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.
Several big numbers come out tomorrow...will be a very volatile day for the market...
They wrung the shorts out today, tomorrow first thing they’ll take the profits and wait, check the numbers, let the numbers run up again and sell by noon...hit the watering hole by 12:30...The Eagle flies on Friday..
The “real” unemployment numbers have been obscured for years...
I don’t need them to tell me the real numbers. And I don’t need them to send me some nice glossy piece of paper telling me the real inflation numbers.
I see the numbers at the supermarket. And at the gas pump. And in my electric bill. And my conclusion is they are a bunch of lying sunzabitches!
There.
I said it.
Don’t give me all the crap about the stock market. It can go up till hell freezes over. If it goes up tomorrow, the only thing that means, without real growth and real increases in our manufacturing capability, is that is takes more dollars to buy the same amount of stock.
Shouldn’t take a freakin PHD to figure that out.
No, really! The sky is falling.