Wednesday, October 3, 2007

JOBS DATA IS A BOGUS ISSUE...

AS IF WALL STREET IS "CONCERNED" ABOUT THE JOBS DATA...!!

AFTER SENDING MILLIONS OF MANUFACTURING AND OTHER HIGH VALUE ADDED JOBS OVERSEAS IN THE LAST DECADE...SUDDENLY LAST SUMMER...WALL STREET BECAME THE "FRIEND OF LABOR..."

BULLSHIT!

THE JOBS DATA HAS BEEN HISTORICALY WEAK FOR YEARS...AND THE QUALITY OF THE JOBS CREATED HAS BEEN LOW...WITH LOW WAGES, NO BENEFITS...AND A LOT OF TEMPS...

YES...THE JOBS NUMBER WILL BE WEAK...

BUT THE HELL BENT FED IS DETERMINED TO KEEP THE UNSUSTAINABLE ASSET BUBBLES GOING FOR AS LONG AS POSSIBLE...

EVEN, AMAZINGLY, TO THE EXTENT OF TRASHING THE DOLLAR...AND RISKING LONG TERM INFLATION DOWN THE ROAD...

THE ECONOMY LOST 13,000 SO CALLED JOBS IN SEPTEMBER...

AND THAT WILL BE GOOD FOR A 200 POINT RALLY ON THE DOW THIS FRIDAY...