Painting MORE than the tape..................from Rico

Wall Street has had the expression "painting the tape" for longer than most traders remember.

- It dates back to when ticker tapes were used to follow stocks, and when 'artificial activity' was used to "paint the tape" to dupe suckers out of their money by putting lipstick on an equity pig.

 

This past Friday was MORE than just "painting the tape" and actually was a huge whitewashing job. Tom Sawyer would be proud.

- US Markets had the biggest reversal in four years as the US job market and economy disintegrates. After the awful NFP report, the S&P closed up 1.43%, The Dow closed up 1.23%, and the NASDAQ closed up 1.74%?

 

TV, the MSM, and the Government all point to the markets and tell us "everything is swell, no worries; move along now, nothing to see here."

 

Compare the SGS un-faked unemployment rate with the incredibly faked "official" unemployment rate. Then take a look at the unemployment rate from the Great Depression, before the liars figured-out how to make the figures lie for them.

- Then and now, they are the essentially the same. Unemployment ~23%.

 

The US GDP books are now "cooked" just like the unemployment rate is.

 

Ignore the TV, the MSM, and the Government for a moment. Their job is to lie. The facts are quite different:

- There is NO recovery.

- There are NO jobs.

- There is NO growth.

- There IS a DEPRESSION already.

 

And it is NOT just the US, but the entire Western World that is in a DEPRESSION.

- Over $11 trillion in paper wealth has been "erased" from global markets just in the 3Q just ended. [Forbes, Bloomberg]

 

This already is Great Depression II, or in updated terms Depression version 2.0, and there is no "painting" or BSing the way out of this.

- Friday's effort by the PPT (plunge protection team) was yeoman's work, and went beyond "painting the tape" to "whitewashing the problem."