This “job growth” is a propaganda fantasy…


Yahoo! Alerts
Friday, March 9, 2012, 10:05 AM PST
Obama hails another month of job growth, says nation must keep its ‘economic engine churning’

Our “Let’s Pretend” Economy: Let’s Pretend “Job Growth Is Best Since 2006”

Instead of just swallowing Ministry of Propaganda swill, let’s examine actual data. If we do that, we find job growth is mostly smoke and mirrors.

The Ministry of Propaganda and its media minions are announcing that “job growth is on a tear” and the “best growth since 2006.” How about we look under the hood of the employment euphoria? Here is an example of the Ministry’s work: Best U.S. employment growth in 12 years Almost all the data agree — labor market’s on a tear.

One Comment to ““Another month of job growth,” huh? On what planet?”

  • Here’s a brillant summary of how the Fed and Central banks are rigging the markets by Charles Biderman, the CEO of a research and money management firm:

    Today the stock market does not go down for longer than a day or so. As we said earlier this week, the Fed has been flooding the economy with $5 trillion of no cost money since 2008. US public companies are using some of that free cash to buy back enough shares to payoff all those individuals selling US equities whether directly or through mutual, pension and hedge funds.

    To summarize, the US economy is barely inching along and the stock market is roaring.

    Let us not forget that this is a presidential election year. What would help President Obama the most would be if the US economy has a sustained recovery between now and election day. While that recovery is not occurring in reality, it certainly appears to be occurring in the minds of investors who are sitting on huge increases in stock market wealth.

    Coincidence, or something more sinister, we have no idea. But it does make one think.

    Charles Biderman
    President & CEO TrimTabs Investment Research
    Portfolio Manager, TrimTabs Float Shrink ETF (TTFS)

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