Jim Sinclair's Mineset » In The News http://www.jsmineset.com The most trusted name in online gold & commodities news. - Est. 2003 Tue, 07 Feb 2012 23:46:57 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 In The News Today http://www.jsmineset.com/2012/02/07/in-the-news-today-1095/ http://www.jsmineset.com/2012/02/07/in-the-news-today-1095/#comments Tue, 07 Feb 2012 17:21:49 +0000 Jim Sinclair http://www.jsmineset.com/?p=14708 Intellectuals solve problems; geniuses prevent them. –Albert Einstein

 

Jim Sinclair’s Commentary

So much for the bliss over the skewed employment figures.

Bernanke: Joblessness Understates Weakness By Craig Torres and Josh Zumbrun – Feb 7, 2012 11:03 AM PT

Federal Reserve Chairman Ben S. Bernanke said the 8.3 percent rate of unemployment

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The spin on the employment figures is reaching spiritual levels.

The dollar’s gain is on the airwaves but there is no mention of today’s range.

The USDX at .80 to .82 is a barrier of formidable strength. So is 79.645.

 

 

Jim Sinclair’s Commentary

The question is akin

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Employment statistics as taught by the two revered classical economists, Abbott and Costello. Courtesy of CIGA Lew

COSTELLO: I want to talk about the unemployment rate in America. ABBOTT: Good Subject. Terrible Times. It’s 8.3%. COSTELLO: That many people are out of work? ABBOTT: No, that’s 16%. COSTELLO: You just said

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Jim Sinclair’s Commentary

QE to infinity for sure. AIG, City and The Squid cross the 200 day MA on the upside.

God bless liquidity.

 

Jim Sinclair’s Commentary

Here is the latest from John Williams’ www.ShadowStats.com.

- Basic Economic Outlook Unaltered by Stronger Labor Data - January Jobs Reading Still at Levels

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