Friday, February 1, 2013

"Dead Cat Bounce"

1-I trust all the LDP awakened this AM to breath in the Jan 2013's economic news, thought it was a flash back to 2009. Unemployment ticked up 0.1% to 7.9%, new jobs created ~150K, new unemployment filings up to ~350K, all adjusted for seasons variances. Wow! 2-For a moment, I wonder if all the minority groups and some hard liner LDP that rush to vote for the LDP ticket, paused to think they bet on the wrong horse? Again! 3-One CTPR economic advisor said of the Jan 2013 economic results as "dead cat bounce". 4-Senate approved a three month extension before serious talks begin on the debt and deficit cuts. 5-Speaking about dead cats, former US Senator Hagel R-NB got toasted yesterday applying for the S of D chair. This is just the kind of guy, pp wants in the job, a R plus a wimp, so he can walk all over him when he starts the slash and burn the D of D budget. Remember all cuts in military and domestic sectors spending add to the Jimmy Carter misery index. 6-There is a bumpy road ahead.

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