A New Record That Is Dismal, At Best

Zero Hedge today has an interesting article that is frightening, even as it is record-setting. Here is the headline:

Here is a brief quote that explains it:
"...there was one especially scary aspect of today's jobs report that has not gotten enough publicity, namely that as BofA writes, the employment to population ratio plunged to a record low, with only 51.3% of the population working. Inversely, this means that in April, 49% of the US population was not working." 

I shudder to think what could be coming! 

Dow Rises 300 Points on Awful News

These two headlines from the business news website Cheddar this morning express the sentiment that these are troubling times despite that markets are dismissive of risk.

No Rhyme, Reason, or Logic In These Markets

Over the past decade, we have lost all perception of risk or reality in these markets. That doesn't reduce risk; it increases it!