Bad is Good

Upside down
Boy, you turn me inside out
And 'round and 'round
--Diana Ross

When financial markets are addicted to low interest rates, what matters is news that can drive policymakers to lower rates some more.

September jobs report puts October interest rate cut ‘in play’: Jon Hilsenrath https://t.co/u3vo92Rygs @FoxBusiness @MorningsMaria

— Maria Bartiromo (@MariaBartiromo) October 4, 2019

Perversely, then, this is why fewer jobs created can be hailed as good news as it suggests more drugs are coming for the addicts.

This is the upside down world of financial repression.