As long as this clusterfuck works to the benefit of an ever-smaller and ever-wealthier minority, the globalized ponzi scheme will continue to discard more and more long-term employees with each passing day. All while Rain Man & Company wait for the economy to float back from China.
Revisiting last week's "phenomenal" jobs report for a moment, we find that the 288,000 new jobs consisted of a gain of 800,000 part time jobs, offset by a loss of 523,000 full time jobs:
800,000 *new* McJobs, coming right up. That will cost 523,000 real jobs. Keep the change.
Here is the headline from Reuters upon release of the payroll report:
"U.S. job growth surges, unemployment rate near 6 year low"
True unemployment rate (U6) - only double the published unemployment rate (U3)
Which gets us to the question, is unemployment at a 6 year low or is employment at a 35 year low?
Labor participation rate with foodstamps
1999 was the inflection point for employment and foodstamps ("those lazy bastards")
Below, the reason why the status quo is maintained at all costs
The "Fuck the Grandkids" Index is permanently stuck at maximum reading
"Dude, where's the economy?"
Net Exports: 35 years of supply side Ponzinomics:
Total Debt (370% of GDP) and 0% interest rates