Call me a cynic but I don't see it based on the other indicators like order for durable goods, company debt to earnings, etc. and the U6 figures. Add to that the situations in Greece, Spain, Ireland, Iceland are all still not finalized and still problematic.
I believe this is all the same smoke and mirrors that got us into trouble before.
U3 statistics aren't good enough in such a long cycle because many are now without benefits.
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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
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