Happy days are here again. Unemployment claims plunged to under 300,000. The recovery must be real. GDP in the 3d quarter was revised up to a smoking 3.6%.
Inquiring minds might wonder why the Federal Reserve would still need to be buying $85 billion of debt per month if the economy is doing this well. Inquiring minds might also want to know why retailers are reporting horrific sales results if no one is getting laid off and the unemployment rate has plunged from 10.3% to 7.3% in the last few years. Inquiring minds also might want to know why this outstanding economic information is causing stock market futures to plunge.
Good is bad and bad is good in a warped world controlled by central bankers and their owners on Wall Street.
After watching CNBC bimbos proclaim that the American economy is in fantastic shape and its the best time to buy stocks, Grandpa got so excited he had to dance.