If you have been reading all my comments, I have posted some notes which shed light on some curious stats coming out in the economic data.  Here is one more piece.  The interesting thing about economics, and money in general, is that belief in something can in fact create it.  Although, it can also have very detrimental effects when the truth comes out…if the problem is not fixed before the truth is revealed.  In the mean time, lies and conjured numbers are heaped on top of each other in the hopes that that truth will not come to light and everyone lives in blissful naivety.  Hmmm, well unfortunately all too many people right now can’t be blissfully naive.  Why?  Because they are living proof that there are still MAJOR problems in our financial and monetary systems which have not been fixed, and have actually been made worse.

The following is just one such example of this curious economic data.  I am not saying to believe it.  Take from it what you will, inform yourself and think beyond what is splashed across media headlines.  This interesting notes is from Colin Twiggs of Incredible Charts (.com)

The dollar rally was initially spurred by a Bureau of Labor Statistics report of surprisingly low job losses for November. Jeff Nielson, however, points out that their monthly figure of 10,000 job losses does not tally with weekly layoff stats. The market is in equilibrium (with zero job losses) when weekly layoffs are around the 300,000 mark, but November layoffs have been averaging close to 500,000 per week — which would indicate job losses of around 1 million for the month. Let us hope that this is not another BLS conjuring trick.

I live in Canada which is supposed to be in better shape overall than the USA.  And yet I have had countless friends who have had to move because they were laid off and are still not working.  Also, I have many other friends who had to leave professional jobs to take more casual work such as waitering or waitressing.  This of course is completely subjective, but it does make me question the numbers coming out in these news releases.  And when we dig deeper, they just plain don’t make sense.

I encourage you learn what you can and to form your own opinions.  And as for right now, just enjoy your weekend and prepare for the holidays.

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Cory Mitchell, CMT
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