<p>BC, should we be popping the champagne open given the surprise in the jobs number? I am a little dubious about the number and the economy…Having talked recently with many contacts,many of which haven’t seen a salary increase in a few years, i believe things are not as good as those numbers suggest…If the economy picks up more steam, the Fed will be hardpressed to keep interest rates where they currently are…And if the rates rise, how can housing ever recover…With historic low rates, housing still is bumping along the bottom of a recovery…Without a pickup in housing sales and values, we are looking a lot like Japan…i am way more concerned with deflation then runaway inflation…</p>