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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.

But whatever.

Oh and also, gold has utterly fucking nothing to do with US unemployment because (repetez avec moi) Americans don't buy gold.

Carry on.


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