The so called "jobs report" is yet another government big lie...at least until the election results are announced...
The notion that the unemployment rate is plunging in the face of tepid job growth can only be explained by people dropping out of the labor force...or worse...desperately becoming "self employed" in an effort to make any money whatsoever!
The plunge in manufacturing and retail continues apace... While the health care government and "temps"...a/k/a Professional Services is unsustainable and of doubtful accuracy...
The real story is that Americans have come to expect slow job growth and even glory in it! The increase in wages shows that the inflation in the economy is heating up...and that the FED as been ignoring the COMING STAGFLATION...at it's peril...and at the peril of the bubble economy and stocks and real estate... Indeed without assest inflation the US economy is reduced to nothing but the willingness of foreigners to continue accepting the paper dollar as "real money!"
