From The Reformed Broker:
I love my friend Joe Weisenthal, and I know he’s half-kidding with his monthly routine of turning the BLS Non Farm Payrolls report into the Super Bowl – 12 times a year. We’ve gotten into this habit in the financial web and media of treating each successive BLS Day since the crash as though it’s the most important one EVER!
But the truth is, only a few of them, at [...]
“The euro fell on Tuesday as concerns about the euro zone’s ability to contain a debt crisis blunted initial enthusiasm after this week’s $1 trillion rescue package.
The euro retreated from Monday’s high near $1.31, at one point falling below $1.27 as investors wondered whether weaker euro zone economies can deliver the drastic spending cuts and tax increases needed to get their fiscal houses in order.”
Um. . . .I forget. . [...]
Here’s another quote from Chapter V, “The Illusion of America”, pertaining nicely to the utterly grotesque 12-month Casino Dow “rally” which is totally divorced from reality:
“The daily bleeding of thousands of jobs will soon turn our economic crisis into a political crisis. The street protests, strikes, and riots that have rattled France, Turkey, Greece, Ukraine, Russia, Latvia, Lithuania, Bulgaria, and Iceland will descend on us. It is only a matter [...]