Today's jobs report shows an economy that's still moving in the right direction but way too slowly, which is why Washington's continuing obsession with the federal budget deficit is insane. Jobs and growth must come first.
In some ways, the tragic events in the Northeast from Hurricane Sandy and discussions around the upcoming fiscal cliff are likely to overshadow this lackluster jobs report as it generally just showed things are improving, albeit slowly.
The gold market dropped nearly $20 an ounce shortly after the U.S. Non-Farm Payroll report was released on Friday. However, after digging a bit into the report investors in the yellow metal should find those fears without grounds.
The government has the right rockets at its disposal. Here are two of the biggest: It can hire more employees, and it can finance more infrastructure work. But our leaders aren't willing to fire those rockets.