a very long way from the job growth we need to get out of the gravitational pull of the Great Recession. That would be at least 300,000 new jobs per month.All of which means job growth and wage growth should be the central focus of economic policy, not deficit reduction.Yet all we’re hearing from Washington — and all we’re likely to hear as Republicans and Democrats negotiate over raising the debt ceiling — is how to cut the deficit.The typical American worker’s paycheck will drop this week because his or her Social Security tax will rise, from 4.2 percent to 6.2 percent. That’s nonsensical. We need to put more money into the pockets of average workers, not less. The first $25,000 of income should be exempt from Social Security taxes altogether, and we should make up the difference by eliminating the ceiling on income subject to Social Security taxes.
Bob was one of the best Labor Secretaries in the last 25 years. Clinton got away with his crime and grime as he had a real jobs and industrial policy. Cheney per Andy Grove the retired CEO of Intel demanded all non defense jobs be shipped to China. There is a special place in hell for dick Cheney.
-BBN Hedge Fund Rankings
Gross: 7.8% still a few years away from the 6.5% Fed tightening target. 5-yr yields at .83% look reasonable.
- Sen. Crapo pleads guilty to DUI, 180-day jail sentence is quickly suspended
One law for you and another one for the Senators. Throw the bum in jail for a year like the ‘sheep’. The guy is a lush and should permanently lose his license.
-Three New York police officers shot and wounded-BBC
Doing their illegal ‘stop and frisk’. Cops don’t want you to have guns so they can shoot you and taser you with impunity. As guns are taken off the street legally like in NYC and the city becomes more violent, more guns enter the system illegal. One could be a possible State sponsored Zoloft type of shooter.
-Short Uggh Boots and Wellies?
No American should ever buy from Uggh Boots or Wellington boots. You might as well hand your money to Rothschilds himself or Prince Charles. And that includes you Canadians. LL Bean. Or Military Surplus made in the USA or Canada or Germany.
-Uber Rich NYer and NJ people get a 10 billion dollar handout from the rest of us.
Poor blacks, Irish, and Italians will be squeezed out of their beach front homes and Rich Jews and Anglosaxon bluebloods wil be bailed out. That is the way the evil USA government really works. You’re a friend of Mayor Mike Jewberg or the fatman Royal English thug from New Jersey or you’re not. I have no problems with ZIRP loans for truly needy to rebuild. Key word, truly needy.
-Rothschilds Anglosaxon Shills and Cousins at the Economist, say, don’t worry Economists and Banksters and Traders, hell does not exist.
The great lie of the devil after that he does not exist, is the inference that if he does not exist neither must hell. It is the creed of the globally criminal Economics profession.
-HSBC says sell GBP vs. EUR, sterling to drop substantially
Even as City of London gets ready to attack the Dollar and Euro. Quite amazing how they say one thing to the public as their trading desk in London is getting ready to squeeze Shorts on the GBP/Euro. This is what defacto legal impunity gives. Lie, cheat, rig, collude, and steal and it is all quasi legal in England.
-Jew Roubini’s Propaganda/ Analysis of USA Job reports put out for ‘marks’
December employment report showed a modest gain the nonfarm payroll, despite the issue of “fiscal cliff” weighed down on sentiment
-Why I don’t eat meat…
I happen to really love cows and goats and sheep. Fish and Chicken are another matter. I do love to slay trout, salmon and halibut and cod and shark. Great eating fish.
-Lacker Lies of the day used to hit gold.
The Federal Reserve‘s growing balance sheet leaves the central bank vulnerable to “seemingly minor miscalibrations” in policy and may lead to rising inflation next year, Richmond Fed President Jeffrey Lacker said Friday.I see an increased risk, given the course the committee has set, that inflation pressures emerge and are not thwarted in a timely way,” Mr. Lacker said in remarksprepared for a Maryland Bankers Association forum. “I intend to remain alert for signs that our monetary policy stance needs adjustment.” The Fed’s policy committee last month said it would start pumping more money into the financial system with new bond purchases. The effort is meant to drive down long-term interest rates to encourage borrowing, spending and investing.
Pure theater as the FEDs balance sheet has been flat for a long, long time. A picture is worth a 1000 true words or a 1 million to expose the extraordinary liars at the FED. A Central banker, a very prominent one got my banned for life from Twitter for merely exposing his constant lies with facts, and he threatened to harm me and I got the boot!!. No it was not Lacker.
Twitter is an Anglosaxon fascist operation, to match the Jewish fascist at Google and Facebook.
At least Lacker admits he owns farmland and gold and silver and advises the sheeple to get aboard that train. Try and get into a CB meeting at your local FED district, you need an invitation, and you will be shut out or banned after asking any tough questions. By law all FED meetings should be open to the public, but the FED regional banks are in reality completely private and local banksters elected the FED regional banks ex the NY bank which tends to be very political and just rotates between GS and JPM and major FED hacks.
-Must read of the day…
At least if hagel makes it to Defense. The Jews and English Uber Alles crowd is working hard to scuttle him.
-Why the USA economy and dollar will tank in 2013, no matter what the deficit, unless Bernanke really starts QE4.
Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center. Earners in the latter group will pay an average 1.3 percent more – or an additional $2,711 – in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent – or up to $1,784 – the D.C.-based think tank reported. Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.’The economy needs a stimulus, but under the agreement, taxes will go up in 2013 relative to 2012 – not only on high-income households, as widely discussed, but also on every working man and woman in the country, via the end of the payroll tax cut,’ said William G. Gale, co-director of the Tax Policy Center. ’For most households, the payroll tax takes a far bigger bite than the income tax does, and the payroll tax cut therefore – as [the Congressional Budget Office] and others have shown – was a more effective stimulus than income tax cuts were, because the payroll tax cuts hit lower in the income distribution and hence were more likely to be spent,’ he added.When the deal was passed by Congress late Tuesday, President Obama said it prevented ‘a middle class take hike that could have sent the economy back into recession’ and have a ‘severe impact’ on American families. ’Under this law, more than 98 percent of Americans and 97 percent of small businesses will not see their income taxes go up,’ he said. To the contrary, the Tax Policy Center says roughly 70 percent of Americans will see their income taxes rise as a result of the deal. They won’t rise as much as they would have if no deal had been reached and the fiscal cliff was triggered, but they will go up nonetheless.
