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Friday, February 12, 2016

Giant sucking sound is here

Perot was right then and he"s even more vindicated  today, and the baby boomers laughed at him.


Video Shows Exact Moment 1,400 Employees Learn They Are Losing Their Jobs to Mexico


Although the decision to inform a workforce of 1,400 employees that they’ll soon be losing their jobs to Mexico is an admirable one from the standpoint of candor, it hardly makes for a good recipe for workplace morale.

Russia may soon ink free trade pact with Israel


Moscow and Tel Aviv are planning to sign a free trade agreement in the near future, Russian Deputy Agriculture Minister Sergey Levin told journalists on Friday.

Chart of the day

Lines to Buy Gold in London but Sheeple selling back to Apmex??

Austrians Need Constitutional Right to Pay in Cash, Says Deputy Economy Minister


Austrians should have the constitutional right to use cash to protect their privacy, Deputy Economy Minister Harald Mahrer said, as the European Union considers curbing the use of banknotes and coins.
“We don’t want someone to be able to track digitally what we buy, eat and drink, what books we read and what movies we watch,” Mahrer said on Austrian public radio station Oe1. “We will fight everywhere against rules” including caps on cash purchases, he said.

Researcher illegally shares millions of science papers free online to spread knowledge


A researcher in Russia has made more than 48 million journal articles - almost every single peer-reviewed paper every published - freely available online. And she's now refusing to shut the site down, despite a court injunction and a lawsuit from Elsevier, one of the world's biggest publishers.
For those of you who aren't already using it, the site in question is Sci-Hub, and it's sort of like a Pirate Bay of the science world. It was established in 2011 by neuroscientist Alexandra Elbakyan, who was frustrated that she couldn't afford to access the articles needed for her research, and it's since gone viral, with hundreds of thousands of papers being downloaded daily. But at the end of last year, the site was ordered to be taken down by a New York district court - a ruling that Elbakyan has decided to fight, triggering a debate over who really owns science.

Fed's Dudley says key sectors of US economy 'seem to be in good shape'

  • Main danger to current expansion is big shocks
  • Households better able to absorb shocks than in 2008
  • US household debt services ratios have declined
  • Financial system clearly much stronger than in 2008 (BAML's share price would disagree)
  • Fed policy is 'appropriately still quite accommodative'
  • Possibility is low of significant inflation risk
He's upbeat but the comment about rates being appropriate suggests he isn't supportive of any hikes.
There will be more comments as he answers questions.

February 2016 University of Michigan consumer sentiment flash 90.7 vs 92.0 exp

  • Prior 92.0
  • Current conditions 105.8 vs 105.0 exp. Prior 106.4
  • Expectations 81.0 vs 82.0 exp. Prior 82.7
  • 1yr inflation exp 2.5% vs 2.5% prior
  • 5yr 2.4% vs 2.7% prior