Jobs Up But Earnings and Participation Down Ep. 42

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

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\\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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