Jobs Up But Earnings and Participation Down Ep. 42

Published: Jan. 11, 2015, 12:21 a.m.


\n* December jobs report up; unemployment down
\n* Average hourly earnings dropped
\n* Labor force participation hits new low, except for older Americans
\n* Fewer young workers supporting the Social Security system
\n* Most credit comprised of student loans and auto loans
\n* Auto delinquencies highest since 2008, indicating a bubble
\n* Obama's plan to make community college free will further inflate costs
\n* Charles Evans calls for more inflation before raising interest rates
\n* Denies relationship between cheap money and bubbles
\n* The term "patience" indicates no timeframe for higher rates
\n* Gold stocks very strong and gold prices continue to rise in face of rising dollar
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