Multiple Jobholders Surge To Highest Since August 2008, at zerohedge.com. Inside the jobs numbers. A majority of the job growth came from 1 worker holding more than one job, along with a surge in minimum wage jobs, and temp-help workers.
Is The Auto Loan Bubble Ready To Pop?, by Tommy Behnke, at mises.com. Does this remind you of the easy money and lower lending standards that created the housing bubble? Also; Obama Cheers The Auto Industry Over A Cliff, at thefederalist.com.
Dallas Fed Quietly Suspends Energy Mark-To-Market On Default Contagion Fears, at zerohedge.com. Put simply, The Fed told banks not to force bankruptcies, and demand asset sales instead. Some of the Feds electronically printed counterfeit money, in search of higher yields, found it’s way into the fracking industry. So part of the fracking boom is a bubble activity. Now marginal producers, that would not have come into existence under normal market conditions, must be liquidated to correct the Feds intervention. But the Fed doesn’t want to allow the correction to the problem it caused.
Walmart Will Close 154 Stores In The US; 10,000 Employees Impacted, at economicpolicyjournal.com. These are stores in the US. What does this article and the other three above say about the strength of our so called economic recovery?
ISIS Instructs ‘Lone Wolves’ To Look Like Christians, at tammybruce.com. The proverbial Wolves in sheep’s clothing.
Al Jazeera America Shutting Down, at tammybruce.com. When I read this, all I could think of was when Hillary Clinton said, “...viewership of Al Jazeera is going up in the United States because it’s real news…” (Watch Hillary 5 second video here.) Wrong again!
Is Eating A Cinnamon Roll Irrational? by Tyler Kubik, at mises.org. Petty tyrants want to decide what’s best for you. Anything they would not do themselves is not in your best interest, or anyone’s best interest.
AUSTRIAN ECONOMICS ADDICT 