May Non-Existent Payrolls Report

69k jobs added in May, unemployment rate ticks up for the first time in a year to 8.2%

Romney is pleased.  Bernanke is probably going to panic his fellow Fed Hobbits into more accommodative language at the June meeting – possibly signaling QE3 (or 4, depending on whether or not you think 3 is Operation Twist).

German stocks reacted to the US news by selling off 3.9% – as if we’re the thing they need to be concerned about, LOL.

More later…




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