still is being taken on we also have you debt scams to pick apart here to talk about it all as carl denninger he's trader and author of leverage how cheap money will destroy the world we've certainly see it do a lot of damage but continue to be a huge problem nonetheless so first of all i mr denninger thanks for being on the show thank you very much for having me absolutely so let's talk about jobs i know these numbers came out on friday but there really wasn't a chance for everybody to react to them until today now this report was bad ok payrolls were way less than expected they were less than people's pessimistic views including yours which was for one hundred twenty five thousand they came in at one hundred twenty thousand now we see jobs numbers each month mr denninger they are a political football whether somebody wants to say this is a sign the economy is bad or this is a sign that things are improving we see it thrown around every month my question is stepping back do you see this as one bad jobs report or do you see this is symptomatic of a continued bad structural job situation. i lo