..

STOCKS

.

.

Jobs, Jobs, Jobs

.

.

You can look at lots more

jobs growth charts

by using this LINK

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The Obama stimulus

dramatically & positively altered

the jobs picture

from -800,000 to

21 months of +100,000/+200,000

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What happened?

.

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  • The Stimulus ran out &
  • Jobs growth flattened.
  • Republicans preaching Austerity won the 2010 elections
  • European Meltdown Grows

.

To recover from other post WW2

Recession we created MORE government jobs

The Obama Stimulus ran out

The Small Businiss/American Jobs Act

was crushed and here’s what happened

.

We Lost Government Jobs

.

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There’s a time for cutting deficits/austerity

But NOW

The Clear and Present Danger is

Worldwide Recession/Depression

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We pay for our Debt by selling Treasury Bonds

Our 10 year T Bond is at 1.58%

CPI(measures Inflation) is at @2.3%

In real inflation adjusted terms we are

paying down debt at @0.72%

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Spain 6.55% Debt is a huge problem

But, thanks to our Fed, and

others across the world buying

our bonds

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Today’s Monthly Jobs Report

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  • Employment rate from 8.1% to 8.2%
  • Jobs numbers +69,000 – +150,000 expected
  • Horrible numbers - Much worse than expected.
  • Very bad for Obama fans because he will be blamed


________________

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Our Canary In a Coal Mine

Stock Market(s) Barometer

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The Canary may not be Dead Yet

But the yield on the 10 year Spanish bond

is rising close to the 7.00% Danger Zone.

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Yesterday huge drop to 6.44 at open

but the yield rallied throughout day

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Today  rates are flat – LINK

6.55% at 8:20 EDT


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****************

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No changes in LTO till Spanish bonds close below at least 6.25%.

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Longer Term Outlook

3 months+

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CAUTIOUSLY BEARISH

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AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK & POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMMAR  ERRORS.

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