Founder, CHIPPEWA PARTNERS, Native American Advisors, Inc. A White Earth Chippewa Reservation member he's helped Natives for decades. Raised conservative in the color of friend, Crow Chief Robert Yellow Tail. Training on Wall Street in 1982/83, met game changer William O'Neil in 1984. In a world on a dopamine, hypomanic binge, this is his take on financial chicanery, political crime, Native issues and life well lived. Written from the trading turret at his MT Ghost Ranch or TN farm, Pamelot.
Saturday, March 09, 2013
Trust me, this time it is NOT different............
The MAJOR difference between this bubble and others is that this is completely unnatural. There's no natural demand or boom in a business cycle. It is pure unadulterated manipulation of the markets with monetary policy. That's all it is.
The decrease in the unemployment rate comes from people who are not looking for jobs because they are on disability or given up hope or simply are making too much money on the dole. The numbers are designed to show that when the unemployment rate goes up, they can attribute it to the fact that the survey was taken before sequestration, so that when they report worse numbers in the future they can say it was because of the effect of reducing government spending.