Economic Update: Market tells the economy “we don’t need no stinking jobs”
To the tick tock and the market doesn’t stop, as even though the jobs report continued to color the economy bad, the shit awful numbers signal that Benny B is going to come in and sex the market up with QE2, so rally on my friends, rally fucking on (and yes, the rally makes about as much sense as Money McBags’ using a shitacular 1990s song for an extended metaphor, but alas, not every Money McBags analogy can end with Taylor Rain going 5-hole, or can it?).
The point is that taking the promise of QE2 out of the equation, the jobs report was not just worse than analysts guessed (and as always, Money McBags cares what analysts guess about as much as he cares about the Tony Awards, Kathy Griffin’s sex life, or the 69th decimal of pi (which for the record is 6) because their models are fatter tailed and more outdated than Jessica Simpson’s jeans), and didn’t just feature another revised worse number from last month (53k job losses are now 57k), but in absolute terms it was about as positive as a Bea Arthur pregnancy test (and not because she is dead and thus has no uterus, but because she was a man).
Some of the high/lowlights include: