NYTIMES: Weakness Continues as 113,000 Jobs Are Added in January
Some experts are concerned that feeble hiring is signaling a broader loss of momentum in the economy. The unemployment rate in January dipped to 6.6 percent.
JUST AS I PREDICTED.
BTW: THE UNEMPLOYMENT RATE ONLY WENT DOWN BECAUSE PEOPLE WERE "LIBERATED" FROM THE IDEA OF GETTING A JOB AND STOPPED LOOKING FOR WORK.
THE LAST THREE MONTHS HAVE SEEN A STEADY GLOBAL DECLINE.
WE ARE NOT REPEAT HEADED FOR A CRASH: WE ARE IN THE MIDDLE OF A SLOW-MOTION ONE!
IF MARKETS DON;T GO SOWN TODAY, IT WILL ONLY BE BECAUSE THE INVESTING CLASS BELIEVES THE CRAPPY NUMBERS MEAN CENTRAL BANKS WILL OPEN TH SPIGOTS.
IF THEY DO, THE BENEFITS WILL ONLY BE TEMPORARY, AND THEN WHEN THE CRASH/CORRECTION COMES IT WILL BE WORSE.
2 comments:
The easy money benefits the investing class, who accumulate more capital and will be even better poised to snap up real assets after deflation bottoms...
the wealthy lost a greater % of their assets than anyone else in the last crash. they may well lose again. the crash hurt so many other people because the contagion was spread throughout the financial system. some got bailed out as they were deemed "too big to fail" - this was supposed to be fixed, but it hasn't been fixed.
and the so called moral hazard which is necessary for a market to function accurately has been sidelined by a fed that's to cowardly to take the punch-bowl away from the party - as Volcker and Reagan did in the 1980's.
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