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This is going to get good.

Apple is apparently going to be added to the Dow Jones 30 with AT&T being removed.

Given what I believe is going to be a colossal flop with the iWatch, and the forward expectations built into Apple's stock price, the opportunity to short this index is going to become very ripe, and quite soon.

I love it when things like this happen...... the timing is frequently exquisite as a contrary indicator.

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"Real wages are growing at a 5.1% pace."  -- Current CNBS guest.

Oh really?  CPI eh?  Inflation is always and everywhere a monetary phenomena.

Stop propagating garbage and start challenging people like this, CNBS!  The factual income .vs. monetary inflation figures are trivially computable from the Personal Income and Spending tables along with the Fed Z1, and I do so (and present said data) every quarter.  Where is the pushback when obvious nonsense is being spewed by your so-called "guests", all of whom you select to appear on air?

CNBS: First In smiley Worldwide.

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Oh this is rich....

Total nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in food services and drinking places, professional and business services, construction, health care, and in transportation and warehousing. Employment in mining was down over the month.

Let's see what we find in the (relatively uncooked section) of the data.

This raw data looks pretty good; 566,000 jobs, according to the household survey, were added and the change in not-in-labor-force was very close to zero.

But -- the annualized change less the workforce addition rate remains tiny -- positive, but very small, at only 170,000.

This, unfortunately, means that despite the so-called "headline" unemployment number moving down (strongly!) the population:employment ratio, which is the only figure that matters when it comes to government funding sustainability as you can only tax working people, remains in the ditch.

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From the "you gotta be kidding me" file we have this one:

The Rev. Shaun O. Harrison, Sr., the former dean of students at Boston English High School, allegedly committed an “execution-style shooting’’ of an English High student who had been selling marijuana for him for the past several months, officials said Thursday.

Harrison, 55, was arraigned Thursday afternoon in Roxbury Municipal Court with three other men. Harrison, who appeared in the prisoner’s dock in a suit and tie, is charged with assault with intent to murder, aggravated assault and battery, and unlawful possession of a firearm, according to Suffolk District Attorney Daniel F. Conley’s office. Bail was set at $250,000 cash.

The student survived; apparently said "Reverand" was a poor shot or the kid was damn lucky, seeing as he was shot in the head.

The real kicker is that this guy apparently, if the Globe is to be believed, has been working for the Boston Public Schools since 2010!  Oh, and he's apparently a "community or family outreach coordinator."

I have just one question: Doesn't that sound a lot like a "community organizer"?

PS: With "public screwels" like this what more can one ask of our so-called "education" system..... is it time to cut the crap and get rid of public education?  I think so, and we can start by eliminating, as a matter of law, public employee unions.

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Well then, what of this quote?

Sure enough, carnivorous animals never grow fat (consider wolves, jackals, birds of prey, crows, etc.). Herbivorous animals do not grow fat easily, at least until age has reduced them to a state of inactivity; but they fatten very quickly as soon as they begin to be fed on potatoes, grain, or any kind of flour. ... The second of the chief causes of obesity is the floury and starchy substances which man makes the prime ingredients of his daily nourishment. As we have said already, all animals that live on farinaceous food grow fat willy-nilly; and man is no exception to the universal law. Brillat-Savarin, Jean Anthelme (1970). The Physiology of Taste. trans. Anne Drayton. Penguin Books. pp. 208–209. ISBN 978-0-14-044614-2.

And what, may I ask, are cattle given in a feedlot to fatten them up?

Uh, yeah.

Yet the medical profession, and so-called "nutritionists", all claim we should eat a high-carbohydrate, low-fat diet.

From what evidence do they derive this claim, may I ask, given that for nearly two hundred years it has been known to be false, never mind that the first feedlot for cattle known was built in 1876 on the south side of Chicago!

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