US Macro Data Weakens, Even As Stocks Rally!

THE TRUTH! While the Prevaricator President and Fed Chair Janet Yellen tell us that the US economy is strengthening, the economic macro data tells us the opposite is true. This shows the weakening macroeconomic data (shown in red), overlaid with the S&P 500 stock index (green).
Meanwhile, the percentage of American adults with jobs is at 38-year LOWS!

Wall St Rejoices at Higher Crude, Gas Prices!

The Dow is up over 350 points in two days, due to the rise of crude oil prices above $51/barrel, up more than $7/barrel since last Thursday. In their short-sighted way, they view high gas prices to consumers as good because it helps to keep high-paying jobs alive in the energy sector. But did they miss the impact on the rest of the economy?

Price of Crude Oil Explodes Above $50

The price of crude oil has exploded higher in the past two trading sessions, and Wall St is viewing this as good news!

Stocks Drop, Then Rally Following Bad News

 So naturally, with a QE-addicted market now, stocks RISE following such news.

But perhaps investors didn't hear also the news that corporate earnings are also collapsing. But who cares? After all, we have printed prosperity now!

Stocks Plunge Sharply

There was a rally, but in the end, stocks closely sharply lower -- Dow down 291 points.

Stocks Leap on ECB Plan to Monetize More Debt

Stocks rise 275 points based on nothing but the announcement of central bankers to print even MORE money to monetize European government debt!
This is the new entitlement for the super rich on Wall St. Free money for Wall St!

After all, if you can create money out of thin air to monetize debt and create asset bubbles ad infinitum, then why not? Who cares if all those bubbles eventually crash?

Who needs an economy? Who needs jobs? Who even needs reality? We have PRINTED prosperity now!

 

What Are the Bond/Debt/Credit Markets Telling Us?

This chart shows the US 10-year treasury futures for the past 15 months. The steady rise is one that depicts worry -- lots of it! Savvy investors buy bonds as a place of refuge when they're worried. The huge spike at the far right suggests that big money investors are gravely concerned about the safety of their money. That's why they buy what they view as a "safe bet" investment.

The message here? Be afraid! Be very, very afraid!

Stocks Crash Following Jobs Report

Stocks Sink!

So Which Economy Is It?

It's the Obamalaise Economy! Perpetual malaise! Even while the Propaganda Press tells us it's all great!

More news you WON'T hear in the Propaganda Press!

This morning, the US Bureau of Labor Statistics told us that job growth last month was the most in almost 3 years. Not so fast! Look at the jobs created! Low-wage, temporary, retail! Ie., SUBSISTENCE jobs, not breadwinner jobs!
We should always remember that payrolls are one of the MOST lagging of indicators. Often payrolls rise at the start of a recession. Payrolls typically only crash months after a recession begins.

"But, but, but payrolls data was awesome!! /He was saying that in satire./ US Factory Orders tumbled 0.7% in October (missing 0.0% expectations) for the 3rd month in a row (for the first time since June 2012). Rather notably, the only other time we had 3 straight months of factory orders declines was in the recession..." Tyler Durden @ Zero Hedge.

Gold Soars As US Government Prints Money

from Sputnik Int'l:
“We have seen a lot of the physical gold go from the West to the East and I’m sure that the central banks do not have anywhere near the gold they should have,” Egon von Greyerz said, explaining that China has been one of the largest buyers of gold recently, and asked for a physical delivery.
“It will be significantly high, definitely,” he said commenting on the price of gold in the future. “And the wise countries in the world, which is Russia, China, India – they understand this and they accumulate gold and buy more. Russia is continuously buying more, they understand what is happening.”

Gold has soared $67/oz today off it's lows! Wow! 

Wheat Soars

from Reuters:

"...wheat hovered near three-months highs, supported by concerns over
potential supply disruptions from Russia."

from Agrimoney:

"Wheat futures soared to $6 a bushel for the first time since June, boosted by concerns of a squeeze on Russian exports, and stealing
thunder from a Rabobank recommendation of the grain as a bullish bet." 

Tumbling Treasuries

This will NOT help the weak housing market!

Wall St Sees Cheap Labor

...and Obama sees 5 million new marxists -- er, I mean Democrats! The pink line is yesterday's close!

Is This a Bubble?

The last two stock market crashes since the year 2000 were bubbles. Yet today, we're told that this isn't a bubble. Despite that during both previous stock market rallies, the US economy was much stronger than it is today, we're being told that this is no bubble today! Those who tell us this are part of the cheerleader group, which itself is a sign of a bubble!

Crude Oil Collapses

As the world economy stagnates, demand declines, and production produces a glut, the price of crude oil is collapsing.

Wall St Plunges On Global Growth Concerns

from Fox News:

Crude Crushed, Corn Clobbered

Corn hit multi-year lows today. I believe this is the lowest price for corn I've seen in two years!

Crude oil declined $3 today. That's a sizeable drop!

Record Corn, Soybean Crops Crush Prices

from Yahoo Finance:

New York (AFP) - US corn and soybean crops could break records this year, but for farmers the bounty has a dark side: falling prices and a logistics nightmare getting crops to market...

" The US Department of Agriculture is forecasting record crops this year for corn and soybeans, the two largest US crops in terms of production. Unless there is a devastating freeze or torrential rains before the harvest ends, corn production is projected at 366 million tonnes and soybeans at 106.5 million tonnes."

Corn:

 Soybeans:

Crude Spikes on OPEC Threat to Restrict Production

from Business Recorder:

NEW YORK: Brent and US crude futures rose more than a dollar on Tuesday on the prospect of a possible OPEC production cut and on news that Libya curbed output after rockets hit an area near a refinery.
Oil prices received more lift when Russia said deploying troops in Crimea, which Russia annexed from Ukraine in March, was a top priority with NATO holding military exercises in the Ukraine near its border with Poland.