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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: zebra4o1 who wrote (12647)10/1/2004 9:58:14 PM
From: russwinter  Read Replies (1) of 116555
 
This kind of revision scam wouldn't surprise me, but here's the facts about employment using the Daily Treasury Statement on wages withholding: fiscal year 2004 (ends Sept.): 1,421,841, fiscal year 2003: 1,390,228, up 2.27%, hardly an employment boom. I wonder if credibilty might be called into question on this kind of revision, especially since a whole year's policy would be based on false numbers.

A big stock market rally? Might be short lived, and followed by a huge swoon, if the bond market craters and blows up out the credit bubble. In otherwords all the props (easy money) would be removed based on false data (employment gains when the reality is there is none). Sounds like a worst case scenario setup for the maladjusted economy.
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