Obama wants to grant himself unlimited spending, as he ran such a massive deficit in December. On the 8 th of this month we get the December deficit which I expect to be enormous. Obama is probably planning on running a 1.5 to 2 trillion a year deficit. All thanks to the evil FED handing out free money to the banks and governments to rig the UST and gold markets. You never raise taxes on labor in a recession like the USA is in. This is just taking money from the private sector and handing it to the banks and politicos, who destroy wealth, along with the greedy guys at the Pentagon.
-1400 USA Markets
|DJ Transportation Average||5528.04||58.11||1.06|
|DJ Utility Average||464.62||3.05||0.66|
|DJ Composite Average||4572.59||24.12||0.53|
|DJ Total Stock Market||15249.44||57.17||0.38|
|DJ Broad Stock Market||3625.72||13.53||0.37|
|DJ Large-Cap Growth TSM||3556.14||9.11||0.26|
|DJ Large-Cap Value TSM||3119.64||13.32||0.43|
|DJ Mid-Cap Growth TSM||5592.55||28.40||0.51|
|DJ Mid-Cap Value TSM||5023.55||30.73||0.62|
|DJ Small-Cap Growth TSM||4944.96||32.77||0.67|
|DJ Small-Cap Value TSM||6424.29||38.18||0.60|
|DJ Micro-Cap TSM||7892.36||52.05||0.66|
|DJ Select REIT||214.42||-0.06||-0.03|
|DJ U.S. Select Dividend||422.51||1.72||0.41|
|S&P 400 Mid-Cap||1054.58||6.37||0.61|
|S&P 600 Small-Cap||492.28||3.11||0.64|
|S&P 1500 SuperComp||338.78||1.19||0.35|
|NYSE Health Care||8065.20||33.71||0.42|
|NYSE Arca Biotech||1616.53||5.47||0.34|
|NYSE Arca Pharmaceutical||378.00||1.62||0.43|
|NYSE Arca Tech 100||1318.76||2.83||0.22|
|NYSE Arca Internet||336.08||0.93||0.28|
|NYSE Arca Sec. Broker/Dealer||98.27||0.98||1.01|
|NYSE MKT Composite||2383.70||21.37||0.90|
|Morgan Stanley High Tech||704.29||0.97||0.14|
|PHLX Housing Sector||178.21||1.17||0.66|
|PHLX Oil Service||231.32||4.00||1.76|
-Europe Closing Prices
You can’t say much about the low volume. The London vomiters return on Monday so the markets will be on full strength and alert as the English/London traders are set to attack Greek, Spanish and Italian banks and CDS and bond spreads next week as the London /Berlin rift grows. Hollande is doing his best to destroy the French economy but unfortunately for London, the French courts were not stuffed with Jews like the USA courts, so his tax grab was struck down and he is a lame duck President. Europe is pinning its hopes on Angela Merkels reelection, which given she is probably Hitlers test tube daughter, is as bad of mistake as the last Hitler. Merkel has wanted to use German gold for monetization purposes and we know the Bundesbanks is as opaque as FED with respect to swaps, options and loans. Monti is no doubt a key part of getting the Bank of Italy more deeply involved in the paper gold game. Some quid pro was given for that covet Noyer put on the Italian bond markets. Monti seems to be in political panic to get his fingers in the ruling coalition with the incoming communist Bersani and to keep Berlusconi at pay. At least Berlusconi is not ashamed of the whores and Sephardi mob he hangs out with and does not try and pretend to be a blue blood like Mr. Goldman Sachs.
Regling has some superb traders at the ESM. Likely the DB desk is managing the ESM trades. Germany is said to be planning extra €5B-€6B spending cuts to meet budget targets in 2014 per their finance minister so likely they see a weak European economy for some time to come , after all European banks have not degeared, and massive deficits are still present in Spain and Greece. Ernst and Young sees the unemployment situation in Europe getting far worse before it gets better in 2014.
I built my short position in the DAX and was encouraged by the BBN, showing how the German state is shoring up their car industry such that virtually every German manager and his wife gets a free car. The USA used to have this system, ex no wives got free cars, but eliminated it during the Clinton administration, such that only high level executives got free cars. I had a free car from the 1970 to the 2000 courtesy of my corporate masters, ex the periods I worked at start ups, although I guess to be forthright, even there my car expenses were nil.
The City of London, although I can’t disclose the sources, said the dollar is going down long before their beloved pound, which the City of London sees as the last man standing in the currency wars.
Transocean, the Jew purchased ex USA driller that was moved to London and now Switzerland settled for 1.5 billion their civil liabilities for their part in the black operation in the Gulf of America. More or less as they did exactly what BP told them to do. BPs federal, state, and civil claims are far from closed. They are in legal/lawyer war of attrition, where the need for money forces people to settle. Unfortunately Obama’s BP ban would needed to be for a couple of years until he forces a good settlement out of those Anglosaxon-Masonic, Jewish crooks. BP is a complete MI6 operation. It is one of the most evil firms on earth after HSBC, JPM, GS, Barclays.
