Summary: Deconstructing the absurd 5.8% recently-announced unemployment rate. If you take the trouble to do the math, it is really so easy to discredit these liars. The same goes for the deficit. And ‘profits’. And the ‘housing recovery’. And the ‘fine auto sales market’. Subprime is back everywhere with a vengeance. Stock market comment. The Rydex indicator. The ramifications of the crashing oil price are very grim and far-reaching. Horrendous sales figures just published from the Thanksgiving weekend. Why the idea of central banks issuing free money to households is a bad idea.
