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December 2017
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Only 10% unemployment

                Yet the market goes wild.  Another sign of how bad things really are.  When 10% of your working people are unemployed during X Max (the time of year that every retain store doubles its seasonal help folks) and your cheering, it means things are really bad.  Well, go figure; you need to find whatever bullish data you can to justify a 60% gain in the equity market the last 8 months.  Personally, I see the same exact behavior that got us into the real estate mess.  Reckless pumping by the pump monkeys without anything of substance to back it up.  Yes, like those no doc nothing down 750K loan to Pedro the strawberry picker ever had a chance at getting paid back.

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