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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: JeffA who wrote (37297)5/7/1999 9:19:00 AM
From: gpphantom  Read Replies (1) of 90042
 
Hi Jeff,

The "good job number" news this morning was that new jobs came in lower than expected and unemployment was higher than expected. The theory is that demand spawns inflation and high employment creates demand. In other words, no inflation if unemployment is high. Since we came in weaker with today's numbers, it took a little pressure of the inflation concern. Hope this helps
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