The Jews that run Tesco , kind of the Walmart of England, were caught copying the Jew that runs Starbucks move and creating ‘fake’ indy coffee shops. Starbucks has been a complete fail in ‘hip’ places like Berkeley, and San Franciso, where their establishments remain empty when they locate them next to locally owned business which has been their model for destroying middle America, largely by paying celebrities to drink their crummy coffee and promote it, like Brad and Angie, and getting their coffee into the films for product placement. If people knew these big firms were recording conversations and video taping every customer their shops would drain even faster. Even the PM of England came out and said Starbucks lacked scruples this week, so the English press went on a mad dog attack of their business in England again as well as Tesco.
The Greed of the Jew even insults their fellow Jews sometimes. A very forthright Jew told me Jews should never be allowed to control the political process and if there were too many Jews in business they would devour each other through their greed as well as the Gentiles. He was not a materialist, Talmudist, or war monger, or a Zionist. He renounced his Israeli citizenship and moved to the USA. When you meet a good Jew, they tend to be virtual saints. I”ve never met a good English person and that is the only tribe I can say that about on the face of the Earth. If anyone knows of an honest and true Christian English person, I would travel a very long way to meet them ex England where I am on the ‘most wanted’ poster in the Dungeons. Even Israelis I have talked admit their are a lot of lousy corrupt Jews, but they all have told me they too had never met an Englishman that was not perverse and corrupt. The only time the Palestinians and Jews every agreed on anything was that neither could stand the corruption of the English so they joined forces to force them out of Israel/Palestine. Thank to RFK letters for that tidbit!!
Given England has a freer press, they tend to not use these big corporate places like Americans do to their own detriment. I doubt Walmart will ever establish a foot print in England despite their Royal British-Israel roots. Tesco would not allow it an Walmart pushed Tesco out of the USA and Tesco was probably fooled by the number Anglophiles the USA has.
The Markit/CIPS services Purchasing Managers’ Index (PMI) for services, which makes up three-quarters of the UK economy, dropped to 48.9 in December – its lowest reading since April 2009 – from 50.2 in November, confounding English economists forecasts for a small rise today. So the English economy is under severe pressure which is why their spies were all over the USA to float a big deficit and give British Firms many preferential tax treatments.
It is too bad so many Germans who read this board are spies for the German banks and contribute so little. Readership goes down about 1/3 when the English are on vacation, and most of those English ‘hits’ are from the City of London. The English Crown which includes Wills and Kate Rothschilds dread this information getting out, especially the the fake and controlled indy media. Hacking attacks will probably begin on Monday when the MI6 sodomites and drunks return from their homosexual trysts.
Looking at some proprietary bank stress indicates, there is a good chance for another major crisis in Europe before the USA crisis hits. USA banks thanks to Bernanke’s give aways are in far healthier positions than European banks. And just think ex Spain and Ireland, Europe and especially England, has the mother of all housing bubbles; and even in Germany housing prices are excessive now. In Switzerland they are simply not affordable anywhere.
German 10y 1.55+0.06, -4.12%
Italy 10yr 4.22-0.03, 0.71%
Spain 10yr 5.04+0.03, -0.67%
U.K. 10yr 2.12+0.05, -2.21%
|Country: Index||Last||Change||% Chg|
|Stoxx Europe 50*||2653.02||12.65||0.48|
|Stoxx Europe 600*||287.83||1.00||0.35|
|Euro Stoxx 50*||2709.35||8.13||0.30|
|Austria: ATX Index*||2483.05||-3.83||-0.15|
|Denmark: OMX Copenhagen 20*||513.09||4.68||0.92|
|Estonia: OMX Tallinn*||759.93||-0.08||-0.01|
|Finland: OMX Helsinki*||6092.72||43.07||0.71|
|France: CAC 40*||3730.02||8.85||0.24|
|Greece: Athens General*||964.19||11.89||1.25|
|Greece: DJ Greece TSM*||743.23||13.13||1.80|
|Greece: FTSE/ATHEX 20*||332.08||6.30||1.93|
|Iceland: OMX Iceland All-Share*||698.21||-2.79||-0.40|
|Ireland: ISEQ Overall *||3497.43||19.02||0.55|
|Italy: FTSE MIB*||16959.78||49.95||0.30|
|Latvia: OMX Riga*||409.26||7.98||1.99|
|Lithuania: OMX Vilnius*||362.75||0.29||0.08|
|Norway: OSE All-Share*||504.39||2.03||0.40|
|Portugal: PSI 20*||5878.78||10.91||0.19|
|Russia: DJ Russia Titans*||6601.96||22.45||0.34|
|Spain: IBEX 35*||8435.80||32.40||0.39|
|Sweden: OMX Stockholm*||353.48||1.73||0.49|
|Switzerland: Swiss Market*||7058.92||38.46||0.55|
|UK: FTSE 100*||6089.84||42.50||0.70|
|UK: FTSE 250*||12694.90||43.65||0.35|
|UK: FTSE AIM All-Share*||719.44||2.27||0.32|
-Gold was hit again on the thin Friday by the Cartel. The MSM is beyond ludicrous, even if the FED was divided on ending QE4, in reality they have an economy that is DOA in the USA and if you drill hard enough you can see the USA probably lost 100k jobs in December and at best stayed even. Tax raises, especially the pernicious increase in Social Security taxes, will definitely impede growth and the tax raises and revenue don’t even dent the $150bn-75bn a month deficit. Market commentators are all whores as far as I can see as only the ECB is truly monetizing the debt of the Eurotrash economies away, and the banking systems in Italy and Spain and Greece are flashing major warning and stress signals. More on that later some time next week. What does it matter if the FED ends their QE4 program. They have been sterilizing their monetary operations, along with the SNB, PBOC, BOJ, etc. Incredulously enough Chinese illegal immigrant are again flooding the USA west coast looking for work. The only economy that is truly on a smooth glide is Russia. Even if the FED never launches QE4, even the whores at GS say by 3q, the dollar will come under severe pressure. This weeks COT will be meaningful. So I will do some analysis more than likely this weekend to give the 1-4 week outlook on gold and silver. The market spinners are trying to point the ISM services data, which is traditionally strong in the Holiday and tax season we are entering as being a sign of growth, when factory orders, durable goods and jobs say at best the USA economy is stagnant. Obama’s massive deficit spending is the only thing holding up the global economy right now which is why Danny Blanchflower and all the BOE types and MI6 spies were all over Capitol Hill taking names of ‘belligerent’ Republicans fighting Boehner’s give away of your money and mine. Given the really crummy data out of Europe and the poor USA data, you could tell that was Hans Regling and the boy a the European slush fund running the tape, as USA traders sold the PPT intervention and attempt to pump the market and Hans came in and most likely buying DAX futures to pump the Stoxx up. The USA equity markets are trading flat. There was not even enough vol or volume in the market for my computer to trade, so it exited.
