Lol
Lol
And as always quality sucks
While we already have the quantiative components of today's jobs number (horrendous), here is the qualitative breakdown. For the time constrained readers we will jump to the conclusion: absolutely abysmal, to a degree perhaps not seen in years. Of the 169K jobs added, the vast majority, some 144K or 85% of the entire August gain, consisted of the lowest paying jobs possible:
+44K jobs added in Retail Trade
+43K added in Education and Health
+27K added in Leisure and Hospitality
+17K added in Government (looks like sequester effect has finally "tapered")
+13K added in Temp Help services
While we already have the quantiative components of today's jobs number (horrendous), here is the qualitative breakdown. For the time constrained readers we will jump to the conclusion: absolutely abysmal, to a degree perhaps not seen in years. Of the 169K jobs added, the vast majority, some 144K or 85% of the entire August gain, consisted of the lowest paying jobs possible:
+44K jobs added in Retail Trade
+43K added in Education and Health
+27K added in Leisure and Hospitality
+17K added in Government (looks like sequester effect has finally "tapered")
+13K added in Temp Help services
The Labor Force Participation Rate - in English, the percent of the population that is either in a job or looking for a job - fell yesterday to fresh 35 year lows. This is not a new trend, in fact since the end of 1999 (the dot-com bust) it has trended lower from well over 67% to the current 63.2%; which means the current unemployment rate would be over 11% if the labor force was at its last three decade average. There appear to be at least four reasons (excuses) put forth for this dismal 'structural' trend but chief among them - and propagandized by most in the mainstream (given its lack of 'blame') - is the so-called 'aging of America' or demographics. There is only one problem with that 'myth'; it's entirely inconsistent with other Western economies who are experiencing exactly the same demographic shift. The collapse in the US labor force is, in fact, due to excess credit having fueled artificial growth for 2 decades; and now a government throwing free money at the population in the form of disability insurance (which has surged) and student loans (which are exponentially exploded). So who (or what) is to blame for the US' collapsing workforce? Simple, the unintended consequences of government interference.
Guess I should be happy my gold stocks all up over 10% on no taper ... This shit just a complete kneeslapper at this point ...
and just for fun a repeat from pre fed ben
"I worry about the effects on the long-run stability and efficiency of our financial system if the Fed attempts to substitute its judgments for those of the market. Such a regime would only increase the unhealthy tendency of investors to pay more attention to rumors about policymakers' attitudes than to the economic fundamentals that by rights should determine the allocation of capital." - Ben Bernanke, October 15, 2002
Basically he just decided to blow up the bubble a little bigger and hand 95% of the wealth gains the the top 1% while the middle class and poor continue to take it up the ass
gonna be hilarious shitshow long term ... As we go even deeper into the rabbit hole... And the inequalities between haves and have nots continues to expan even further
These guys just pure lunatics ... But all part of the baby boomer live for today dont worry/save for tomorrow menality I suppose
gonna be hilarious shitshow long term ... As we go even deeper into the rabbit hole... And the inequalities between haves and have nots continues to expan even further
These guys just pure lunatics ... But all part of the baby boomer live for today dont worry/save for tomorrow menality I suppose
Will see the underlying fundamentals just so weak ... Corporations likely reaching their limits as far as downsizing work force to improve margins/productivity as actual sales stay flat to slightly up .... Will be interesting to see how long it takes to get to Feds target of 6.5% UE only way we get there anytime soon is if labor participation rate continues to collapse
just seems like a good risk/reward point to try ... Either get stopped out for a few percent (1730 taken out) ... Or the global QE bubble inevitably (might be too early) starts to deflate ...
just seems like a good risk/reward point to try ... Either get stopped out for a few percent (1730 taken out) ... Or the global QE bubble inevitably (might be too early) starts to deflate ...
Youth screwed some more ... Obamacare losers as a group are young healthy people ... They will see larhest increase ...Gotta subsidize all the old fat unhealthy baby boomers who apathetically allowed our country to devolve into this mess ...
heres hoping the youth say FU I ain't participating and obamacare collapsess
More hope and change in action for the youth that bought into this guy
heres hoping the youth say FU I ain't participating and obamacare collapsess
More hope and change in action for the youth that bought into this guy
Was thinking this doesn't have much more room to run. 20% upside tops, don't want to leave equities but thinking of transitioning into more MLP/5% yield stuff with limited growth.
I own a few growth stocks like sbux particularly that I have done really well and think its time to sell, if anyone has an opinion...
I own a few growth stocks like sbux particularly that I have done really well and think its time to sell, if anyone has an opinion...
