Employment numbers and B(L)S statistics.

The latest B(L)S figures show an increase of 295K jobs in a month. This would be good if true. However, ADP Payroll report shows only 212K and the household survey shows only 96K. Labor force participation has dropped again, so the decrease in percent unemployed is most likely due to some unemployed no longer being counted.

The Drive by Media is also in on the deal to paint a rosier picture.
Thus the report that the economy grew by 4.8% during Q2 and Q3. When the dust settled, the revised growth for 2014  turns out to be only 2.4%.

January's existing home sales fell to the lowest in 9 Months. Consumer spending fell in both December and January, in spite of the drop in gasoline prices. Wholesale stockpiles increased slightly as sales plunged in January by the largest amount in six years.

First time unemployment figure rose to above 300K. Thus, employment figures should be steady if the hires equaled 295K, but unemployment has gone up if the people hired was less than the B(L)S figure of 295K.

GOLD. Meanwhile, gold was dropped below 1,200/oz. We found out that the GLD fund kept its gold at the MSBC bank. MSBC then announced that it is closing its vaults. So, where is the gold? Most likely, it has been sold to keep gold prices down, so owners will get paper money in settlement.