Friday, April 5, 2013
"Wall Street is Excited that People are Giving Up": Tales From Normal, Mn.: FICTION
Just got the text from the guys at Betty Lou's Coffee Shop in Normal, Mn. that they were a little puzzled that so much of the Wall Street Gurus are very excited that the unemployment rate has fallen because so many Americans have left the workforce, and have given up on looking for work--which is the key thing to have them removed from the statistics. To a man, those walleye fisherman felt that it was bad when we motivate politicians to look better when regular Americans are harmed...I just stared at the phone text with wonder---it is real special when regular fishermen get it, even when the only investment they have is in bait and tackle. Stay tuned as I follow this story.