Thoughts for a Saturday

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.

Sign of the Economic Apocalypse

Another sign of economic apocalypse is upon us:

CNN Money is reporting that Wal-Mart is cutting jobs from it's Bentonville, Arkansas headquarters. 800 total white-collar jobs down the drain at the world's biggest retailer. While it may seem like a drop in the bucket compared to the hundreds of thousands of jobs being shed by companies such as GM it does call for pause.

Wal-Mart... laying people off. Wal-Mart. Click your heals 3 times.... there's no place like home, there's no place like home, there's no place like home, there's no place like home...

Think The Job Depression is Over? Think Again

It's amazing what politicians can twist and how blind they can be. Take a look at the chart below. It compares job losses in the current recession (depression) to the 1990 and 2001 recessions.

Notice anything different? I'll spare the insult to your intelligence and just ask this simple question... does anyone really think a second half rebound is in the cards? Oh... and another question... does anyone really think spending another TRILLION DOLLARS of our grand children's money will do anything? Anything at all?