Friday, March 6, 2015

A Casino Or an Economy. Pick One

“Nations, like individuals, cannot become desperate gamblers with impunity. Punishment is sure to overtake them sooner or later.” 
--Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds (1871):

Stocks (and long-term Treasury Bonds) are now tanking due to a better than expected jobs report


ZH: March 6, 2015
No Wage Increases: 
More than half of jobs created in February were lowest quality

The Obama Wreckovery Visualized


Jobs versus stocks
A society of degenerate gamblers




The jobless Wreckovery is now ending. More jobs means less monetary dopium for the casino. Which means party time is over.