Posted on 01/10/2014 6:50:50 AM PST by Starboard
Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.
Back to the future. lol
Great job boehner and mcconnell... I understand that you guys are not in total power but you do continue to allow obama’s communist agenda to sail through without so much as a whimper... and we are going to vote your sorry butts into obama’s economy because of it.
Jimmy Carter has been eclipsed in yet another of his dismal failures. Only because of money manipulation, has the dreaded appearance of “stagflation” been contained, as the “new money” created by the Fed has not ever gotten into general circulation.
But the containment will not last much longer, as the scarcities that mark a genuine failure to distribute goods and services easily and well, begin to grow and affect most every aspect of daily life. So we have the “stagnant” part of the equation.
the scarcities that mark a genuine failure to distribute goods and services easily and well, begin to grow and affect most every aspect of daily life
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We live in a false economy that is artificially propped up by the Fed. IMHO the longer this goes on the worse the consequences are likely to be when reality returns.
Just noticed the link to the story on ZeroHedge was missing in the post. My apologies.
What are you guys worried about???? Didn’t you hear we now have PROMISE ZONES??????????????????????
Wow... just thought of what’s going to happen...
The fed is pumping money, pretty much directly, into the stock market via preferred banks...
This money isn’t in general circulation as you say, but will be when they decide to sell and take their profits.
At some point, they’re going to stop the music, sell their securities, the stock market will crash along with everyone’s 401k & IRA savings, and we’ll be hit with the double whammy of hyperinflation as the money comes out of securities and into the general circulation.
True, but the “right” people will make out in the market, and that’s all that counts.
Tell me again about how America has been in a recovery?
Obamanomics 101 (Def.) More Demonic Party parasites jumping in the entitlement wagon, fewer people pulling it.
I’ve got my stoploss numbers at hand and looking for even a hint of a selloff.
U.S. job growth weakest in three years, weather a factor ReutersBy Lucia Mutikani | Reuters – 45 mins ago
WASHINGTON (Reuters) - U.S. employers hired the fewest workers in almost three years in December, but the setback was likely to be temporary amid signs that cold weather conditions might have had an impact. 
VIA: http://news.yahoo.com
As interesting as 2013 was, 2014 will be even more interesting. I’ve been saying the same thing for five years now. It’s true every time.
Obama will continue to lose his luster until the whole house of cards collapses. It could be this year, but I think 2015 will be even MORE interesting.;-)
See, all these 92 million people were heading to NYC for job interviews this past September, but because Gov. Christie closed 4 lanes on the George Washington Bridge, they couldn’t get there, so this unemployment is all the Republicans’ fault.
Thanks for posting SB.
Is this the 1st time Drudge has linked to ZH? If so they have made the big-time. Levin, Beck and I think El-Rushbo have all mentioned it.
BTW, I know of at least one financial pro that reads it religiously, those who are awake know who ZH is and of the work they are doing...
I’ve got my stoploss numbers at hand and looking for even a hint of a selloff.
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That’s a prudent strategy IMO. One of the first rules of investing is to avoid losses as they are hard to recover from. Taking a 50% loss means you need a 100% gain just to get back to where you were.
Obama media group is blaming this all on the POLAR VORTEX!
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I blame it on the LIBERAL VORTEX.
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