Friday, May 03, 2013

DOW 15,000 A SYMPTOM OF CENTRAL BANKS' POLICIES AND NOT EMPLOYMENT/UNEMPLOYMENT NUMBERS

THE STOCK MARKETS IN THE USA JUMPED UP TODAY AS THE LABOR NUMBERS WERE RELEASED.

THE NUMBERS WERE BETTER THAN EXPECTED - BUT THEY STILL SUCK. (I WONDER IF THE DRAMATIC INCREASE IN USA SUICIDE RATES ARE HAVING AN EFFECT ON THE JOB NUMBERS?)

THEY STILL SUCK BECAUSE THE USA IS NOT CREATING JOBS FASTER THAN POPULATION GROWTH AND BECAUSE THE NUMBER OF DISCOURAGED WORKERS NO LONGER SEEKING WORK CONTINUES TO CLIMBS AND BECAUSE THE PERCENTAGE OF PEOPLE WORKING IS SUCK ON A 40 YEAR LOW.

ECONOMIC GROWTH IS WAY TOO SLOW AND HAS BEEN SINCE 2008.

CORPORATE PROFITS SUCK, BUT THEY BEAT THE PISSPOOR RATES CENTRAL BANKS ARE PAYING. AND THE EU'S CENTRAL BANK JUST CUT THEIRS BECAUSE EUROPE IS GOING INTO A RECESSION.

WITH EUROPE GOING INTO RECESSION, THE ONLY SUREFIRE WAY TO INCREASE GROWTH IS TO LOWER ENERGY COSTS - AND THIS CAN BE DONE IN THE USA AND EUROPE WITH THE STROKE OF A PEN:

POLITICIANS OUGHT TO DECLARE A MORATORIUM ON ALL ENERGY, GASOLINE/PETROL, AND CARBON TAXES.

THIS WILL IMMEDIATELY PUT MORE MONEY IN THE POCKETS OF CITIZENS AND COMPANIES AND HELP THOSE WHO NEED IT MOST.

ALL PRICES ON ALL PRODUCTS WHICH USE ENERGY FOR THEIR MANUFACTURE AND DELIVERY WILL COME DOWN IN PRICE.

SHORT OF THIS, THERE IS NO WAY THAT THE WORLD WILL AVOID ANOTHER MAJOR CRASH, AND IT'S COMING SOONER THAN ANYONE THINKS, PERHAPS TRIGGERED BY A WAR IN IRAN OR THE KOREAN PENINSULA OR IN NORTHERN AFRICA.

OR TRIGGERED BY THE INEVITABLE COLLAPSE OF THE EURO AND THE EUROZONE.

STAY TUNED...


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