Losing Jobs and Lying About It: Opinion
What kind of doctor "knows" he will need to keep shocking his patient continuously with a defibrillator for at least two full years? Dr. Frankenstein required only a tiny fraction of that time to create life.
To anyone with a modicum of economic literacy, Bernanke's declaration at the end of 2012 of at least two more years of his 0% defibrillator was nothing less than an open confession the U.S. economy is nothing but a charred corpse. Whatever fantasy number is released by the BLS on Friday will be another lie.
There were fewer Americans working in February than in January. There will be fewer still working in March. Corpses don't "grow."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts