The FREE Investment Newsletter That Really Works!
Hi everyone, the newest free investing newsletter is posted here on the site. In this issue, I talk about a couple things that no matter who would be in the White House, they'd have to face. One of them is the rise of the robots. Automation is not going to stop and it is going to continue to take jobs away. What happens when 50% or more of the jobs are done by machines? What do YOU do for a living?
Then we poke a few sticks in the over Nanny state regulations we face. If you've ever tried to open a small business you know how bad they are. This week I stole a quote from a woman in New Town portion of Sarasota. It's stunning brilliant in its simplicity. I think you should check it out.
So, Friday was “jobs” day. The first Friday of every month brings us the “non farm payroll report”. This piece of data is watched by every market participant, because the labor data is correlated to monetary policy such as interest rates.
The Fed’s have been sitting on their pedestal telling us how wonderful the recovery is and that the labor markets are so hot that they’re worried about overheating. For months now they’ve had a smug attitude about how many jobs there are, and that their monetary policy has indeed saved the world.