-MARKETS – AT A GLANCE
-USA trading Session , Economic Data Release Summary
- (BR) Brazil Nov Industrial Production M/M: -0.6% v -0.9%e; Y/Y: -0.8%e v +2.3% prior
- (IE) Ireland Dec Live Register Monthly Change: -1.4K v -1.5K prior; Unemployment Rate: 14.6% v 14.6% prior; Live Register Level: 430.9 v 432.3 prior
- (IN) India FX Reserves w/e Dec 28th: $296.6B v $296.5B prior
- (BR) Brazil Dec PMI Services: 53.5 v 52.5 prior
- (US) Dec Change in Nonfarm Payrolls: +155K v +152Ke; Change in Private Payrolls: +168K v +155Ke; Change in Manufacturing Payrolls: +25K v +4Ke
- (US) Dec Unemployment Rate: 7.8% v 7.7%e; Underemployment Rate: 14.4% v 14.4% prior; Change in Household Employment:+28 K v -51K prior
- (US) Dec Avg Hourly Earning M/M: 0.3% v 0.2%e; Y/Y: 2.1% v 1.7%e; Avg Weekly Hours: 34.5 v 34.4e
- (CA) Canada Nov Industrial Product Price M/M: -0.3% v -0.3%e; Raw Materials Price Index M/M: -1.9% v -1.0%e
- (CA) Canada Dec Net Change in Employment: +39.8K v 5.0Ke; Unemployment Rate: 7.1% v 7.3%e; Full Time Employment Change: +41.2K v +5.2K prior; Part-Time Employment Change: -1.4K v +4.1K prior; Participation rate: 66.8% v 66.8%e
- (US) Nov Factory Orders : 0.0% v 0.4%e
- (US) Dec ISM Non-Manufacturing: 56.1 v 54.0e
- (US) Weekly EIA Natural Gas Inventories: -135 bcf v -130 to -135 bcf expected range
- IMF’s Chief Economist Blanchard: Cuts in budgets in the EMU have had a larger than expected negative impact on GDP.
- France Fin Min Moscovici: There will be a fresh source of financing behind President Hollande’s pledge to craft new investment strategy to support France’s economy – French press.
- France will benefit from €7.0B in financing from the European Investment Bank over three years (double the previous amount).
-German Fin Min Schaeuble: Confident details on Basel III can be completed in course of 2013 in Europe. Proposes ‘austerity’ budget for Germany’ for 2014 time frame.
- Cyprus Petrol stations to strike nationwide today to protest lack of regulation in the market
- Central Spain govt sees risk of 7 autonomous regions missing deficit targets- Spanish press; Hacienda Andalucia, Murcia, Valencia, Extremadura, the Balearic Islands and Castilla-La Mancha seen as the regions
- Egan Jones founder Sean Egan: Does not believe the US should encounter another sovereign downgrade at this time (Note: Egan Jones has cut the US rating several times already)
- Chancellor Merkel’s CDU party: SPD inheritance and wealth tax plans are a threat to business- draft statement .
- Czech Central Bank Vice Gov Tomsik: noted that forex intervention was the best way to ease policy further. He added that suggestions that central banks should adopt higher inflation targets or switch to targeting nominal gross domestic product could prove too costly. Exchange rate pressures would not threaten financial stability as domestic banks and households are financial locally.
- German CDU Deputy Chief Meister: If Germany wants to reach a balance budget it must cut an additional €5.0-6.0B in spending in 2014.
- Greece Senior Finance Official: 2012 primary budget deficit could equal 1.3% of GDP v target of 1.5%.
- Japan Chief Cabinet Sec Suga commented that recent moves in stock and Fx markets were very welcomed. He added that it was important to have BOJ governor who understood PM Abe’s goals to end deflation and reverse the Yen strength..
