The Phaserl


State Of The World After 6 Years Of Zero Interest Rates, $4 Trillion In QE And $20+ Trillion Of Global Stimulus

from KingWorldNews:

Further Foibles In The Payroll Numbers – In his weekend note, my friend and fellow market veteran over at Option Investor cited some other disturbing anomalies that lay beneath the surface of Friday’s payroll report. Here’s a bit of what he wrote:

The best comment I heard on Friday came from Larry McDonald, managing director at Societe Generale. He wanted a number well over 300,000 jobs. He said we should not be excited by an economy that is averaging +191,000 jobs after zero interest rates for six years, $4 trillion in QE and $20 trillion and rising in global stimulus.

He said when the financial crisis began in 2008 we had 23 million full time jobs in America. Today there are only 21 million. Over that same period the population has grown more than 20 million.

Art Cashin continues @

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2 comments to State Of The World After 6 Years Of Zero Interest Rates, $4 Trillion In QE And $20+ Trillion Of Global Stimulus

  • Ed_B

    “To me the most sobering of those numbers is the 23 million full time jobs in 2008 versus 21 million today, despite a population growth of 20 million. Not much progress in those numbers.”

    Oh, I don’t know about that. Those seem like pretty good numbers for a country that is 6 years into the Greater Depression and looking forward to the Greatest Depression. Much depends on our point of view and those who swallow the US Gov / Fed Kool-aid think that we are in a recovery, which we are not, will be troubled by these numbers. IMO, it is not the numbers but the lack of a real recovery that should be most troubling.

    • Eric


      There could be tanks on every street corner, gas at $7/gallon, unemployment number of 4% and every house on the street in foreclosure and the commie kool aid drinkers will still think there is a recovery occurring if they can just get people back into the stores to spend.

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