- As 9 Million people loses their unemployment benefits.
The largest miss in along time.
AN excuse for Mojo-Jojo to continue, while the Chefs
added chicken instead of shrimp.
Trading time for money is not a winning strategy in the United States, an idea which is clearly evident in the trends shown here. To capture even a reasonable share of your delivered economic value, you need to start a business.
Ever since "Printapalooza" started in the basement of the Eccles building in 2008, financial assets have been on a long strange trip, a trip that has seen them floating on a sea of conjured-up currency units, and increasingly detached from the economic realities of the day.
Nowhere is this more evident than in the major averages. Consider the chart of the S&P...
Here we have US jobs figures versus the change in US nonfarm payrolls. At the extremes, the correlation is negative - dramatic job loss is usually indicative of economic and financial instability that revives the currency's safe haven status. For now, the robust figures look to be a bullish support.