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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 342.05+0.3%Jan 15 4:00 PM EST
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To: Justa Werkenstiff who wrote (117)7/7/2000 6:16:51 PM
From: MrGreenJeans  Read Replies (2) of 10065
 
Justa

MJG: Re: "My point was nonfarm payrolls are starting to showing anemic growth which is what the Federal Reserve is targeting."

I would not expect anything but slowing growth since there are fewer and fewer workers to be found.

The available labor supply is somewhere in the 9.8 to 10 million area. There is still ample labor supply to go around generally speaking for people with general unspecialized skills. I believe off the top of my head nonfarm payrolls increased by about 11,000 jobs in June, this could be incorrect, but the number was anemic. Rate increases are kicking in. Further, I think Bob was caught off guard by this report. I thought I heard him say some weeks ago the weather or seasonal patterns had a dampening effect, no pun intended, effecting the May unemployment number and that the May number could be revised up. I got the impression he expected more job growth in the June report. In fact, I believe, again I do not have the report in front of me, the May numbers were revised down.

There has been no 20% decline yet. But I would not wait around with a stop watch on this one. Brinker said this would all take time going into next year.

If Brinker thought this move would take time going into next year why was his January partial sell call...immediate?
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