The Low Interest Rate Message…with late day update

The shockingly poor employment number this morning may have a message imbedded in it.

Maybe low interest rates are a signal that things are terrible, people and companies are not getting a growth message.

And we see how well the FED has trained the markets…with the early rally in stocks, another interesting day.

Late day update…

So what did we learn today? The Fed’s low rate policy does not create jobs. Maybe the mandate needs revision, turn full employment over to Fiscal Policy. The Fed then can focus on striking a balance on interest rate levels, ie, the tradeoff between savers and investors.

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