Thursday, April 30, 2015
By the way, regarding the unemploment numbers....
Upon hearing today's initial claims number, the proper response for a US equity investor is not "ermagerd! Unemployment is low! Sell! Sell! Sell!"
Also, nobody should be scared of 1) the Fed raising rates too early because they're idiots or 2) a 0.25% hike off the ZLB causing financial armageddon.
Oh and also, gold has utterly fucking nothing to do with US unemployment because (repetez avec moi) Americans don't buy gold.