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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (27018)	8/8/2000 8:57:31 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

Aug. 8-MAR-- [B] BRIDGE ALERT:EU DEBT:US Q2 productivity +5.3%; labor costs -0.1% New York--1230 GMT--Aug 8 Second-quarter productivity rose 5.3%, considerably higher than the 4.5% gain the market expected, and also up from the revised 1.9% first-quarter increase, which was revised down from 2.4%. Second-quarter compensation costs rose 5.3%, up from a revised 3.9% Q1 gain. But the surge in productivity contained unit labor costs, which declined 0.1%, versus the revised 1.9% Q1 increase, which was previously reported at up 1.6%. This is amazing! They are trying to spin this as great news but if you look at the all the revisions, it is hard to make heads or tails of it. Productivity up but it is up from a REVISED number last time that made the old productivity number lower, thus of course this one is higher than expected since it is measuring against a lower old one. 5.3 reported take away the 4.5 that was expected and you get a suprise of .8 The old one was revised down from 2.4 to 1.9 or a decrease of .5 so the actual increase was only .3 better than expected. Now look at the employment costs which were reported at 1.6 but revised to 1.9 thus we are measuring from .3 more than expected and we decreased .1 thus in reality we are higher .2 than the original number. So the real numbers are 4.8 gain in productivity and a INCREASE of .2 in employment cost. Of course people are now forgetting all about the biggest gain in consumer credit since Jan 99 now that was reported last night and according to the futures market we are doing a 180 and may actually go up now. Good Luck, Lee