- Brazil Govt makes one-off cash transfer of BRL16B from Caixa, BNDES Development Bank and sovereign wealth fund to meet fiscal targets
- Factory orders were unchanged in November, a result that was weaker than expected, the Commerce Department reported Friday. Economists polled by MarketWatch had forecast a 0.3% increase in factory orders. Prior to November, factory orders had increased in three of the past four months. Orders in November were held down by a drop in transportation equipment, especially civilian and military aircraft. Orders for durable goods increased 0.8% gain in November, revised up from 0.7% estimated two weeks ago. New orders for nondurable goods fell 0.6% after a 0.5% gain in October. Shipments increased 0.4% in November, the fourth gain in the past five months. Inventories were flat in November for the second straight month. There was some underlying strength in the report. Orders for capital goods excluding defense and aircraft rose 2.6% in November after a 3% gain in October. Shipments of these “core” orders, a key component of investment in the gross domestic product calculations, were up 2% in the month. MW
- Service-sector growth accelerated in December, as the Institute for Supply Management’s services sector index climbed to 56.1% from 54.7% in November. Economists polled by MarketWatch had expected a 54.7% reading. The details of the report also were generally good, with the new-orders index climbing by 1.2 percentage points to 59.3% and the employment index climbing 6 percentage points to 56.3%. Any reading above 50% indicates expansion. MW
|US Cotton No.2||74.03||-1.36||-1.81%|
|US Coffee C||145.90||-0.12||-0.09%|
-USA Jobs Report Commentary
Another weak report, but if it were true, it would only cover the net new number of job entrants in the USA: 155k jobs and 7.8 pc unemployment for December. Birth-Death jobs were -4k for the month of December. U6 , long term unemployed, remained at 14.6 pc. Most notable was the fact that 397k Americans were taken off the unemployment rolls, so we saw a very significant shrinkage in the labor force which is what kept the unemployment rate unchanged at 7.8 pc. The number of hours worked ticked up from 34.4 to 34.5 hrs. Hourly wages increased from $23.66 to $ 23.73. Salaries increased from$ 813.90 to $815.69. Health Care was +45k, Food Services was +38k, and construction was +30k. Manufacturing was +25k. Among the Youth under 20, the lowest cost entrants, and new high school graduates, who enter the labor force at 18, the unemployment rate went up from 20.4 pc to 22.6 pc, giving lie to the basic data set. In addition, 224k more people were actively looking for work who could not find a job in December. Net there appears to have been approximately 100k jobs lost during the month of December. At the best if we take the NFP establishment data report at face value the USA employment situation is stagnant. MZM and M2 were essentially flat week on week for the monetary aggregates.
-European Session , Economic Data Release Summary
- (DE) Germany Nov Retail Sales M/M: 1.2% v 0.8%e; Y/Y: -0.9% v -1.6%e
- (IE) Ireland Dec NCB Services PMI: 55.8 v 56.1 prior (5th straight month of expansion)
- (BR) Brazil Dec FIPE CPI Monthly: 0.8% v 0.7%e
- (SE) Sweden Dec PMI Services: 49.1 v 47.2e
- (HU) Hungary Nov Unemployment Rate: 10.6% v 10.6%e
- (DK) Denmark Nov Unemployment Rate: 4.8% v 4.9%e; Gross Unemployment Rate: 6.3% v 6.4%e prior
- (EU) ECB: €130M borrowed in overnight loan facility vs. €120M prior; €250.5B parked in deposit facility vs. €275.9B prior
- (ES) Spain Dec Services PMI: 44.3 v 42.6e (18th straight month of contraction)
- (TW) Taiwan Dec Foreign Exchange Reserves: $403.2B v $401.0B prior
- (IT) Italy Dec PMI Services: 45.6 v 45.0e (19th straight month of contraction); New Business Index: 40.6 v 42.8 prior (lowest since July 2012
- (FR) France Dec Final PMI Services: 45.2 v 46.0e (5th straight month of contraction)
- (DE) Germany Dec Final PMI Services: 52.0 v 52.1e (first growth since April 2012)
- (EU) Euro Zone Dec Final PMI Services: 47.8 v 47.8e; PMI Composite: 47.2 v 47.3e
- (IC) Iceland Nov Final Trade Balance (ISK): 10.7B v 12.3B prelim
- (UK) Dec PMI Services: 48.9 v 50.2e (lowest since April 2009)
- (UK) Nov Net Consumer Credit: £0.1B v £0.0Be; Net Lending Sec. on Dwellings: -£0.2B v +£0.5Be
- (UK) Nov Mortgage Approvals: 54.0K v 54.0Ke (highest level since Jan 2012)
- (UK) Nov M4 Money Supply M/M: -0.2% v +0.2% prior; Y/Y: -2.8% v -3.2% prior; M4 Ex IOFCs 3M Annualized: 4.3% v 5.4% prior
- (EU) Euro Zone Dec CPI Estimate Y/Y: 2.2% v 2.1%e
- (IT) Italy Dec Preliminary CPI (NIC incl. tobacco) M/M: 0.3% v 0.2%e; Y/Y: 2.4% v 2.3%e
- (IT) Italy Dec Preliminary CPI EU Harmonized M/M: 0.3% v 0.2%e; Y/Y: 2.6% v 2.4%e
11:12 a.m. EST 01/04/13Major Stock Indexes
-USA Jobs Report
Nonfarm payroll employment rose by 155,000 in December, and the unemployment rate was unchanged at 7.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, food services and drinking places, construction, and manufacturing.
-Berlin prépare de nouvelles mesures d’austérité
Le gouvernement allemand prévoit de cinq à six nouveaux milliards d’euros de baisse des dépenses publiques, afin d’équilibrer son budget pour 2014, affirme vendredi 4 janvier le journal Rheinische Post, citant des sources internes au ministère des finances. Le quotidien précise que les baisses prévues par Wolfgang Schäuble, le ministre des finances, devraient concerner tous les ministères, ainsi que le système de santé.
“Si nous voulons obtenir un budget équilibré sur un plan structurel en 2014, nous devrons combler un vide de cinq milliards d’euros”, a reconnu Michael Meister, chef adjoint du groupe parlementaire de l’Union chrétienne-démocrate (CDU) de la chancelière Angela Merkel, cité par le Rheinische Post. “Cela se fera seulement à l’aide de coupes budgétaires”, a-t-il précisé, excluant des hausses d’impôts…
- I set up some program trades in Europe and the USA. I may not be around to cover in real- time the USA jobs report in the morning, but I am not expecting much , except to meet the 150-175k number as December is an easy to manipulate month.For sure I will dissect the report. Congress is bascially MOA as is Obummer, and the English are still vomiting their way across Europe and won’t be returning home until Saturday night, and I need to spend the hours before dawn out in the fields, which is always the next best place to the beach or mountains to watch the sun come up anyways.
