Aug 3, 2012

The Other Welfare Queens

From the cute financial writers at "Motley Fool"  (We Make Losing Amusing):

"After stimulus-hungry investors were disappointed by this week's Federal Reserve and ECB announcements, they'll turn to today's nonfarm payroll report in hopes it will fuel action from the U.S. central bank. In particular, they'll be hoping payroll additions fall well below the 100,000 person consensus estimate."

(Related quotations, courtesy of Mr. Orwell: "War is Peace. Freedom is Slavery. " And the ever-popular "2 + 2 = 5.")

Simply stated, and not too drastically oversimplified,  the sleek-groomed MBA set  is praying for higher unemployment to force Ben to run the national money mimeograph a little faster.

I think we need to lay off the literal welfare mothers for a while. They're pikers compared to the spawn of graduate schools of business.

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