While last week ended on a positive release from the Bureau of Labor Statistics on the number of jobs created, the number lacks credibility as others have already pointed out. The push for plausibility for the case to raise interest rates continues at a feverish pace.
Just Another Friday
Just as the financial markets breathed a sigh of relief after Fed Chair Janet Yellen suggested that a policy change in rates was further in the distance than was expected, the Jobs Report on Friday sent both the stock and bond markets into a tailspin. The oil and precious metals markets were also hit, but Friday is the traditional day for the elites to take down the metals, particularly with the Indians on the sidelines.
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