This is your stock market.
This is your stock market on heroin.
This is your market’s heart, addicted to a woman that should be in prison, and a clown-car stuffed with 535 critters that have ignored violations of their own laws, and in fact cheer them on, for 100 years — and thus should also be in prison.
Note: The “benefit” from being on heroin is temporary and the intermediate and longer-term impact is catastrophic.
Total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate was little changed at 6.1 percent, the U. S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services and in health care.
That’s a crap number.
What’s worse is that the unadjusted number from the household survey is negative 618,000!
This post was published at Market-Ticker on 2014-09-05.