Submitted by Tyler Durden on 02/14/2012 - 15:07 3 Year Treasury Art Cashin CDS fixed Reality Recession recovery Unemployment Unemployment Benefits Unemployment Insurance
While the government propaganda machine chugs along and tells us to move along, there is nothing to see in the plunging labor participation rate, it is just 50 year olds pulling a Greek and retiring (fully intent on milking those 0.001% interest checking accounts, CDs and 3 Year Treasury Bonds for all they are worth - they are after all called fixed "income" not "outcome") there is more than meets the eye here. Yet while we will happily debunk any and all stupidity that Americans actually have the wherewithal to retire in droves as we are meant to believe (with the oldest labor segment's participation rate surging to multi-decade highs), there is a distinct subset of the population that migrates from being a 99-week'er to moving to merely yet another government trough - disability. Art Cashin explains.
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http://www.zerohedge.com/news/art-cashin-explains-what-happens-those-who-stop-looking-work
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