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Message: Cognitive Dissonance and the $U.S.

Cognitive Dissonance and the $U.S.

posted on Feb 04, 2010 05:32PM

Here is the thing that I still don't get. When the U.S. employment stats. came out last month they were better than expected and the dollar rallied as a result thus tanking gold. The explanation being that a stronger economy puts upward pressure on interest rates. Makes sense. However this morning the employment situation is negative, so a guy like me with the benefit of now having a ...real education figures that the inverse should occur...apparently that didn't happen. Coupled with that gargantuan multi-trillion dollar budget deficit how can we go wrong buying into those T-Bills?

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