Thursday, July 3, 2014

Wall Street Ignores June Data on Jobless Claims, Underemployment

-Ron Paul
The euphoria prevails. Stocks skyrocket. Money creation on a massive scale is working, according to the financial markets.

288,000 new jobs were created in June. Dow above 17,000 is welcomed by those who believe the sky is the limit. The labor market is literally exploding, it has claimed, but there are some statistics that are not that reassuring and are ignored by Wall Street.