OT: "For the First Time in 30 Years, Unemployment Fell in Every State in 2014"
Dougster
http://blogs.wsj.com/economics/2015/03/0…
But back in October Stevie-girl and The Economist were pounding the table daily about what a dire situation the economy was in.
The circle-jerk on the right said "yeah, figures since we did not implement the gold standard, or listen to Libertarians and Ayn Rand".
Meanwhile, the circle-jerk on the left said "there is no such boom, but even if there was it would only benefit the top 1%. Er, well except for doctors who vote Democrat and are nice guys. Oh, ok, 1% is just affluent. Only the top 0.1% we have a problem with. Well, that's okay too as long as they didn't make their money in finance. Oh wait, Soros... Damn! Ok, making in it finance is okay too but not inheriting it. Only the Cock Brothers we have a problem with."
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B-O-O-M
to me. But don't tell Stevie-girl.
So good employment numbers. Maybe you'll get your wish for higher interest rates soon...
Yes things are getting a bit better, but it has been an agonizingly slow crawl. To this day, we still have less people back in the F/T workforce than we had in 2005, despite the fact that our population has grown by 24 million people since 2005, and still far less than the high of 2007.
And, lest we forget, we still have significant portions of our economy being propped up by near zero interest rates. I am very concerned about what will happen to the stock and housing markets when interest rates are finally increased.
So let's calm down with all of this boom nonsense. At best, our current growth could be characterized as fragile, with a lot of headwinds.
Stock market is another story. PE of the overall market using 10yr trailing earnings is near 1929 levels right now. Good time to be a cautious investor...
Massive asset buying in the EU will likely drive up global stock markets in my opinion.
Today is another shake out day in my opinion. Market makers like to shake the tree.
Could be wrong though. No one is always right.
He spends his days on the golf course his Ho jet off to Spain with 200 of her closest friends on our dime.
"No Bread? Let Them Eat Cake!"
Plenty of high paying tech and finance jobs and a huge shortage of qualified works. Everyone is benefiting form this boom.
B-O-O-M!
http://www.marketwatch.com/story/heres-w…