induced coma we'll talk to mike shylock about all this and the calculus behind jobs numbers plus angela merkel is in athens she reportedly offered words of support for her greek counterpart while that's easy consuming pretty cheap but it's far more expensive to bail out countries the conditions of bailouts and debt write downs words of support don't pay the bills or reignite a stalled economy will discuss and look at where the mainstream media has gotten this thing all wrong plus iran faces hyperinflation or does it we'll talk about the economic impact of sanctions price controls and whether it's better to lose purchasing power quickly and noticeably rather than slowly but surely you know what i'm talking about who i'm talking about let's get to today's capital account. the u.s. jobs numbers were released friday from the bureau of labor statistics which typically i think it's fair to say gets one solid day of play in the news cycle but not this time because the unemployment rate dipped to seven point eight percent and some high profile folks such as former g.e. c.e.o. jack welch suggest

headline every month we mean the media collectively joining me today discuss all of this though is mike shylock better known as his investment adviser for sick of pacific capital author of the popular blog mischa's global economic analysis and i'm really glad that you're here today mitch because i want to spend some time on this this latest fervor around the jobs numbers is a great opportunity to really probe into what goes into these so thanks for being here oh a pleasure to be on the show again lauren always seems to be some kind of big controversy when i'm on the air this time right if you're headed right into the election big controversy on jobs in the form of. a loop of wire or with a million and i have people stars on the i know that's for sure that tweet went very far and then other people jumped into his camp people like donald trump who is outspoken on many issues to put it mildly so just to get this cleared up with september you think the kind of the blatant accusations of manipulation that those are conspiracies correct oh oh well those are the conspiracy theory and a lot of people y