I could not find on this never ending thread... re the US jobs...

I could not find on this never ending thread... re the US jobs report last week. You know the wondrous 235k jobs increase.

When I listened to Peter Schiff he said when you look at the detail, there were 235k FULL TIME jobs lost and 470k part time jobs created. Hence a PLUS 235k jobs. The MSM loved the report. And talked up the economy.

Just like the MSM talked up the 'Greeks have the money, the Greeks have the money' last week.

And now the Aussie dollar went up 2 cents because of horrible retail sales in the US. Let me try to make sense of this all...

1) the Greeks dont have and will never have the money; and even if they did, it would all end up in the black market

2) losing 235k full time 40 hour a week, plus benefits jobs is worse than gaining 470k 'a few hours a week', part time, temporary, no benefit jobs... EQUALS... NOBODY SPENDS MONEY ON RETAIL

It was very, very, very hard to connect the dots.... hey.