Jobs Up But Earnings and Participation Down – Ep. 42

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

Our Sponsors: * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: https://redcircle.com/privacy