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Bad news is good news for Stocks, again! But is it good news for Yellen?


Mercury

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Here is an article from zerohedge on today's NFP.  For me the key issue is that wages are not rising.  This is not news to me, I have seen wage freezes, or miniscule increases, in several major FTSE100s for some years now.  Low wages hits consumer sentiment as well as having less money to spend.  That means no consumer led recovery, cue recession.  In such an environment the central bankers are stuck, they cannot raise rates until they admit their policies are wrong and this they will never do until the markets do it for them.  I doubt we will have to wait for the US presidential election for the air to start hissing from the bubbles...

 

http://www.zerohedge.com/news/2016-09-02/most-troubling-news-fed-todays-jobs-report

 

 

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