Non-Farm Friday – Holding the Line?

4,130 – That’s where we started this week.

4,127 – That’s where we are this morning.  It only SEEMS like a bad week because we had that silly rally on Wednesday that got our hopes up but, on the whole, it’s been a good, solid consolidation week DESPITE some disappointing data.  This morning, the NFP Report shows that we added 428,000 jobs – that’s not what a depressed economy does and there are 11.2M jobs available – enough for anyone who doesn’t like the job they have to find another one.  

So yes, that’s driving wages higher and that’s causing some inflation but transferring money from Corporations to the Workers is the good kind of Inflation in this Capitalist Hellscape we’ve allowed to consume our once-thriving Middle Class.  And, by the way, when someone saying something like that smacks of Communism – don’t think about how liberal I am but think about how Conservative our thinking has been programmed to be that the very idea of workers getting their fair share of the profits they WORKED for seems like a radical idea these days.

We NEED to rebalance the scales and we NEED to redistribute some of the wealth because we’ve been on a very wrong patth for a very long time – essentially since Reagan was elected in 1981, when we were sold that whole “trickle down” BS 

IN PROGRESS

Provided courtesy of Phil’s Stock World.