Front and center this morning, G-20 Finance Ministers are meeting in Paris, and it looks like the early leaks of what’s going on is responsible for the currency and metals rally this morning. A plan to deal with Europe’s debt problems has been hatched. The outline of the plan has deeper losses on Greek bonds, higher bank capital levels and increased firepower for bailouts, and the IMF. And it sounds like Eurozone leaders will meet next week to iron out the devil in the details, and put this to bed.
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More BS from the BLS
In an early morning press release, the Bureau of Labor Statistics announced today that it would no longer include “people” in any of its estimates of US unemployment. According to the press release, the move is part of a new initiative to “more accurately report US employment figures through a measured omission of irrelevant data, stemming primarily from the coincidental fact that people exist.”
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