Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: UnBelievable who wrote (100462)	5/8/2001 9:36:56 AM
From: Perspective	Read Replies (1) of 436258

OK, I'll bite: Non-farm business productivity declined unexpectedly by 0.1% from January through March, the Labor Department said Tuesday. The slump mostly reflected the slowdown in economic growth: As business conditions weakened, analysts said, many employers had more workers on their payrolls than they needed. But that raised employers' labor costs to a four-year high. The numbers surprised Wall Street, which expected productivity to increase 1%. The news is likely to bolster investors' expectations that the Federal Reserve will cut its key short-term interest rate by at least half a percentage point next week to stave off a recession What kind of tortured New Error logic can one possibly use to conclude that soaring unit labor costs demand even easier money? I thought increasing productivity was the excuse used to print like crazy the last five years. Now decreasing productivity is the excuse? I'm getting closer to buying gold/Euros/Yen every day... BC

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next