We demonstrated yesterday that the US economy has essentially generated no breadwinner jobs since the turn of the century. The gain in what the BLS counts as "jobs" are essentially part-time gigs in the bread and circuses sector and jobs emanating from the booming growth of government funded education and health spending.
Eight Years Of Bull Ends Tomorrow
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.