Fuck yeah. The jobs report was of the blockbuster varietal. I can feel the sting of the energetic high fives at the Federal Reserve right now, as they suck each other’s cocks over “calling it”, getting it right about rates.
Granted, most of the new jobs are at Wendy’s and floor scrubbers at Amazon fulfillment centers; but they’re jobs nonetheless. Quit trying to urinate inside my 40 ounce of malted liquor.
This is what we do know: the economy isn’t collapsing just yet. Maybe all of those oil jobs were meaningless rabble and the entire state of Texas stupid and without purpose? Maybe our new manifest destiny is to serve the elite, their food and illicit drugs via apps? Maybe Frederick Wilson was right all along; Etsy really is a great company and Apple is a piece of shit?
So many questions, so few answers.
Toss away your China related fears, right into the Freddie Kruger boiler room furnace and REJOICE the splendor of 292,000 NEW jobs added to the economy, during the month of December.
Bring on the rate hikes. Let’s get this party started.
Congrats to Janet Yellen and her staff of catamites.
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The Wendy’s employees are the ones buying AAPL products so it all works out.
Big jobs number because retail over-hired holiday workers. Macy’s already has announced cuts; I’m sure Gap and Nordstroms aren’t far behind.
You’ve got economists estimating 200K jobs almost every month. It’s like a law of averages; keep throwing out that number and the over and under estimates all turn out to be around 200K.
To your point about oil jobs, the people who lost those high paying jobs are now the ones who’ve been hired at Amazon and Wendy’s. This helps explain how employment net outs a gain, but wage growth is still very muted/non existent.
But the crazy drop in oil prices is effectively a wage hike for those in lower paying jobs. This money is spent rather than saved which has to positively impact economy. How much? Nobody knows.
Europe is already Red. ROFL, I can feel the cock sucking glee the FOMC party is having even over here on the west coast.
No rally. Looks like the landscape has changed and no one is buying until China stabilizes or Hillary starts pressing the FED for QE4. Short. Short.
This post spoke to my sophomoric soul..
This pop and fade is just hideous.
Is the chronological order of posts instead of one per lead blogger at the top of the page a passive-aggressive ploy to strong arm OA into posting more?
Feels that way. But passive aggression would seem to be beneath you.