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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Chispas who wrote (66508)7/9/2007 1:34:20 PM
From: mishedlo   of 116555
 
Fed questions the BLS jobs model
globaleconomicanalysis.blogspot.com

The model at the BLS is so flawed that even the Fed is questioning it. That model is assuming a creation of construction businesses even as temporary workers are being let go, even as homebuilding starts and permits have plunged, and even as the GDP sinks. The major problem is not that the Fed is using bad data. The problem is that we have a Fed in the first place.
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