Friday, January 10, 2014

Honey, I shrunk the labor force!

With the adaptation level at 8.1 and the “current unemployment rate” at 6.7, the confidence cushion has widened a bit, but I view this as a holding action. I don’t know why people pay attention to the unemployment rate any more, but then, I am a professional. Most people are not obsessed with the increasingly flaky economic data as I and other readers of Zero Hedge et alia are.

With continued weakness in the Michigan series, and a topping formation in the A metric, the collapse, when it comes, will be sudden, as it always it.

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