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Some Disturbing Labor Market Data Points

September 8, 2014

Our buddy Tim Iacono digs into the recent disappointing labor numbers and finds some disconcerting facts.

“From this IBD report on workweek hours separated by low-wage and non-low-wage workers comes more confirmation that it’s getting tougher and tougher for the former since, not only are their wages stagnant in real terms going back many years, but their hours worked have recently declined to a record low.”

Click here for Tim’s full post.

Discussion
26 Comments
    Joe
    Sep 08, 2014 08:51 PM

    Anyone here want to speculate on the utterly dismal performance of Platinum and Silver over the past 2 months?
    Palladium has been doing great and Gold really has been holding up well, but Platinum and Silver have been getting creamed.
    Why?

      Sep 09, 2014 09:02 PM

      Palladium is up because it’s mined in Russia. SIlver and platinum are not totally dominated by Russia.
      We have to wait for the post Mandela crisis inSouth Africa to take off before platinum moves up. Meanwhile, I would doubt the car demand will be much of a positive facot for Pt or Pd. I reckon high Pd price is just supply fears.

    CFS
    Sep 08, 2014 08:41 PM

    http://abcnews.go.com/Health/unidentified-respiratory-virus-hit-kids-country/story?id=25334106

    It is a vitus related to the common cold. Has now been identified. Appears to have been brought in by illegal child immigrants.

      bob
      Sep 08, 2014 08:08 PM
        bob
        Sep 08, 2014 08:16 PM
          bob
          Sep 08, 2014 08:18 PM

          Well, you have to copy and paste with the .jpg

          Or mayby this will work Click here

            bob
            Sep 08, 2014 08:21 PM

            One more try. (I guess the previous tries had Ebola…maybe this one, too…) If it doesn’t work copy and paste the whole url with .jpg

            http://rense.com/1.imagesH/Ebola-(R).jpg

            Click here

            Sep 09, 2014 09:23 AM

            Bob, how do you do that? I mean how do you get a link embedded with the words “click here”. I am a bit of a computer retard but I would like to know the trick.

            bob
            Sep 09, 2014 09:03 PM

            You use an html href anchor tag.

            Take out !– and — for it to work. (Had to make it a comment so the code would show up.)

            bob
            Sep 09, 2014 09:05 PM

            Dang, it didn’t work.

            Use **a href=”http://someWebsite/someWebPageOrImageFile”>Click Here</a**

            Replace the first ** with (Had to use ** for it to show you the code.)

            bob
            Sep 09, 2014 09:07 PM

            Dang. Replace the first ** with a < character (less than character) and the second ** with a > (greater than character)

            Sep 09, 2014 09:06 PM

            Not sure if I quite got that. But here is what I think you said. If it does not work no matter, I think I know where to look for the details. Thanks, Bob!

            Click Here

            bob
            Sep 09, 2014 09:00 PM

            Yes, I think that worked but you might have had an extra ” on the end because the link looked like this:

            http://somewebsite/someWebPageOrImageFile”

    Sep 08, 2014 08:46 PM

    Obama’s Former Chief Economist Calls For An End To US Dollar Reserve Status!!! Talking about cutting the hand which feeds you.

    http://www.zerohedge.com/news/2014-09-08/obamas-former-chief-economist-calls-end-us-dollar-reserve-status

      Sep 08, 2014 08:22 PM

      I have to believe that is a false flag.

    CFS
    Sep 08, 2014 08:49 PM

    The US dollar has lost its reserve status…..it just is not yet realized by most folks.

    http://www.vancouversun.com/news/world/British+women+join+ISIS+police+force+responsible+punishing/10182339/story.html
    Unbelievable.

      Sep 08, 2014 08:25 PM

      Not so unbelievable Professor.

        CFS
        Sep 08, 2014 08:23 PM

        Unfortunately the MSA (Muslim Student Association) is a well organized group of believers that has infiltrated most University campuses in the western world and is systematically recruiting some of the supposedly more intelligent youth of western countries. I have watch this for several years now and have been increasingly alarmed.

          Sep 08, 2014 08:48 PM

          I too am alarmed!

    CFS
    Sep 08, 2014 08:54 PM
    Sep 08, 2014 08:38 PM

    There is also September snow in the forecast for Montana, N & S Dakota, Minnesota and Michigan as well.

      bob
      Sep 08, 2014 08:38 PM

      When I point this out to the global warming crowd they shriek, “It’s not global warming any more, it’s climate change!”

      Then they go on to brand a “climate change denier.”

      I tell’em I’m a denier and a birther and a truther and any other ‘er that goes against the sheeple thinking.

      And I bet Bil Al Korelin does, too.

        Sep 08, 2014 08:20 PM

        Depends on who I am talking to, but many time I bet you are absolutely correct!

        Sep 08, 2014 08:32 PM

        Ha ha, thumbs up Bob!

    CFS
    Sep 08, 2014 08:11 PM

    “We are aware of over 100 U.S. citizens who have U.S. passports who are fighting in the Middle East with ISIL forces,” Hagel told CNN, using the U.S. government’s preferred acronym for the Islamic State. “There may be more. We don’t know.”

    Other U.S. intelligence officials have said that as many as 300 Americans may have joined forces with the Islamic State group. They are among thousands of Westerners believed to be fighting alongside the militants.

      Sep 09, 2014 09:31 AM

      You can’t keep track of who are the good guys and who are the bad guys anymore. We are all mixed up and border-less. By the way CFS, since you are quitting the US do you have a new nationality planned? What citizen from what country will you be? I am guessing you will be based in Europe. I will take a wild guess you are going to be Italian since you seem to be a pretty cultured guy.