|Country: Index||Last||Change||% Chg|
|DJ Asia-Pacific TSM||1340.60||6.23||0.47|
|Australia: All Ordinaries*||4742.90||-18.50||-0.39|
|China: DJ CBN China 600||20815.39||21.32||0.10|
|China: DJ Shanghai||284.95||0.31||0.11|
|China: Shanghai Composite||2277.36||8.23||0.36|
|China: Shenzhen Composite||878.26||-2.91||-0.33|
|China: Shanghai 50||1874.15||16.47||0.89|
|Hong Kong: Hang Seng||23265.18||-133.42||-0.57|
|India: BSE Sensex||19737.26||-27.52||-0.14|
|India: S&P CNX Nifty||5997.60||-11.90||-0.20|
|Indonesia: JSX Index||4406.77||7.51||0.17|
|Indonesia: JSX BISNIS 27||377.30||0.76||0.20|
|Indonesia: JSX Islamic||611.26||-1.07||-0.17|
|Indonesia: JSX LQ-45||753.91||0.78||0.10|
|Japan: DJ Japan TSM*||553.30||17.77||3.32|
|Japan: Nikkei Average*||10688.11||292.93||2.82|
|Japan: TOPIX Index*||888.51||28.71||3.34|
|Malaysia: DJ Malaysia TSM||3121.81||-5.24||-0.17|
|Malaysia: FTSE Bursa Malaysia KLCI||1689.00||-3.65||-0.22|
|New Zealand: NZX 50*||4075.04||-7.33||-0.18|
|S. Korea: KOSPI*||2011.94||-7.47||-0.37|
|S. Korea: KOSPI 50*||1739.05||-13.53||-0.77|
|S. Korea: KOSPI 100*||2019.10||-11.44||-0.56|
|S. Korea: KOSPI 200 Composite*||266.14||-1.38||-0.52|
|Singapore: FTSE Straits Times||3222.92||-1.88||-0.06|
-Crisis of faith over Vatican cash machines. Bank of Italy blocks electronic payments in Vatican City, FT
- TM: Reports Dec US sales +9% y/y; to 194.1K units v 201.5Ke Toyota and Audi to showcase self-driving technology at the upcoming CES (next week)
- NSANY: Reports Dec US Sales -1.6% y/y; to 99.3K units v 100Ke
- HMC: Reports Dec US vehicle sales +26.2% y/y, at 132.8K units v 133.5Ke - To launch hybrid sedan on Japan domestic market with “best-in-class” fuel economy of 29km per liter – Nikkei News (wow!!)
- Kawasaki Heavy – To start direct production of sports motorcycles in India within this year – Nikkei News
- NEC :To invest about Y10B to establish a new low-cost satellite plant in Tokyo – Japan press
- SNE: Said to be in discussions with content firms regarding multi-channel TV services – financial press
- PC: Panasonic, Renesas, and Fujitsu to merge their LSI units – Japan press
- Samsung Electronics To launch Galaxy S4 Prototype smartphone in a private meeting during next week’s CES – Korean press
-Amazon said to have requested that AU Optronics enters its supply chain for the upcoming tablet products
- Lenovo Aims for 100% domestic supply of components in notebook production within 3-5 years
- According to Soufun, China Nov home prices increased 0.23% m/m
- Nomura cuts China Q4 GDP y/y target to 8.0% from 8.4% prior
- According to China Land Registry, Dec home sales fell 53.3% m/m to 3,286, lowest level since late 2008 – SCMP
-Nikkei News report suggesting a labor shortage in Japan may impede PM Abe’s ambitious infrastructure projects – Nikkei News
- BOK Gov Kim: Denies press speculation the BOK is considering doing away with inflation target in favor of a GDP target
- South Korea Ministry of Knowledge and Economy (MKE): 2012 foreign direct investment (FDI) into Suth Korea rose 18.9% to $16.2B
- Philippines Central Bank Gov Tetangco: Dec inflation data supports manageable outlook; Monetary policy setting is appropriate – financial press
-Australia Dec Port Hedland iron ore exports: 26M (record high) v 21.69M m/m, shipments to China +25% m/m to record
- China Stats Bureau: Pork prices rise up to 2% in late Dec – CD
- GLD: SPDR Gold Trust ETF daily holdings fall by 9.6 tons to 1,340.3 tons (lowest since Nov 15th) SLV: iShares Silver Trust ETF daily holdings fall to 10,080 tons from 10,085 tons (first decline since Dec 2nd) SLV: Mar silver falls below $30/oz; Down over 1% in Asian session.
-Asian Session Economic Release Update
(CN) CHINA DEC HSBC SERVICES PMI: 51.7 V 52.1 PRIOR
(AU) AUSTRALIA DEC AIG PERFORMANCE OF SERVICE INDEX: 43.2 V 47.1 PRIOR (11-month of contraction)
(HK) HONG KONG DEC PURCHASING MANAGERS INDEX (PMI): 51.7 V 52.2 PRIOR
(PH) PHILIPPINES DEC CONSUMER PRICE INDEX (CPI) M/M: -0.1% V +0.2%E; Y/Y: 2.9% V 3.0%E; CORE CPI Y/Y: 3.3% V 3.4%E
(KR) South Korea Dec Foreign Exchange Reserves: $327.0B v $326.1B prior
-Verwendung von Google, oder erschossen zu sterben – sagen wir midget Juden
Der Zionazis sind auf dem Vormarsch
-Der Jude und der Englisch, sind fur einander gemacht!
-20 Millionen Arbeitslose in der Euro-Zone befürchtet
Die Jobkrise in der Euro-Zone wird sich nach Prognose der Wirtschaftsprüfer von Ernst & Young im Jahr 2013 verschärfen. In der zweiten Jahreshälfte werde die Zahl der Arbeitslosen mit knapp 20 Millionen einen Rekordwert erreichen, heißt es in einer Studie. 2010 waren es lediglich 15,9 Millionen..
