Is Wolfgang Schaeuble about to be smacked by Mme. LaGarde? Don't you just love that French determination?
The guy in the chair in the background is obviously enjoying it. Hey, it's big theater. The Greek Tragedy continues to unfold while the Eurozone keeps rearranging the deck chairs on their sinking fiscal and monetary union ship. Don't worry, China will save us all.
Adele's breakup anthem "Because of You" really is the perfect song for the times.
Not that things are really so much better here in Norte Mexico. The unrelenting move to convert the country into a two-class bipolar kleptocracy continues apace with the Fed eating everything in the world financial without regard for future indigestion, the executive branch quietly sweeping the whole FraudClosureGate Robosigning fiasco under the rug (made with pure 1% wool), and the sickcare system pauperizing the middle class while comping those below the line. Oh, and how about the rushed bipartisan show of public servitude by our federal elected officials to eschew trading on stocks based on information acquired in the course of their official duties? Loophole sandwiches, anyone?
Now carry on.
Today's tasty treat courtesy of the BUreau of LLabor SHITandards.
Amazing! Rocket Science! More jobs and a lower labor participation rate magically drops the stated unemployment rate to 8.2%. We're SAVED!
Woops - Charles Biederman, who runs TrimTabs, who bases their observations on withholding data, and, says: "actual jobs, not seasonally adjusted, are down 2.9 million over the past two months. It is only after seasonal adjustments – made at the sole discretion of the Bureau of Labor Statistics economists – that 2.9 million fewer jobs gets translated into 446,000 new seasonally adjusted jobs." A 3.3 million "adjustment" solely at the discretion of the BLS? "
I think I just saw something floating in the punchbowl.
Tulips are beautiful. So beautiful they became objects of greed and envy. Nowhere moreso than in 17th century Holland. Tulip bulbs became a frenzied market, and eventually the most expensive commodity in the world. Until February 3, 1637.
This little chart shows how the tulip market wilted, rather quickly. Fortunes that had been made vanished. Happy 375th anniversary of the end of Tulipomania.
