11/05/2004

Quick energy note: the opinion that there were thousands of sell stops under $49 for the December contract have proven false. The decline from $54 to $49 is a $.25 drop in the price of unleaded gasoline. Seen the difference yet? Right.

The jobs number is so good it is scary. Then we note that unemployment went UP during the month. You must look under the numbers to see how strong this economy really is. The Black unemployment rate is nearly double that of every other race stat at 10.7%. I submit it is the group think that learning anything is "white" but the race baiters blame Bush and us Red State morons. Eight million of us hold two jobs, which may mean may are also running a business from home but most likely indicates people with two low paying jobs. Additional data show that the sollar drop almost assures a manufacturing gain and that the hurricanes will produced massive construction employment. Picture not entirely bright but it never is.

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