iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,459 Blog Posts

Unemployment Sinks to 3.5%; America Adds 266k Jobs During November

These are really annoying numbers. Unemployment is now 3.5% and the economy added 266k jobs during November, way ahead of the 187k expected.

How am I supposed to see an apocalyptic decline with the economy booming like this? Perhaps when they impeach and execute Trump, we might see the VIX rise a little. But aside from that, the China trade war is having ZERO affect on us, which makes me think about liars and how they sell stories to fit narratives.

The Chinese economy isn’t growing nearly as fast as they say and our dependence on them isn’t nearly as much as they say. The problem with liars is they always get caught. The issue for everyone else is it diminishes the structure upon which society has been molded around. With that goes confidence and adherence to the law. Dangerous stuff to play with.

Futures are up. The economy is ripping. Happy Friday.

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9 comments

  1. richardweiner

    A certain group is at all time low unemployment. It turns out when Trump takes away their free crack money, they decide to work. Thank Mi Presidente.

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  2. rigged game

    The PPT (Plunge Protection Team) and the PTP (Putin-Trump Propaganda) team are hard at work, ginning up phony numbers, just like the PHONY rigged count numbers in WI-MI-PA 2016 election.

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    • ferd

      A concerned Russian expert, Steven Cohen, posed the question: ‘What would happen today if something similar to the Cuban missile crisis were to occur? Would the politics of the day permit a president Trump to negotiate with the Russians (as Kennedy once did) in order to avoid catastrophe?’

      This is why MSM’s success in programming simpletons like yourself is so dangerous. Please get a clue.

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      • numbersgame

        So you want Trump as your negotiator during a nuclear missile crisis? Way too impulsive and emotional, no ability to think things through and refuses to consider the PoV of peopel with 10 times the experience. A leader does not have to follow the advice of his advisors, but does need the ability to evaluate and judge opinions contrary to their own with minimu bias.

        However, I agree with your main point. It is important to understand that:
        1) the Russian interfered in the 2016 election
        2) this interference was one of *influence* not vote rigging

        Of course, Donald Trump was saying that the election was rigged and threatened chaos if he lost, so it’s not just the “MSM” that is spreading these rumours: its a staple of the right as well. How many southern states suppress minority voters because of unsubstantiated fear of rigged elections?

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        • ferd

          Are you completely unable to comprehend what folks actually write? Stop debating the voices in your head.

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          • numbersgame

            You specifically pointed out “MSM”, which is generally regarded as the left-wing media. Your implication is that this problem only occurs on the left.

            Donald Trump, caliming a rigged election:
            https://www.cnn.com/2016/10/18/politics/donald-trump-rigged-election/index.html

            Also, the MSM has never said there was a rigged vote count in 2016, only that there suppressed votes (mostly in the South) and foreign inlfuence through social media.

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          • ferd

            Cohen’s point, with which I strongly agree, is that the orange dude is the president …he’s what we got.

            It is always dangerous when an amoral political whore is in the White House – as is too often the case. So, assuming Trump’s whorishness, I do not want the politics of this nation to make it expedient for him (or for any politician) to support our continued confrontational, expansionist policies on Russia’s doorstep in Ukraine, in the Black Sea, etc.

            Separately, I accept your point about “MSM” being associated with the left. I include Fox et al in my personal definition of MSM …as they all pretty much toe the same line on the things that most matter. But words mean what they mean to the most people who view them, my objection notwithstanding.

            Have a good weekend to all.

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  3. jbandy

    The only things to be buying here are Energy stocks (XLE) as we head into 2020. Otherwise, I don’t see any sectors that are buyable at these levels.

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