Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (36838)	8/1/2003 8:11:19 PM
From: Haim R. Branisteanu	of 74559

Agree with you analysis the USD rose on "HOPES" unfortunate the higher GDP was mostly due to the war an ammunition you can use and I suspect the durable goods report included also some guided / cruise missiles and other military related hardware. As usual the employment report was fake and most of the jobs were in the "I hold your hand and make you coffee" industry. 122,000 or so "cut your hair ...make coffee" jobs added since April but manufacturing lost -17,000 even with the big military hardware orders. Actual unemployed in the US are around 10.5% and not 6.2% as the BLS wants us to believe (it is buried in their report) CNBS is now mentioning the issue of overseas jobs in parts like Russia India and China

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