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We all by the way three days away from not -- jobs report that's the big 1 comes out Friday morning on -- -- bring an economist David coat off.
Here's what I'm hearing when it's relating the jobs report to the stock market.
If we get a bad jobs report not many new jobs created for example lot of people say that's simply.
The stock market straight off what do you -- I agree with that the stock market does not want robust recovery because that means the Fed telescopes.
It's taper -- and it comes sooner though the stock market wants to hit the Fed to go on for ever.
And to do that you want week economics 160190000.
Nonfarm stock market likes it.
250 to sixty.
Then it gets to be too strong if it's a few months in a row by the way.
I like art Laffer -- could be awakened I'll look like -- terrific interviews that way you know he's 72 years old I wish I would look like Madison avenue to but he is that you trick -- I can't.
Perfect guy -- I've got that that's let's move to a your prediction for the jobs report Friday.
Look -- in the consensus I think picking a single point every month we go through this exercise.
Which don't get as much attention are more important because they give us trend what do we know.
Things are improving I disagree with -- I don't think it's terrible now it's a weak recovery but it's a recovery.
And it's gaining strength gradually.
Yet an earlier -- complaining about a housing price you're so right to given the business we want housing prices up we want rising income we're getting it slowly but we're getting it.
That's bullish for stocks as good for the US economy so what -- we got to two and a half percent rate of growth.
That's about it that's -- -- for the foreseeable future back is the new normal.
Well for a while two and a half two and a low inflation rate 11 and a half nominal GDP three and a half -- -- What's wrong -- that picture we will add.
Two million jobs a year we'll have gradually rising income.
We will heal the financial system's slow -- And at the same time.
The austerity of the fiscal policy in the US.
Is being forced upon us and that has a positive effect we don't like it when it hits us personally like we fly on an airplane and but the fact is we do have pressure on -- federal spending it's a good combination.
All right suppose we get to a real and what we're in the middle all of and energy revolution to some degree because we've really -- boosting domestic energy production supposedly went all out and really got things going on the energy front what then.
Ballots -- fabulous.
It's a fabulous development for the United States where -- process to.
At let it happen without political into eruptions it'll be a boom for America higher paying jobs will stop sending dollars abroad to our enemies the dollar could even strength then.
And the economy does better I mean we have.
It in the inner energy -- in the United States in exploration drilling distribution.
We've just got to let it happen it's terrific for our country -- kinds.
Look like that summary and I like things on a steady easy pace let's not get the volatile robust up and down.
Would you want the letter and see if there was an election tomorrow would you vote for another Tom for President Obama.
Well I don't have to make that decision I know you don't but who -- give me give me a hypothetical -- lot.
I've -- independent Stewart I don't like Republicans I don't like Democrats I don't like politicians I believe in.
HL Mankins wisdom don't encourage them.
Africa will like you David -- we really do -- -- out is but I Jesse appreciate it.
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