Ernest and Young are predicting a staggering 20 million on unemployment in the Eurozone in 2013, up from 15.9 million in 2010. Looks like they read the ZGR!! But employment in Germany will continue to soar as they have no minimum wage laws.
-Goldmänner vs Berlusconi, welcher Mob wird über Italien herrschen?
-Ernst & Young: High Odds Italy Will Ask For Bailout In 2013; Upcoming Elections Possible Catalyst
-Un quartier de Londres veut mettre les obèses à l’amende
Englishmen need to wear bras, no?
Y/$ truly one of the most remarkable verbal intervention in a currency in the history of the markets. Truly amazing what the press and the shills did to squeeze the Longs in the Yen. The Euro/$ rise was even more remarkable given the money print the ECB has going on compared to the FED. I’ve been an aggressive seller of Euros against all major currencies as it hit the 1.32-1.33 range.
Asian equity markets were largely down ex Japan which soared on the falling Yen as they returned from their 4 day holiday break and the Nikkei closed at a 22 month high at 10666, up 2.6 pc. Hong Kong and Mainland China stocks largely reacted to the late day sell off in the USA stocks after the FMOC minutes and drifted lower. The press has still not deciding the FOMC comments were bullish (reuters) or Bearish(bloomberg). Markets remained subdued to to the absence of Europeans, still on their long holidays with black boxes executing trades across much of Europe.
|US Cotton No.2||75.42||-0.27||-0.35%|
|US Coffee C||146.03||-2.77||-1.86%|
|Country: Index||Last||Change||% Chg|
|DJ Asia-Pacific TSM||1338.31||3.94||0.30|
|Australia: All Ordinaries||4740.40||-21.00||-0.44|
|China: DJ CBN China 600||20740.16||-53.91||-0.26|
|China: DJ Shanghai||284.26||-0.38||-0.13|
|China: Shanghai Composite||2263.15||-5.97||-0.26|
|China: Shenzhen Composite||871.06||-10.11||-1.15|
|China: Shanghai 50||1856.44||-1.24||-0.07|
|Hong Kong: Hang Seng||23211.61||-186.99||-0.80|
|India: BSE Sensex||19697.54||-67.24||-0.34|
|India: S&P CNX Nifty||5986.45||-23.05||-0.38|
|Indonesia: JSX Index||4406.77||7.51||0.17|
|Indonesia: JSX BISNIS 27||377.30||0.76||0.20|
|Indonesia: JSX Islamic||611.26||-1.07||-0.17|
|Indonesia: JSX LQ-45||753.91||0.78||0.10|
|Japan: DJ Japan TSM||552.41||16.88||3.15|
|Japan: Nikkei Average||10692.19||297.01||2.86|
|Japan: TOPIX Index||887.58||27.78||3.23|
|Malaysia: DJ Malaysia TSM||3121.96||-5.09||-0.16|
|Malaysia: FTSE Bursa Malaysia KLCI||1689.22||-3.43||-0.20|
|New Zealand: NZX 50*||4075.04||-7.33||-0.18|
|S. Korea: KOSPI||2004.64||-14.77||-0.73|
|S. Korea: KOSPI 50||1733.19||-19.39||-1.11|
|S. Korea: KOSPI 100||2011.50||-19.04||-0.94|
|S. Korea: KOSPI 200 Composite||265.17||-2.35||-0.88|
|Singapore: FTSE Straits Times||3222.45||-2.35||-0.07|
Japan 10yr 0.83+0.03, -3.50%
U.S. 10yr 1.93-0.00, – 0.07%
-Analysis: Entering the age of the $1 million medicine
-All three major automakers in the United States — General Motors, Chrysler and Ford — posted rises in auto sales last year.Chrysler Group led the other two by posting a 10 percent rise in December sales in the U.S. and a 21 percent rise in 2012, the best record in five years. It sold 152,367 vehicles in December and 1.65 million units last year. As a result, Chrysler’s market share in the U.S. grew to 11.2 percent in 2012, up from 10.5 percent in 2011, Detroit News reported.General Motors Co. (GM) announced Thursday that its U.S. sales rose 4.9 percent year on year in December and 3.7 percent in 2012. It sold 245,733 vehicles in December and nearly 2.6 million units in 2012.GM ended 2012 with a total inventory of 717,025 vehicles, or 76 days of supply, lower than the inventory level at the end of November.Ford Motor Co. reported a 4.7 percent growth in annual sales in 2012, thanks to its F-Series trucks, which has been the best- selling pickup for the 36th consecutive year and America’s best- selling vehicle for the 31st straight year.Ford, with its 2012 sales reaching 2.17 million units, is the only brand to top two million in U.S. auto sales.Volkswagen of America Inc. said it sold 44,005 vehicles in December in the U.S. and 438,133 units in 2012, up 35.4 percent and 35.1 percent year on year, respectively.Overall, U.S. new auto sales for 2012 are expected to rise 13 percent to reach 14.5 million units, the best performance since 2007, driven by factors including the slowly recovering economy, more available credit and the need to replace aging cars and trucks.Some analysts predict the U.S. auto sales will continue to flourish throughout 2013.Polk, a research consulting firm, expects U.S. auto sales to hit 15.3 million in 2013.
The gas guzzler replacement and easy credit will continue to goose sales, but I don’t think it will be anywhere near 15 million in 2013.
-US President Barack Obama has signed into law a $633 billion defense spending bill that funds the war in Afghanistan and boosts security at US missions worldwide.”I have approved this annual defense authorization legislation, as I have in previous years, because it authorizes essential support for service members and their families, renews vital national security programs, and helps ensure that the United States will continue to have the strongest military in the world,” Obama said in a statement early on Thursday after signing the measure. China Daily.
