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




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