QQQM - Weekly Commentary: Monetary Disorder In Extremis

• November non-farm payrolls gained 245,000, only about half the mean forecast - and down from October's 610,000. It was the weakest job growth since April's employment debacle. U.S. equities rallied on the disappointing news.
• Bad news has never been more positively received by the stock market. Some analysts are now anticipating the Fed will soon supersize its already massive monthly bond purchases.
• The U.S. bubble economy structure has evolved into a voracious credit glutton. There's a strong case for significant additional fiscal stimulus. The case for boosting monetary stimulus is not compelling.

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