The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.
Wednesday, January 4, 2017
Betting It All On The Jobless Consumer
These charts are regular close. After hours not shown...
“The spike down to a 4.6% unemployment rate seems to have sapped even the most diehard doves of any energy to continue concocting arguments to support the notion that significant labor market slack remains”
Job creation (red) with the number of people who want a McJob aka. "the unemployment rate" (black):
One of these is not like the others...
Job creation with log scale Fed rate:
Wage growth, per se...