Thursday, May 05, 2011

Odd Day

What an odd day. ECB Trichet makes a weak speech on Euro rate hikes, the dollar goes up 2% and WTI drops $9 or 8% on "surprisingly high" US unemployment numbers. End of day, the DOW drops 1% on mediocre volume. Pundits say the gas price spike is broken.

Economic weakness, margin calls on commodities and talk of begging the ChairSatan to fire up QE3 this summer. 45 million americans are on food stamps, one in every seven living residents of North Mexico. The average income of those hired after the 2007-8 crash is $30,000. No wonder everything is troubling.

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