Yesterday we witnessed spin. I know, I know... when don't we?? Really... creating 36,000 jobs is a BIG WIN?? The small number was weather related? Did anyone watch Jim Cramer last night? I mean sure... he's got a lot more $ than most of us so he's got to be right about something, right? Right? Hell, his cheerleading is just getting old now. How do you spin that BLS crap?
10 years ago a number like that would've pushed bond yields down all day long and stocks would've been pounded. Now, due to the Fed's distortions and our Government's willingness to participate in this fraud we get a "Now that ain't so bad" attitude.
Come on. Isn't this getting old, now?
Here's a fantastic perspective on the BLS and their Black Magic Box.
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