At first glance the piece seems to say "everything's fine". It's not. It's saying the fact the econ's going nowhere means the Fed won't have to do anything and these days the less the Fed does, the better.The lead editorial is: Sorry, But The Real Unemployment Rate Is 9.8%, Not 5% w/ this graphic:
--and if I wake up enough I need to start a separate thread w/ it....
So glad I never wasted my money by subscribing to IBD.
Whoa--!! We're waking up to a new quarter beginning w/ futures traders pointing to soaring stocks (+3.68%) and sagging metals (-1.24%) although gold and silver for now are hanging on.
Factory Orders comes out later this morning.
Other news:
Coal bankruptcies could leave taxpayers paying for clean up
Greece Bailout A 'Good Distance Away,' Says IMF Chief Ahead Of Lender Review
Cruz Could Win Big in Wisconsin as Trump’s Numbers Drop
Who actually believes this propaganda anymore?
Adding 215000 jobs is strong growth?
The Department of Labor stats are so cooked that the pot is ruined.
——finding qualified workers continues to be a challenge——
today’s employers discriminate
they don’t hire workers that can’t make it to work every day and those that take drugs
Can you imagine how bad the economic news will be the day after a repub is sworn in?
FED DECISION: Cities and states won a partial victory Friday as the Federal Reserve gave final approval to a rule that will let banks include some municipal bonds in stockpiles of easy-to-sell assets meant to serve as a buffer against a financial crisis.
DETROIT: Investors holding $1.5 billion of bonds from Detroit’s distressed schools would be fully repaid under a plan by the state to split the system in two, Michigan Governor Rick Snyder said.
ALSO INSIDE: Louisiana's crisis shows the risks of Republican candidates' tax plans; Puerto Rico’s Government Development Bank will stay open and is examining all available options to improve its liquidity, according to Governor Alejandro Garcia Padilla.
And the lying continues. In fact, the lies grow bigger daily. What jobs? What kind of jobs? How many not employed? Truth no longer exists. It is a make believe world. The road leading to disaster is almost complete and not many seem to care.