And on a friday. I’m no expert, but I do follow these things and read a bit. When the markets sank yesterday after the fed dropped another 50, I thought that was a sign of very little underlying confidence. Today a lot of shorts were cleared out. Tomorrow might be interesting.
The “real” employment numbers have been obscured for years — the books padded with estimates. I think it’s going to be volatile tomorrow.
What worries me isn’t the state of the economy, which is shakey, but the attitude among so many people that everything is okay or happening someplace “far away.” When these abstractions hit home, then it’s gonna get ugly.