#6 Barack Obama says that the unemployment rate has declined to 6.7 percent, but if the labor force participation rate was at the long-term average it would actually be approximately 11.5 percent, and it has stayed at about that level since the end of the last recession.
#7 While Barack Obama has been in the White House, the number of Americans on food stamps has gone from 32 million to 47 million.
#8 While Barack Obama has been in the White House, the percentage of working age Americans that are actually working has declined from 60.6 percent to 58.6 percent.
#9 While Barack Obama has been in the White House, the average duration of unemployment in the United States has risen from 19.8 weeks to 37.1 weeks.
#10 While Barack Obama has been in the White House, social benefits as a percentage of real disposable income has risen from about 17 percent to nearly 21 percent.
#11 While Barack Obama has been in the White House, the rate of homeownership in the United States has fallen to levels that we have not seen in nearly two decades.
#12 While Barack Obama has been in the White House, median household income in the United States has fallen for five years in a row.
#13 While Barack Obama has been in the White House, the average cost of a gallon of gasoline has gone from $1.85 to $3.27.
#14 At the end of Barack Obama's first year in office, our yearly trade deficit with China was 226 billion dollars. Now it is over 300 billion dollars.
Sadly those facts are all actually worse than stated. Those facts above are inflated. Yes, our puppet in chief has done a fantabulous job destroying the country he deplores. The good news for him is the idiot sheeple voted him back in, and he still has three years left to complete his mission. At this pace he may need only one more year and the job is already 90% complete. Is it any wonder democraps are fleeing office and distancing themselves from this tyrant? The better news for him, the minimum wage increase, whammo! secure his expanding voter base - yes the idiots he continues to push futher into poverty. Amazing.
On to the lie -
Minis Daily - STB red line of death tagged this morning.
Minis Daily - Same chart just zoomed in - there's no support to the 200dma at 1705 and nothing below that to 1625. Once this lets go, I don't think they can stop it until major support levels. Thus, it's called the STB red line of death.
If this cracks, it should be all over. A move to the 1705 area and a backtest of the red line of death near the 1800 area and then poof! is how I would see this playing out. That is if they can stop it at the 1705 level once it starts falling. I've often mentioned that when the gates open EVERYONE will head for the exits at the same time.
It's not time to panic quite yet, but that moment could happen at a moments notice. They have not allowed price to enter the danger zone, but they sure are as close to it as they can allow. You name it and it's bad right now. From EM to earnings to whatever you want to look at here or globally. It is a miracle the markets are where they are now. As Soup said yesterday, no one wants to leave the party, and they all should have gone home already.
This brings me back to the False Flag discussion - Snipers at the Super Bowl? Yes, really - and then there is Sochi - two prime opportunities for the "terrorists" to hit us at a moment when the governments need the greatest distraction. The next FF will not be a shooting at a school, it's gonna be massive. If the SB was not in NYC, I'd be thinking a large event. Pay attention to see if any dignitaries are warned not to go to the SB.
More to come below.
Have a good weekend.
GL and GB!