Productive Economy leads Team Pessimism 17 Trillion to Zero


As I write, the Dow is breaking an all-time record of 17,000 on the back of a positive jobs number that potentially means a sooner end to extraordinary stimulus from the Federal Reserve.

We were told by many experts over for many years that good economic news – which probably couldn’t be produced anyway – would be bad news once it eventually came.

Well, it’s here and the market likes it. How about that?

This morning’s non farm payroll employment report for the month of June was a blowout. At 288,000 jobs added, it was the fifth big hiring increase in a row. The number of long-term unemployed Americans (out of work for 27 weeks +) is now down to 3.1 million, or 32% of all jobless people. This is a low not seen since June of 2008. The Labor Force Participation Rate remained steady this month, which means that the net gains cannot be simply attributed to retiring boomers leaving the hunt.

In addition, the April jobs report saw a big revision higher to just over 300k and May got a bump too. These are the type of year-over-year numbers we used to see in the late 1990’s and are un-f*ck-withable.

If you were rooting for betting on collapse, well, this ain’t it. Reality decided not to confirm your religious or political beliefs about what “should” happen this time around.

Headline unemployment is now at 6.1%, the lowest we’ve seen in forever. The conventional wisdom was that this -combined with last month’s uptick in inflation – would spook the market and raise the specter of sooner rate hikes.

To which investors are saying “Okay fine.”

So what else you got? Bubbles? Geopolitics?

Read Also:


What's been said:

Discussions found on the web
  1. Adrian commented on Dec 05


    ñýíêñ çà èíôó!!

  2. tony commented on Dec 10


    ñïñ çà èíôó.

  3. Adam commented on Jan 17



  4. video transitions using phone commented on Sep 15

    … [Trackback]

    […] Read More Info here to that Topic: […]

  5. EV commented on Sep 22

    … [Trackback]

    […] Information on that Topic: […]

  6. immediate edge bitcoin commented on Oct 04

    … [Trackback]

    […] Read More to that Topic: […]

  7. 안전놀이터 commented on Oct 06

    … [Trackback]

    […] Find More here to that Topic: […]

  8. devops consultants commented on Nov 27

    … [Trackback]

    […] There you can find 76913 additional Info on that Topic: […]

  9. td easyweb ca login commented on Dec 16

    … [Trackback]

    […] Find More Information here on that Topic: […]

  10. Red Bull Energy Drink commented on Dec 22

    … [Trackback]

    […] Find More Information here to that Topic: […]

  11. buy car commented on Jan 15

    … [Trackback]

    […] Read More Info here on that Topic: […]

  12. rolex replica commented on Jan 15

    … [Trackback]

    […] Find More to that Topic: […]

  13. Learning Resources Board games manuals commented on Jan 19

    … [Trackback]

    […] Find More on that Topic: […]