One of the side effects of the post-2008 bailout of ponzi capitalism is that from that point forward, everything had to be fake. Most people never noticed the difference...
Fake news
Fake recovery
Fake reflation
Fake tax cut
Fake president
Now we know what the reality-tv-show-host-in-chief was alluding to with last night's episode cliffhanger:
Also just in:
"The lousy returns from the September jobs report will make little impression on observers, who essentially gave the labor market a free pass due to the impact of Hurricanes Harvey and Irma,"
"2017 thus far has seen the slowest jobs growth in at least five years"
"This job market is strong and will get stronger"
"Fear not, it's only weather"
More fake reflation news:
Island reversal of fortune visualized:
Goodbye Gundlach trade, goodbye dollar, goodbye fake reflation
Here comes the bond short squeeze:
Speaking of fake reflation, Navistar trucks was upgraded this morning:
Headfake reflation is exhibited at the end of every cycle as bottlenecks develop in key areas of the economy, even as overall underemployment and over-capacity persists. Businesses complain that they can't find key skills even as they're laying off out the other door.
Fifth wave blow-offs are evident across many industries:
