US jobs growth in June – headline beat misses fall in full time jobs

Hurrah for the recovery in US employment!  June’s +202k increase in private sector jobs was ahead of ‘expectations’ and have been spun as a further confirmation of the self-sustaining recovery in the US economy and the planned ‘tapering’ of the Fed’s current $85bn per month of QE life support.  As a consequence the US dollar […]

Bernanke blowing bubbles