Today's payrolls report indicated that more McJobs were created than expected, at lower wages than expected. Shocking. Transformation to Third World nation is nearing completion. But don't take my word for it...
"I would feel a little bit better if some of the contradicting numbers of low unemployment rates and low wage growth were more in line with each other"
We've heard this for 40 years straight:
We need to be rethinking how we develop skills in order to keep the U.S. competitive. We have to integrate education more with work"
"Wall Street worries that the combination of low inflation and tighter monetary policy could lead to recession"
Why would you think that?
All we're waiting for is the global asset crash which will confirm my proprietary hypothesis that debt is neither wealth nor GDP. And my other hypothesis that debt levels don't fall nearly as quickly as asset prices. Speaking of which, now we are going to find out who has been swimming naked: