May 2012 Jobs Report

[2952-0-0]

There's good in the bad. Oil prices continue to fall and the falling 10-year bond rates could help spur the housing market.

But interest rates are already at rock bottom for years. If there's no Aggregate Demand, no investment will occur. The Fed can create a shock-and-awe policy by promising to do whatever it takes to create six digits of jobs for months for two years. It's heretical, but things need to be done.