PONZI PERVERSITY

In a perversity of logic, now when doubt is cast over a "job market rebound" with typical cast of oddballs on MSM calling for 150,000 to 250,000 jobs created right before the report came out, and one saying "it is reaching takeoff velocity" or some crap like that.

Wages and hours flat and stagnant, and few jobs, where's all this consumer money for spending coming from? Jobs NOT rate jumped to 9.8%....now we are to believe that the rate goes higher becuase job market is improving so more are looking and counted? sure

But this "weakness" of only 39,000 jobs (HUGE MISS) is of course GOOD NEWS! so the FED's and ECB gamemanship can continue.....ride the bull.

The debts and bad plays by the banks foisted onto to the people. Banks borrow from FED $5 B at clip for $400,000 (1/10th of 1%) and this FREE money put into market…..pay .25% on RESERVES they have no incentive to lend…..and these policies have helped the people how?

In 2000 most that lied cheated or whored were wiped out, mamma.com’s and enron etc……we could have healed 100% instead FED lowers rates to 1% and creates another BUBBLE instead……no one cares, no one intervenes until the crisis……then those responsible were made whole and bailed out with the peoples money.

Housing market has LED 7 of last 8 Recoveries…..it is moribund , LISTLESS like a log in quicksand….NO PULSE. Bank loans outstanding continue to CONTRACT.

HIP HIP HOORAY the market is in bull trend……and it obscures the reality and ensures a worse outcome and this cycle of boom bust perpetuates itself…enjoy!


D