-China Overtakes Sluggish Europe in Car Sales
-Boeing Soars past Eurotrashbus, er Eurobus, er Airbus in Deliveries
But the fact that executives at Airbus concentrated so myopically on the A380 jumbo jet was also a product of politics at parent company EADS, where the French and German governments hold considerable sway. “There was a lot of testosterone at play in the conception of the A380,” Grossbongardt said. “Politicians wanted to prove a point to the United States and show that the Europeans were capable of building the world’s largest aircraft.” Airbus succeeded in the latter, but the A380 so far hasn’t proven to be the best-seller many had hoped for.
The A380, is not a stable design and in the long run will prove so costly to maintain and operate, it will go down as the Edsel of the Eurotrashbus consortium. A White Elephant and little more.
-English Drug Laundry and Market Rigger Lowers Gold Forecast
REUTERS – Major bullion bank HSBC Holdings Plc cut its 2013 average gold price after factoring in a 2012 year-end price of $1,675 an ounce.The bank cut its 2013 price forecast to $1,760 an ounce from $1,850. It kept its 2014 gold forecast at $1,775 and introduced a 2015 forecast of $1,675 an ounce.The gold market is likely to trend higher in 2013 based in part on more positive underlying supply/demand fundamentals and Indian consumption is likely to recover based in historical consumption patterns.Macro fund liquidation and uncertainty over the impact of the U.S. “fiscal cliff” led traditional gold investors to shift out of bullion and move to the “sidelines” in late 2012, HSBC analyst James Steel said in a note to clients. The “fiscal cliff” was a term used to describe severe tax rises and spending cuts that were set to take effect at the beginning of 2013.We believe that gold prices will recover this year and retain a pronounced bullish posture,” Steel said.The bank left its 2013 and 2014 silver, platinum and palladium forecasts unchanged. It introduced a 2015 forecast of $28 per ounce for silver, $815 for platinum and $825 for palladium.”After weakening in 2012, we are moderately bullish on silver prices this year due to a recovery in manufacturing demand,” he said.The platinum group metals are likely to rally in 2013, principally due to supply tightness, Steel added.
-American Football Coaches have Destroyed the Sport
Typical American kid these days, I’m saddened to report. Sick , pathological demons. Not a suitable read for women or children. Castration is the appropriate punishment here.
-IRS Issues New Withholding Rules
-English filth and vulgarity knows no bounds..
-More U.S. soldiers on active duty committed suicide than died in combat last year, shocking new figures reveal
-MOSCOW, January 2 (RIA Novosti) – Russia will hold large-scale naval drills in the Mediterranean and Black Seas in late January with the involvement of warships from the Northern, Baltic, Black Sea and Pacific Fleets, the Russian Defense Ministry’s press office reported on Wednesday.“The Russian Navy’s drills of this scope will be held for the first time over the past few decades and are designed to improve control, ensure and practice multiservice force interaction of the fleets in the far-off maritime zones,” the press office said. The drills will be held in line with the Russian Armed Forces’ 2013 combat training plan and will aim to “practice the issues of establishing a multiservice grouping of forces (troops) outside Russia, planning its use and conducting joint actions as part of a united naval grouping based on a common plan,” the press office said.The naval task forces from the Russian Fleets are currently heading towards the designated areas of the naval exercises.The drills will also simulate operations to load marine troops and paratroopers from the rough coast of the North Caucasus onto amphibious ships and will help the Navy’s personnel acquire necessary marine practice skills during the performance of “combat training missions in the Black and Mediterranean Seas,” the press office said.
-Anglosaxon blueblood-lesbo? pol says…
NEW HAMPSHIRE LEGISLATOR: WE NEED TO ‘RESTRICT FREEDOMS’ OF CONSERVATIVES
Ms Chase, as in JPM -Chase bank?
-Ex-FEMA official to plead guilty to steering contracts to Gallup during job hunt, lawyer says
-Feds automatically pays for Encephalopathy within 72 hours following vaccination w/ DTaP Tdap
Peanuts for destroying your child’s brain function for life. I wonder if ‘Moms’ knew about this table if they would vaccinate their kids with the liability waiver and payment schedule above the Feds make.
-Chair of Ill. GOP urges lawmakers to support same-sex marriage bill
RINO Dick Durbin.
-Switzerland’s oldest bank to pay $57.8m in fines to US authorities after “wrongly” helping Americans to evade taxes
-CIA being sued over domestic spying collaboration with NYPD.. http://on.rt.com/91r42n
-US criticizes Google chairman’s N. Korea visit
-Obama signs NDAA 2013 without objecting to indefinite detention of Americans
-The only CB ruling with pedal to the metal is the liar Draghi at the ECB. I guess as long as Draghi lies about sterilizing his monetization for Italy, Spain, and Greece, and the Bundesbank is forced to concede to that while talking tough , and the discourse is controlled by the shill financial commentators the euro dollar markets will rally, until enough funds recognize who is doing the real money printing wake up and sell the Euro short against all major currency pairs. You know Bernanke has the absent minded professor act down pat, and seldom comes across as a Machiavellian, insane goldman sachs liar like Mario Draghi, the Sephardi Jew who has the place of a good German at the ECB. Draghi loves his awards, lies and deception and his intent is financial malice.
-FED continues to Sterilize Balance Sheet
The Fed’s balance sheet stood at $2.899 trillion on January 2, compared with $2.889 trillion on December 26, as reported today by the FED. The Fed’s holdings of Treasuries totaled $1.666 trillion as of Wednesday from $1.657 trillion the previous week.The Fed’s ownership of mortgage bonds guaranteed by FNH, FRE , and GNH totaled $926.69 billion compared with $926.56 billion the previous week.The Fed’s holdings of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Bank system held steady at $76.78 billion.The Fed’s overnight direct loans to banks via its discount window averaged $28 million a day during the week compared with a $17 million a day average rate the prior week.