Jobs Report Weak Due to Global Warming

Blame the weak jobs number on global warming: The U.S. economy added 36,000 jobs in January, far fewer than economists had expected because of severe weather, but the unemployment rate fell to a two-year low of 9 percent.

As we all know, Snow = global warming: "Even though this is quite a cold winter by recent standards it is still perfectly consistent with predictions for global warming," said Dr Myles Allen, head of the Climate Dynamics group at Department of Physics, University of Oxford. "If it wasn't for global warming this cold snap would happen much more regularly."

While the "Climate Dynamics Group" tries to get their story straight, let's take a look at how the market is reacting: Stocks traded flat on Friday as investors attempted to reconcile conflicting messages on the U.S. economy from the January jobs report.

Let's see. It's snowing because of global warming, and the unemployment number is coming down because of weaker than expected job numbers.

I think I understand now why the market is shrugging at it all today.

TGIF!

Monday Randomosity

• New year, and new girlfriends for Hef. LOL.  These are the twins.  Yes, indeed.
• Check out the market internals from today.  More advancers than decliners.  Just saying.  We don't like to see the market go down, but if the majority of stocks are advancing even though the indexes aren't, is it horrible technically?
• Remember the last couple of years, I laughed at those worried about inflation. Even the Fed members who were yapping their mouths about inflation.  They were wrong.  Now, the Fed is really trying to grease the skids of this economy.  And Obama will do the same.  So is now the time to start anticipating an inflationary economy down the road?  Probably.  That's my guess.  May not show up for a bit, but these guys are trying to get this thing going again.
• Could be the next bubble is in Treasuries.  Anyone want to buy long-dated Treasuries here?  C'mon.  No way. 
• The folks who want to inject even more government regulation (”read interference”) into your life insist that the wheels have fallen off the economy because of too little government regulation over the past three decades. Wrong.  From Orange Punch.  Click the link to read the crazy numbers of regulations George Bush has added during his terms.
• Add a $175 tax per dairy cows to fight global warming?  Those alarmists have crazy covered!
• Where did you come from?  Where did you go?  Where did you come from, Cotton-eyed Joe?
• I've had my iPhone for about 2 months now.  I've added about 6-pages worth of apps.  The new-ness of it all has worn off, but I love this phone.  Can't imagine going back to the "old way."  I don't search blogs and the app store much these days, but did see that Craigslist has an app out now.

 

Climate Change Bailout Package

Scientists have agreed that that earth has cooled the past ten years, that ocean levels have fallen over that period, and the ice caps have added ice. So has the climate change thing completely divorced itself from science and found a new lover in politicians?

UPDATE: Which side are the scientists on?

-- Post From My iPhone