Monday, June 09, 2014

Monthly Economic Post, Part 3

Payroll numbers are out, and again, I am letting Mish Shedlock do the heavy lifting.  His report is not as detailed as some of the ones he has done in the past, but then, this month is not that noteworthy. Employment numbers are up, but not quite enough to keep up with population growth.  Manufacturing, likewise, is up, but not enough to keep up with population growth.  Another stagnant month in the actual economy.

The market have risen for another month, as they have for the past dozen months.  Not to be confused with the economy, the markets are rising because people invest, and they invest because they think the markets will rise.  This will continue until enough of those betting on the markets need to use that money for something else, and then there will be a race to the bottom.

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