MORE JOBS OR MORE QUESTIONS - BLS DATA OR JUST BS?

Apparently I wasn't the only one that thought the "jobs" report was a little suspect. Please enjoy this video from David Stockman the former Director of the OMB.  He is a regular on CNBC and he completely discounts much of the improvement in the economy and employment.  Fast forward to around 3:00 in the interview.  It is well worth your time.

Specifically, he points out that we are not adding enough jobs to keep up with population growth AND we have less employed folks working than when the recession ended.



Stockman calls into question the use of QE and the remarks that the FED is responsible for all the commodity inflation.  David calls for some sanity in the markets and really suggests that we are in some deep trouble ("and it won't be in 3 years").

GOATMUG

JOBS - 16.1% UNEMPLOYMENT?

I think Rick Santelli from CNBC has an entertaining rant about the jobs report.  Enjoy.

As of 1:13 today the Dow is now up, isn't it great to invest in a market where securities never go down?

GOATMUG